The options tape classified a multi-leg trade in XBI with $12.55M of traded premium.
What changed for $XBI?
This classification comes from the actual option-event tape, including the execution pattern and strategy type, rather than being inferred from end-of-day chain volume.
| Structure | 2 observed legs |
|---|---|
| Expiration | 2026-10-16 |
| Premium | $12.55M |
| First leg contracts | 15,000 |
| First leg price | $3.85 |
| First leg sentiment | BEARISH |
LOADING $XBI LIVE MARKET DATA
What does this $XBI signal not prove?
A classified trade does not reveal the trader’s full portfolio, hedge, or final intent. Multi-leg sentiment can differ by leg and should not be reduced to a single directional claim.
