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unusualwhales.com Snorlax (๑❛ ڡ ❛๑) Profile picture
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16 Jul, 4 tweets, 1 min read
That's a cool $10 million on $DKNG being over $40 by October
correction, to sell 35000 contracts of 40p they'd need 35000 x 4000 = $140,000,000

$10 mil is the return
I should just look around before I tweet
If you're a $DKNG bull go ahead and order that steak tonight

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unusualwhales.com Snorlax (๑❛ ڡ ❛๑) Profile picture
17 Jul
I'll try to explain this $DKNG 2-leg play for those who are confused
Sell 10/15 40p
Buy 10/15 60c
(if you are unfamiliar with writing/selling puts investopedia.com/trading/introd…)
Let's assume for simplicity's sake that we are dealing with 1 contract each, and not 35,000
Selling the 10/15 40p nets this trader a premium of $288. With this $288 they buy the 10/15 60c for $100. This trader is pocketing $188 (288-100) & freerolling a 60c. The trade theoretically as unlimited upside & downside starts with $DKNG @ $38.12 (40p, minus the net 188 credit)
You can reference optionsprofitcalculator.com/calculation/dk… to follow along (click the calculate button). The numbers in the attached table represent approximate profit/loss in dollars relative to the date. Again, we've been using 1 contract for simplicity's sake.
Read 4 tweets
unusualwhales.com Snorlax (๑❛ ڡ ❛๑) Profile picture
15 Jun
Flow explained, with links to additional relevant information you may find useful
Time and Ticker:
Self explanatory

Side:
"Buy" or "Sell", determined by whether the transaction occurred at the bid or the ask. More Info: optionstradingiq.com/options-bid-as…, investopedia.com/ask/answers/se…, investopedia.com/trading/basics…

C/P:
Call or Put option. More Info: investopedia.com/articles/activ…
Expiry:
Expiration date of the contract. More Info: fidelity.com/viewpoints/act…, investingwithoptions.com/options-expira…

Strike:
Strike price of the contract. More Info: investopedia.com/terms/s/strike…, investopedia.com/articles/activ…
Read 5 tweets
unusualwhales.com Snorlax (๑❛ ڡ ❛๑) Profile picture
14 Jun
Someone asked how they could use Flow to look into this tweet (1035 AM est).
Using the filters, you could enter in something similar (1). Feel free to add in a premium to expedite.
We can see a large number of contracts being purchased at the ask (1) (I added premium filter 5k$+)
Read 6 tweets
unusualwhales.com Snorlax (๑❛ ڡ ❛๑) Profile picture
2 Jun
I know it seems like there is a lot happening on the @unusual_whales website, so I will try to highlight some of the sections that may not get as much attention as others.
In addition to showing you the details of every transaction occurring across the exchanges, you can see how the flow is looking for the sectors and for specific tickers. unusualwhales.com/flow/sectors
unusualwhales.com/flow/hot_chains
You can configure your notification settings anyway you like. Here are some examples. To receive push notifications you will need to download the mobile application (Unusual Whales). unusualwhales.com/settings/notif…
Read 6 tweets
unusualwhales.com Snorlax (๑❛ ڡ ❛๑) Profile picture
14 May
🐳 Quick guide on reading Flow Pie Charts

I took the last 10 lines from today's TSLA order flow and will recreate the pie charts based on the info we see. Hopefully it will help you understand how the information in the pie charts is calculated! Image
When you're on the flow and you click "Show Charts" you'll see 5 pie charts running across the bottom.
From left to right they are:
1. # Calls v Puts
2. Volume Calls v Puts
3. Premium Calls v Puts
4. Ask v Bid side
5. Bear/Bull flow
1. If we look through our 10 lines of Tesla data, we will see there are literally 5 calls and 5 puts. So our first chart will be 50/50 calls/puts.

2. Adding up call and put volume gives us 103 for calls (50+50+1+1+1) and 6 for puts (1+1+2+1+1). Image
Read 5 tweets
unusualwhales.com Snorlax (๑❛ ڡ ❛๑) Profile picture
7 May
Quick guide on how to find an options purchase from an @unusual_whales alert in the Flow.

Let's use this $MU 2022-03-18 P $90 as an example ()
First we will need to visit the alert page. You can do so by clicking the hyperlink preceded by "Find out more at:". Alternatively, you can select the hyperlink in Discord, select the alert on the website, or on the app to view the alert page.
Once you've done so you'll you want to scroll down to where it says "Big Options Trades". In this case there is only one. "5/6/2021,14:33, Size 3000, Premium per $15.68, Total premium $4,704,000.00".

The displayed time is (for the time being) EST + 1. So, treat 14:33 as 13:33.
Read 4 tweets

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