The bearish side of the board
Good morning.
One thing people assume about options flow tools: they're built for bull markets. Options Recon isn't.
The board follows whichever side holds at least twice the big-order money on a ticker. When that's puts, you see puts.
Monday, July 21. Someone swept $2,855,245 into the META $625 puts at an average of $24.30.
Within nine days META was down 18.5%, and those puts were up 296%.
A sweep means the order took every contract available across exchanges at once. You only do that when you want in right now. It's the strongest urgency tell on the tape, and every card on the board shows whether its orders swept.
Up markets, down markets, sideways weeks: the board simply shows you where the biggest one-sided bets are.
| See today's board → |
The Find Better Trades Team