As best I can gather from FinTwit, Carl Icahn has bought $50 million in S&P puts with a 4050 strike price that expire next Friday 2/17. Apparently he is betting on a hotter than expected CPI print next Tuesday morning to sink the market https://t.co/DSga42oKZ2

— Top Gun Financial (@TopGunFP) February 9, 2023

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While the price action still favors the bulls, the market has been marginally weak over the last five trading sessions since Apple (AAPL), Google (GOOG/GOOGL) and Amazon (AMZN) reported 4Q22 earnings on Thursday afternoon February 2nd. One of the more interesting stories to surface yesterday (Thursday) was the rumor that Carl Icahn bought $50 million in S&P puts with a 4050 strike expiring next Friday 2/17. Supposedly Icahn is betting on a hotter-than-expected January CPI Report next Tuesday morning to tank the market. Because inflation and the Fed are still the dominant drivers, that report could be an inflection point that catalyzes market direction in the short term.

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