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11-13

$Coterra Energy Inc.(CTRA)$ $Cisco(CSCO)$ $Circle Internet Corp.(CRCL)$ πŸš¨πŸ“ŠπŸ”₯ The C Cluster Crushes the Options Tape, 12Nov25 ET / 13Nov25 NZT πŸ”₯πŸ“ŠπŸš¨

πŸ“Œ 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.

πŸ“Œ Velocity Surges and High Impact Prints

CRCL’s 374,291 contracts split between 169,720 puts and 204,571 calls create a volatility profile that often precedes expansion moves. BBAI’s 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. ONON’s 185,527 contracts at seven times its average volume display a footprint that points toward whale activity rather than retail participation.

πŸ“Œ 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.

πŸ“Œ Event Risk Shields and Defensive Positioning

REGN’s 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. MRK’s 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.

πŸ“Œ Stealth Accumulation Across the Board

ONB’s 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. KR’s call heavy structure looks more like accumulation ahead of a thesis driven move than opportunistic scalping.

πŸ‘‰β“Which 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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Comments

  • Cool Cat Winston
    11-13
    Cool Cat Winston
    I am looking at the C cluster the same way you are reading it. CTRA’s call domination plus CSCO’s skew resets the entire structure of the tape. I am watching how REGN’s put wall interacts with that backdrop because it often sets the tone for defensive flow. The balance between accumulation and protection is unusually clear today and it creates a useful map for short term continuation setups across the board. Your read on the flow aligns tightly with how I interpret multi sector clustering and it adds weight to the idea that this session is driven by deliberate intent rather than noise.
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      πŸ… πŸ…—πŸ…πŸ…ŸπŸ…ŸπŸ…¨ β“‰β“‘β“β““β“˜β“β“– πŸ…πŸ…—πŸ…”πŸ…πŸ…“! πŸ…’πŸ…—πŸ…”πŸ…”πŸ…‘πŸ…’ πŸ…‘πŸ…’ πŸ€πŸ€πŸ€πŸŸ§
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      🩡 May your skies be blue and your trades green 🟒
    • Barcode:Β 
      CCW your insight into the defensive layer was sharp. I see the same interplay between call aggression and protection and it gives structure to the flow in a way that matters for short horizon setups.
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      πŸ™πŸΌ I appreciate you taking the time to read my post CCW. Your engagement helps push these market discussions further, and it’s always valuable to exchange perspectives on where we might be in the cycle.
  • Tui Jude
    11-13
    Tui Jude
    πŸš€πŸ“ˆ I see why you highlighted the scale of these prints. ONON’s seven times average and the concentration inside CTRA point toward coordinated positioning that rarely appears without a catalyst. The way the options stack lines up against the broader tape gives me a clean structure to monitor. I am also thinking about how these flows sit beside names like MRK because rotations into healthcare can reveal where capital wants stability. Your takeaway on velocity spikes helps reinforce the broader pattern forming in this session and adds clarity to the intraday flow narrative.
  • Hen Solo
    11-13
    Hen Solo
    You picked up the volatility signature in CRCL and that is exactly where I see the inflection. The split between puts and calls is balanced enough to keep the door open for expansion. LPTX’s anomaly makes the signal even clearer because micro caps do not post numbers like that without intention. I am also studying how ONB’s fifty times average ties into the wider theme because these volume shocks often cluster. Your chart focused angle helps connect flow pressure with the setups forming across the C group and beyond.
  • Kiwi Tigress
    11-14
    Kiwi Tigress
    I’m honestly still thinking about how heavy that CTRA flow looked. That kind of volume doesn’t show up on a normal day. It kinda sets the whole tone for the session. The way CRCL and BBAI lined up after it makes the whole thing feel connected. I’m not saying it means anything on its own but it does change how I read the rest of the list. It’s wild seeing ONON print seven times its usual volume too. When that many names stack up in the same session it makes me want to watch the next few days way closer.
  • Queengirlypops
    11-14
    Queengirlypops
    This whole C cluster feels like it just lit up the board. CTRA was a total beast with that call stack and then CSCO followed with that huge skew. CRCL and BBAI both looked like they were ready to break out of their normal ranges. ONON’s spike was insane too and it made the whole list feel charged. This kind of tape makes the next sessions feel way more interesting than usual. I’m keeping this one in my notes because it looks like the start of a real setup.πŸ§ƒ
  • PetS
    11-14
    PetS
    πŸ“Œ I appreciate the way you pointed out the structural quality of these flows. You are right that CTRA and CSCO set the tone but the quieter names like EQT and KR confirm the depth of accumulation. The diversity of sectors adds credibility because it is not one theme driving the movement. I am also paying attention to how defensive shields like REGN fit into the same session. Your interpretation of the overall landscape shows a good understanding of how multi sector flow builds momentum and shapes opportunity.
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