Aug. 19 at 1:37 PM
$SQQQ options flow lesson: volume versus open interest is a screening clue. A high ratio flags activity that deserves inspection, but intraday turnover can include opening and closing trades. The ratio alone does not prove intent. The alert snapshot shows
$1.5M in the Sep 18
$38 calls. Volume was 1.5x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.