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Circle US stocks are the last trading day tonight. Suddenly, a lot of 80 puts have appeared, almost 5,000 contracts. It seems the market is not optimistic about the final version of this bill, betting on a 10% drop tonight, expecting to reach 80.
I went short this morning when the price was around 90. A 10% decline tonight should not be a problem.
Please note, if the price really drops 10 tonight, it is recommended to take profits and close the position. Do not continue to chase the short position, as this might be the biggest negative news. The risk-reward ratio for further shorting is too low.