Vikas Patel

Trading 📈📈
Watching Options Flow
Education Purpose Only
Join our group with new Strategic Stock Market Investments.

[Vikas Patel @vikaspatel1998]

x1500 $PWR 11/20 $570 Puts bought @ $4.40

[Vikas Patel @vikaspatel1998]

X650 $MCHP 9/17/27 $77.50 Calls bought @ $13.50

[Vikas Patel @vikaspatel1998]

x10,000 $BP 10/30 $48 Calls bought @$1.15

[Vikas Patel @vikaspatel1998]

x500 $ATEX 2/27 $130 Calls bought @ $3.55

[Vikas Patel @vikaspatel1998]

@AndrewHiesinger What filters are you using for this ?

[Vikas Patel @vikaspatel1998]

@AndrewHiesinger BETA

[Vikas Patel @vikaspatel1998]

x2000 $TXN 9/18 $260 Calls bought @ $6.38 - $6.70

[Vikas Patel @vikaspatel1998]

@OptionsHawk 😂

[Vikas Patel @vikaspatel1998]

x10000 $INTC 10/2 $110 Calls bought @ $2.22

[Vikas Patel @vikaspatel1998]

$MDB setting up nicely.

[Vikas Patel @vikaspatel1998]

x1900 $SYK 9/18 $340 Calls bought @ $4.80

[Vikas Patel @vikaspatel1998]

x4125 $AMGN 10/16 $460 Puts bought @ $29.75

[Vikas Patel @vikaspatel1998]

x2760 $AMZN 8/28 $272.50 Puts bought @ $10.79

[Vikas Patel @vikaspatel1998]

Now up to 12K contracts. $16 Million in premium

[Vikas Patel @vikaspatel1998]

x4000 $SOXL 9/18 $110 Calls bought @ $13.30 - $13.94

[Vikas Patel @vikaspatel1998]

x3500 $SOLS 11/20 $60 Calls bought @ $4.20

[Vikas Patel @vikaspatel1998]

x1000 $MDB 9/18 $480 Calls bought @ $15.04

[TraderJonesy @TraderJonesy]

Nearly $45 MILLION has been dropped on $SPY puts this week by the three whales we’ve been tracking.

They’ve been up millions. Down millions. Back up. Back down.

And as of right now? All three still appear to be holding.

Here’s exactly where they stand based on their original entries.

The first whale dropped $14.57M into 20,257 September 18th $755 puts at $7.192. Current mark. $6.87. That whale is currently down roughly $652,000 from entry.

This is the same position we watched swing from being down millions, to up roughly $4M during the selloff and now back underwater. Still in.

Then three minutes before yesterday’s closing bell, another whale dropped $26.66 MILLION into 16,968 November 20th $750 puts at $15.71. Current mark. $15.06. That whale is currently down roughly $1.1 MILLION from entry. Still in.

Then we have the $3.46M whale that bought 4,655 September 18th $756 puts at $7.442. Current mark. $6.99. That whale is down roughly $210,000 from entry. Still in.

So between these three positions, roughly $44.7 million was put into $SPY puts.

They are currently sitting on roughly $2 million in combined unrealized losses.

But that isn't what interests me. What interests me is the conviction.

These positions have been thrown around over the last few days. Some have swung millions of dollars in both directions and yet the low volume and OI continues to suggest the positions are still open.

Maybe they're hedges. But if they are, ask yourself this... Why do multiple whales suddenly feel the need to spend nearly $45 MILLION protecting against downside?

And if they're NOT hedges? What are they positioning for? Either way, I'm paying attention.

I actually decided to follow one of them as a hedge against the overall bullish exposure in the funds I track.

Not because flow controls the market. It doesn't.

But when this much bearish flow starts stacking while my own signals are showing weakness, I'm not going to ignore it either.

My personal target is now $750 on $SPY into September.

From there, I'm looking for price to eventually bottom and set up the larger move higher.

The whales have nearly $45M on the table.

Now we see how much conviction they really have.

— TJ

$SPY $SPX $QQQ #SP500 #StockMarket #Trading

[Vikas Patel @vikaspatel1998]

x3000 $INTU 9/18 $390 Calls bought @ $14.90

[Vikas Patel @vikaspatel1998]

x1450 $WPM 12/18 $190 Calls bought @ $7.79