$SPY$
The biggest trade: 29k of the March 17th 647 puts bought $SPY 20260317 647.0 PUT$ — over $4M in premium.
March 17th is a Tuesday. Expiry like that? Only makes sense if someone's positioning for a Monday gap lower.
Trump may want a quiet runway into triple witching, but Wall Street and the political machine behind him aren’t all rowing the same boat. If shorts in the US market start stirring up trouble, hard to stop it — the payoff from a crash is just too big.
And who knows — maybe Trump himself is backing the downside. Talking stability, but betting on chaos.
$NVDA$
Same story, different week. Still betting on a pullback to 170 $NVDA 20260320 170.0 PUT$ .
The March 20th 170 put now tops the put OI leaderboard — 130k contracts and counting.
$USO$
Still no big flow. Put targets are mostly above 100. Stalemate holds.
Comments