$Coterra Energy Inc.(CTRA)$ $Cisco(CSCO)$ $Circle Internet Corp.(CRCL)$ π¨ππ₯ The C Cluster Crushes the Options Tape, 12Nov25 ET / 13Nov25 NZT π₯ππ¨
π Flow Shockwave
I am seeing CTRA ignite the tape with 613,440 contracts and an extraordinary 613,169 calls against only 271 puts, a level of dominance that rarely appears outside of major accumulation phases. CSCO follows with 436,409 contracts and a call skew more than three times the puts, a clear break from its usual institutional balance and a sign that positioning is shifting with intent.
π Velocity Surges and High Impact Prints
CRCLβs 374,291 contracts split between 169,720 puts and 204,571 calls create a volatility profile that often precedes expansion moves. BBAIβs 364,028 contracts show a directed surge in AI linked risk appetite. SMR printed 261,968 contracts with a put leaning structure that may reflect defensive hedging ahead of binary energy catalysts. ONONβs 185,527 contracts at seven times its average volume display a footprint that points toward whale activity rather than retail participation.
π Micro Cap Detonators
LPTX posted 51,153 contracts at one hundred and seventy nine times its average volume, a statistical anomaly that usually appears only when a single institution takes a concentrated stance. EXE printed 137,608 contracts at twenty three times its average and almost all in calls, which often signals a thesis driven campaign building across multiple sessions.
π Event Risk Shields and Defensive Positioning
REGNβs 62,913 contracts with 61,316 in puts and only 1,597 in calls show defensive protection being erected ahead of a potential binary event. MRKβs 97,633 contracts with strong call activity point toward a rotation into healthcare as a stabilising anchor. TEVA, PAAS, ALB and MTSR printed two to three times typical activity, consistent with cross sector hedging and subtle accumulation.
π Stealth Accumulation Across the Board
ONBβs fifty times average volume is the strongest signal of fund level positioning. ABBV, EQT, DLO, JEF and XLV also printed volumes above normalised ranges with structural skews that align with multi day build up rather than short horizon speculation. KRβs call heavy structure looks more like accumulation ahead of a thesis driven move than opportunistic scalping.
πβWhich ticker from this tape earns your focus for a 48 hour continuation move, and what part of the flow signals that shift?
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