COCOA 4000 call SELLOFF

There has been an active selloff of the 4000 strike for several days. In other words, the former owner of the option contracts sells off his portfolio. A noteworthy and important point is the fact that this happens in a rising market. In the vast majority of cases, this is a bearish sentiment and reflects a major contract holder's fear of a slowdown or, more likely, a reversal of the current trend.