"Avg 3d call volume: 314K, Fri: 329K"
Average call volume over three days is 314K calls traded, and Friday had 329K traded.
"Avg 3d put volume: 161K, Fri: 170K"
Average put volume over three days is 161K puts traded, and Friday had 170K traded.
"5K 🐳: 66% 🐂"
Whales at the $5,000 or greater premium levels are betting 66% bullishly
"15K 🐳: 60% 🐂"
Whales at the $15,000 or greater premium levels are betting 60% bullishly
"30K 🐳: 43% 🐂"
Whales at the $30,000 or greater premium levels are betting 43% bullishly
"🐂 targeting 2023-01-20 expiry, $290 strike"
Bullish premium is greatest on the January 20th, 2023 expiration.
Bullish premium is greatest on the $290 strike across all expirations.
Premium is not allocated together on the strike and expiration, meaning it was not necessarily the same betters on the $290 strike for 20-Jan-2023 every time!
Filters:
- Greater than or equal to $25,000 premiums.
- Size (of order) over open interest (OI).
- Sorted descending by size of orders.
- Intraday only.
$ZI - 🌊🔍 Flow Deep Dive per @unusual_whales 📆📈 - No filters on the below post. Highlighted the unusual trade I am going to look into, the 4K and 2.5K contracts on the $70 and $65 strike call options for 21-Jan.
TL;DR: I think they rolled their strike up and bought more.
Click on the ↕ emoji (where my cursor is) to view the trades that came in together (potentially) as a part of a strategy.
That opens up this panel which shows us the relevant trades that came in together.
On the $65C, we can see that the volume on the day was about the size of this order in fact, but the open interest was 3.8K...so we simply cannot know if they were bought or sold to open.
Folks sometimes will look at the @unusual_whales flow and point to some of the tags as being indicators to take an entry, make an exit, or to outright avoid a trade altogether.
For instance, sometimes there are trades that come through marked as "floor". What is a "floor" trade?
Floor traders work on the floor of an exchange.
When a floor trader executes a trade, exclusively for their own account, it must be reported on an exchange by the "floor" tag.
That's it.
Well...
...Except for the fact they might be initiating a trade on behalf of a client for any other reason or with knowledge from said client(s).
But that's hearsay (literally?).
This is a pretty cool video showing off floor traders from a couple of decades ago:
But the Flow shows a lot of call volume coming ahead of the ex-div date!
- You might be seeing market makers that are looking to capture as much of the dividend as possible, who are looking to exercise deep ITM call options.
But why do MMs trade pre-div dates?
- To capture as much of the dividend as possible, two market makers enter into an agreement to trade deep-in-the-money call options back and forth with each other on the day prior to the ex-dividend date.