According to publicly available options data platforms, prior to the China Securities Regulatory Commission’s announcement on May 22 of proposed penalties against Futu and Tiger Securities, both stocks experienced unusual spikes in put option trading volume on May 7, 19, and 21. StreetInsider issued a notice at 9:57 a.m. Eastern Time on May 21 regarding abnormal trading activity in FUTU and TIGR. ThetaOwl data showed that the put/call ratio for Futu’s options expiring on May 22 was significantly elevated on May 21. The market has questioned whether funds had positioned themselves for short positions ahead of the official announcement.
Unusual Put Options Volume for FUTU and TIGR Raises Market Concerns
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Options market activity for FUTU and TIGR showed unusual spikes in trading volume on May 7, 19, and 21, 2026, according to AiCoin. Data from public options platforms and StreetInsider highlighted abnormal put options trading, particularly ahead of the Chinese SEC’s May 22 announcement. ThetaOwl noted a high Put/Call ratio for FUTU’s May 22 options, fueling speculation about pre-announcement positioning.
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