$22Million SPY Put Order Today!
On June 28, 2022, SPY had a small gap up and then $22Million worth of SPY put options were bought and then the market tanked. Talking through this trade and why it would've put some pressure on the market.
Here's a quick video showing the trades and charts:
https://youtu.be/k6obAo16W6U
Be sure to check Episode 42 with Brent Kachuba from SpotGamma.com to learn more about the hedging impact of options flow.
Additional Resources:
Stock Market Options Trading Free Community:
https://www.stockmarketoptionstrading.net/
Stock Market Options Trading YouTube Channel:
https://www.youtube.com/c/stockmarketoptionstrading
J. Eric O'Rourke Twitter:
https://twitter.com/OptionAssassin