Me and @NicholasFNS found an outstanding piece of flow live during the 6/3 Whale Watch stream on @unusual_whales
The first $BSX contract that stood out was the 6/26 50c. It had a really clean tape behind it, so we stopped and broke it down live around the 1 hour and 10 minute mark of the stream.
What made it stand out:
• 100% opening trade
• Repeated ask-side fills
• Net call premium was strong
• Premium kept rising as more contracts came in
• Spot was rising with the flow
• IV was also rising
• It did not look like random, messy tape
Then shortly after that, we found the $BSX 6/18 45.5c going in the same direction, which gave even more confirmation that someone was positioning aggressively in $BSX.
That is what made this such a good example of using @unusual_whales the right way. It was not just one contract and a blind chase. We found the first clean piece of flow, then found another contract supporting the same idea, and were able to walk through the full breakdown live.
The 6/26 50c contracts were around $1.00 when we talked about them and later traded up to $1.90, giving them about a 90% move from the live breakdown.
You can go back and watch us find it and break it down live around the 1hr 10m mark of the 6/3 @unusual_whales Whale Watch stream.
On today's Whale Watch stream, we mentioned $7400 $SPX as the longer-end target to the downside
Market maker gamma positioning continued building lower and lower; after a back test, they straight up swept that $7400 $SPX level to the new heaviest +GEX at $7375
Hot damn.
Wow, look at the $BRK.B contracts we’ve been tracking since they first showed up on the @unusual_whales flow feed back on 6/1.
This is the definition of “someone always knows.”
We had this whale add to their position three separate times. On 6/1, the first group of ask-side puts hit the tape, then later that afternoon, more ask-side puts came through again. We also know these contracts stayed open, with the majority of the volume carrying over into 6/2.
At that point, the contracts had an average entry of roughly 3.58.
Then on 6/3, another large batch of ask-side contracts hit the tape, and those also carried over into 6/4. Based on the structure, it looks very possible this was the same trader adding again. At that point, the whale averaged up on the position and brought the overall average to roughly 4.49.
Fast forward to today, and these contracts are now trading around 13.17.
That means they are up over 230% this week after the flow came in.
Well....
During my @unusual_whales flash sale on our trading show WhaleWatch, I said if enough subscribed, I'd do an episode in a French maid outfit
it uh... came with accessories
$SPY 🩸
Now trading $749.
I called for a move below $750 in the video below. Since then, SPY has dropped over -$5.
Using @unusual_whales Market Tide data, I spotted extreme negative net call premium and net volume, signaling bearish positioning before the selloff. 📉
Well....
During my @unusual_whales flash sale on our trading show WhaleWatch, I said if enough subscribed, I'd do an episode in a French maid outfit
it uh... came with accessories
If you missed yesterday’s Whale Watch stream, @NicholasFNS and I highlighted some $BSX calls we found on the @unusual_whales flow feed and did a full real time breakdown around the 1 hour 8 minute mark.
Those contracts have already moved from 1.00 to a high of 1.45 today, giving them an overnight gain of 45%.
During the stream, we talked through the IV rising in real time while price was dropping, reviewed the gamma heat map, and broke down the preemptive net call premium that had been showing up over the last couple of days.
Great example of using multiple @unusual_whales tools together instead of just chasing flow blindly.
Sorry for no @unusual_whales WhaleWatch show today!
Girlfriend and I both came down with something over the weekend; it's possible I smelled @AnthonySandford 800mi away and that put me under
Back at it Wednesday morning with the boys!
$IBM $295 calls up 148% today as IBM trades at $293. Alerted X subscribers this morning ahead of the opening bell and was covered during the @unusual_whales live stream this morning 📝✅😎 https://t.co/bCcqjBaIvY
If you missed the @unusual_whales Whale Watch stream earlier today, @NicholasFNS and myself recapped some flow from the 5/20 episode.
We highlighted a handful of trades we found using the @unusual_whales Mr. Whale AI tool, which pulled up several names for us to look at before the contracts moved.
A few of the standouts:
$TIGR 5/29 5.5p ran for over 800%
$QBTS 5/22 18.5c ran for 1,533.77%
$NOK 5/29 14.5c ran for 331%
You can watch us revisit all of these names during the first 10 minutes of today’s stream.
Don’t miss our Monday, Wednesday, and Friday streams starting at 9 ET. We use the Periscope market maker exposure tool, hunt for flow, review open interest changes, break down Market Tide, and much more.