[Futu and Tiger See Unusual Surge in Put Options Volume Before Penalty Announcement, Raising Market Concerns of Possible 'Insider Trading'] BlockBeats News, May 23: According to public options data platforms and market information, before the China Securities Regulatory Commission (CSRC) announced on May 22 its intention to impose administrative penalties on cross-border internet brokers such as Futu and Tiger Securities, there was an unusual surge in the trading volume of put options related to Futu and Tiger on May 7, 19, and 21. The highest trading volume occurred just before the official announcement. At 9:57 AM ET on May 21, StreetInsider flagged unusual put option activity for FUTU and TIGR. Data from ThetaOwl also showed that the Put/Call volume ratio for Futu's options expiring on May 22 was significantly elevated on May 21. Some market opinions suggest that these anomalies may indicate that funds had positioned themselves in a bearish direction ahead of the announcement, sparking suspicions of 'insider trading' or preemptive transactions.