Notably, just like yesterday, it’s the strikes above current price that are being closed.
This suggests traders are taking profits on upside bets
Technically, the picture resembles a "long unwinding" setup ahead of a pullback:
Price drops sharply → then rebounds → where sellers likely step in to offload positions without crashing the market and cutting into profits.
Is this what’s happening?
It’s one interpretation — not a claim to absolute truth.
But the flow supports the idea.
