Futu and Tiger Securities Put Options See Abnormal Surge Before Regulatory Penalties Announced on May 22

GateNews
FUTU-27.71%
According to BlockBeats, abnormal trading volume in put options for U.S.-listed Futu (FUTU) and Tiger Securities (TIGR) appeared on May 7, 19, and 21, ahead of China's Securities Regulatory Commission announcing enforcement actions against the cross-border brokers on May 22. StreetInsider flagged the anomaly on May 21 at 09:57 AM ET, while ThetaOwl data showed put-to-call ratios in FUTU May 22 expiration options were significantly elevated. Market participants have questioned whether the pre-announcement options activity may indicate front-running or insider trading.
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