Confused by these @unusual_whales tweets?

Please, allow me to explain. If you still have questions, just ask!
"Put/call ratio: 0.519, call premium: 144 million"

Put/call ratio (P/C) is put volume divided by call volume. $144M in total call premium traded.

We can interpret the P/C of .519 as bullish.

(I have expained the P/C ratio already, please have a read: )
"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!

You can view breakdowns by strike/prem of *the last 100 trades* on the flow levels page:…
I think this is what you were asking for, @lilyayyo_?

As always, let me know if this helps! If you have questions, just ask!

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More from @Crowd_Traders

13 Jan
There is a new @unusual_whales Hottest Chains & Tickers page:…

This is a new and exciting, albeit easily misunderstood tool.

So, as always, please allow me to explain:
To get to the page without a link, it's actually sort of hidden (I suspect to test it out!).

I highlighted and ninja'd the link to click on from the current page (here:

Or just use this link to get there directly:… Sneaky sneaky! Click on the highlighted area with the ninja
This is what the new page looks like.

It has some unique columns I have not seen elsewhere on the flow, such as "OHLC" and "Acc factor", so I feel obligated to review these as best I can.

I will review every column, though, so feel free to skip to whichever definition you need:
Read 22 tweets
11 Jan
Since folks are asking for examples since the "how to save filters" thread (), here are some @unusual_whales Flow searches to help you get started.

These are NOT the only ways to filter the Flow. You'll come up with your own, in time.

Share yours, too!
Example 1

Sizable orders, not deep ITM, by time. Good for watching live during the day.…

- Order sizes of 150 more contracts.
- Size (of order) over open interest (OI).
- Deep ITM trades excluded.
- Sorted descending by time.
Example 2

Large premium orders, sorted by size. Good for historical review for the day.…

- Greater than or equal to $​25,000 premiums.
- Size (of order) over open interest (OI).
- Sorted descending by size of orders.
- Intraday only.
Read 7 tweets
31 Dec 21
$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 we simply cannot know if they were bought or sold to open.
Read 14 tweets
31 Dec 21
I've caught a few folks mistakenly interpreting the "pillboxes" at the top of the @unusual_whales flow.

Those are the bits of information above the flow feed itself.

I've labeled them here, A through H to go through them. I'll also explain where some calculations come from.
A: Market state shows today's date, along with the single ticker you are viewing. Or just shows "MarketState" if viewing greater than one ticker.
B: Put/call ratio is put volume divided by call volume. Put/call ratio is very important and can be an indication of sentiment shifting.

P/C greater than .7 means more puts are being bought than calls, so the trend is getting bearish.

P/C .7 to .5 is getting more bullish.
Read 13 tweets
30 Dec 21
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.

...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:
Read 10 tweets
30 Dec 21

You might want to avoid trading calls surrounding a stock's ex-dividend date!

$MDLZ goes exdiv TOMORROW 30-Dec!
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.
Read 6 tweets

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