May. 8 at 4:00 PM
$SPY $SPX $VIX $VXX $ES_F >> And according to the reporting:
nearly
$13 billion in call-related hedging occurred on one session
one of the biggest ever recorded.
Here’s the bigger picture from current options-flow and open-interest data:
SPY saw massive call activity during the rally continuation after the Iran de-escalation / liquidity squeeze narrative.
WhaleStream is showing huge increases in upside SPY call open interest, including:
740 calls
750 calls
even 820 calls on longer expirations.
At the same time, there is still heavy put positioning underneath:
710 puts
725 puts
675 puts saw huge OI increases.
That matters because this is NOT a clean “everyone bullish” environment.
