The current squeeze looks more like a rebound than a true trend reversal. Two unusual moves stood out: 1️⃣ Tesla The long call position ($TSLA 20260220 440.0 CALL$ ) was fully closed — just one day after being rolled on Friday. That kind of rapid reversal is extremely rare. It signals that whoever held it is expecting a meaningful pullback and decided to take risk off the table early. 2️⃣ Google Options flow turned noticeably defensive. Major call open interest is being unwound, while new put positions are opening aggressively. One example: 21k contracts of the Dec 19th $310 puts ($GOOGL 20251219 310.0 PUT$ ) were bought. That’s a clear shift toward he