I invested 651.37K in SYM puts with a strike price of 17.5, expiring on 2024-10-18, as Symbotic faces significant headwinds from a class action lawsuit and lowered revenue guidance. The company's inability to meet earnings expectations has led to a sharp decline in stock price, signaling further weakness ahead.

Considering the multiple class action lawsuits alleging misleading statements, I anticipate increased volatility and potential downward pressure on SYM shares in the short term. This scenario makes it ideal for a bearish options play.

Given the multiple class action lawsuits and lowered revenue guidance, I expect SYM's stock to be under significant downward pressure. This makes it an excellent candidate for buying SYM call options to capitalize on potential price volatility and sharp upward rebounds from any temporary declines.