CHTR Short — CHTR -24% structural breakdown on massive volume —

Setup: CHTR printed a catastrophic gap-down on the 4h chart today, dropping from ~241 to sub-190 on the largest volume bar visible in months — 2.3M+ shares in a single hour at the open, followed by continued selling through the session now trading ~183. The prior multi-month range of 208-250 is entirely overhead, and there is no visible support shelf until the Jan 2026 lows near 180-183 are tested. The current candle is a continuation red bar with no meaningful lower wick — sellers remain in control and there is no sign of absorption.

Flow: Options flow is unambiguously bearish in aggregate: net bearish premium of $752K vs $590K bullish, delta imbalance -5,340, and the largest single prints are deep ITM puts (230P, 237.5P) bought same-day. The 180P and 185P on May 15 were lifted on the ask — traders are positioning for continued downside through expiry. The only bullish activity is 190C and 195C buying, likely hedges or bounce speculation, not conviction longs. Symbol context confirms -24% on 2.9x relative volume, consistent with a structural re-rating event (earnings/guidance cut), not a tape-driven dip.

Plan: Stop placed above the breakdown shelf and intraday VWAP reclaim zone — a close back above 192 would indicate buyers absorbing the supply and invalidate the continuation thesis. Target is the Jan 2026 swing low zone around 180-183, with an extension toward the 160 area where the May 22 160P flow was opened ToOpen. R/R is approximately 2.5:1 from current levels.

📍 Entry: 183.01
🛑 Stop: 192
🎯 Target: 160
⚖️ R:R: 2.56