CPI “double dip” puts; position swung from break-even to +20%/+50%.
Zillow remains a bearish options “double dip” candidate, with an existing position oscillating between break-even and strong gains before easing back.
Zillow is explicitly included in the “double dip” plays, and the speaker says they still hold an original Zillow options position. That position has fluctuated from break-even up to about +20% and +50% before coming back down, implying continued downside optionality into upcoming events.
"Record put volume + CPI surprise"