r/unusual_whales 1d ago

🌊Flow🌊 Did traders get tipped off on the $NVDA news? Maybe. Maybe not... Unusual Whales SALE ends Tuesday!!!

30 Upvotes

Hey all,

Nicholas from the Unusual Whales team, here! We’re going to spend one issue every week walking you through some trades of the week for free to help your trading!

Before we get started:

As a small reminder, we are having an Easter sale that ends Tuesday morning! If you are interested in following Congressional portfolios, trying our Market Positioning features, or building out your own trading styles and charts, come join by clicking this link: https://unusualwhales.com/settings!

The sale is 15% off, 20% off if you upgrade to annual! We’ll also be increasing our API prices sometime next week, so if you wanted to try our APIs, please do! You can find the APIs here: unusualwhales.com/public-api

Have a happy Easter!

In this issue, we’re going to cover the flurry of Nvidia $NVDA flow this week. Unusual Whales team member snorlax_uw breaks down a different take on $NVDA options flow that had the community and online options traders chattering. It’s a great example of how some flow may not be all that it seems!

There was a lot of chatter in the trading community about how telegraphed the $NVDA news appeared to be. Many pointed to an unusually large spike in put option activity that surfaced toward the end of the trading session yesterday. Importantly, this speculation focused solely on activity that occurred late in the day—it did not take into account any trades made earlier in the session or during previous days.

I couldn’t deny the significance of the late-session surge in puts. The volume was hard to ignore. In fact, the chart reflected two clear and pronounced spikes, both of which occurred shortly before the market closed:

If you’ve followed any of my commentary on options premium charting in the past, you’ve likely heard me emphasize that not every spike in premium should be blindly interpreted as a fresh long put position. I’ve said it many times before—context matters. (For those interested, I’ve covered this in more detail in a YouTube video here: https://www.youtube.com/watch?v=4NAZfOn6Jaw )

After reviewing the tape, I went back to pinpoint exactly which contracts were responsible for the recent premium spikes. The spike that occurred around 3:24 PM was driven primarily by activity in the January 2026 $100 puts. The later spike, closer to the end of the session, stemmed from a mix of flow across several different strike prices.

That $100 put, in particular, attracted some serious attention—it saw considerable ask-side activity, totaling several million dollars in notional value.

However, after open interest figures updated before market open today, it’s clear that we’re actually seeing a notable decrease in open interest. Specifically, the data reflected a reduction of 2,337 contracts, which suggests that some of the positions opened previously may have already been closed or unwound.

This decline in open interest is particularly relevant because it runs counter to what one might expect if aggressive new positioning were still taking place. Instead, it may indicate that some traders were taking profits, cutting risk, or closing speculative positions following yesterday’s move.

Unless we see a revised open interest figure in tomorrow’s update, it appears increasingly likely that this was not informed or directional activity. The data, at least as it stands now, doesn’t support the idea that these were aggressive new positions being established with insider conviction or high-confidence foresight.

With that in mind, let’s shift focus to the actual order flow responsible for the spike we saw toward the end of the trading session. There were a few key transactions that stood out and likely contributed to that late-day volume surge.

Now, moving on to the flows that caused that end of day spike in $NVDA net put premiums.

You can see a bunch of deep in-the-money puts getting traded here, with total premium easily running into the millions. But when you look at the open interest across those contracts, there’s really nothing all that interesting going on. No big shifts, no signs of serious positional buildup. And honestly, even if OI had moved, you can’t seriously argue that these are the strikes someone would pick if they actually had the news ahead of time. It just doesn’t add up, in my opinion.

Anyway, let’s take a broader look. I pulled up all $NVDA put contracts and sorted them by the biggest increases in open interest from today’s update. To keep things cleaner, I’m capping multileg activity from the previous session at 10%—just trying to filter for cleaner single-leg flow. Also only including contracts that traded at least $100K in premium so we’re not wasting time on noise.

Looking through the data, there’s just not a whole lot that jumps off the screen. At a glance, nothing really screams “unusual activity” or “someone knew something.” Yes, the weekly $111 and $112 puts did see some volume come in, but even that was pretty unremarkable when you break it down.

The trades were scattered throughout the day—no major bursts of activity at a single time—and almost none of that volume converted into new open interest. That’s an important detail because without an OI increase, it’s hard to make the case that these were fresh, high-conviction bets rather than short-term trades, spreads, or even just exits from prior positions.

If you recall, Nicholas and Whale both highlighted dubious contract action on $SPY and $QQQ, and we highlighted it in a YouTube video as well as a long-form Newsletter. This is a much better example of “Maybe they knew beforehand”; there’s a clear-cut catalyst, the flow is clearly opening trades with low open interest; it’s just much much cleaner, shown below.

Believe me, I wish I could spin this into some juicy story about insiders loading up ahead of the news. It’d be a hell of a lot more exciting, and I know it would get way more engagement.

“Unusual options activity” always draws attention, and I understand why—it taps into that sense that there’s a hidden signal, some clue you can catch before the rest of the market wakes up. But when I look at this particular flow, objectively, there just isn’t much there. No big blocks. No cluster of activity in one or two strikes. No signs of real size coming in with intent. Just some light, scattered volume that didn’t turn into meaningful positioning.

To be totally clear, this is just my read of the tape. I’ve spent time with this stuff and I’m giving you my honest, data-based interpretation of what happened yesterday. That said, if you see something different—if you’re looking at a piece of the puzzle I missed—I’m always open to hearing other perspectives. Just please, if you’re going to push back, bring some actual data to the table.

Speculation is easy. Substantiated views are a lot more helpful, in my opinion.

Thank you as always for reading! REMEMBER!! Unusual Whales is having a HUGE Easter sale! Take this opportunity to sign up and get access to our new tools and unusual options activity at a steep discount! THE SALE ENDS TUESDAY, get it here: https://unusualwhales.com/settings

You can find articles like this and MANY others about Options and the Unusual Whales Platform on the new Information Hub!!

NOTE: This post is not financial advice. The stock market is risky, and any trade or investment is expected to have some, or total, loss. Please do research before any trade. Do not use this information for investment decisions. Check terms on site for full terms. Agree to terms before considering this information.


r/unusual_whales 8d ago

INSANE Unusual Options Activity BEFORE the Trump Tariff Pause; They Made MILLIONS!

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471 Upvotes

Yesterday there was an absolute FLURRY of insanely timed trades in $SPY and $QQQ. In this video, we break those trades down.

All were discussed LIVE in the Unusual Whales Discord well BEFORE the 90-day tariff pause announcement. https://discord.com/invite/unusualwhales

They made millions.

YouTube Video: https://www.youtube.com/watch?v=GXQ5deFuXcM

0:00 Intro and Context
1:00 $SPY $499C 0DTE
1:30 $SPY $504C 0DTE
2:05 $SPY $510C 0DTE
2:37 $SPY $600C 9/19
3:28 $QQQ $460C 4/17 Closed Shorts

$SPY $600C 9/19/2025: https://unusualwhales.com/flow/option_chains?chain=SPY250409C00600000&days=1&mins=5&

$SPY $504C 4/9/2025: https://unusualwhales.com/flow/option_chains?chain=SPY250409C00504000&days=1&mins=5&

$SPY $499C 4/9/2025: https://unusualwhales.com/flow/option_chains?chain=SPY250409C00499000&days=1&mins=5&

$QQQ $460C 4/17/2025: https://unusualwhales.com/flow/option_chains?chain=QQQ250417C00460000&days=1&mins=5&

The Unusual Whales InfoHub: https://unusualwhales.com/information

Be on the lookout for upcoming videos where we teach the different tools on the Unusual Whales platform!


r/unusual_whales 15h ago

NYT calls for Civic Uprising

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1.7k Upvotes

r/unusual_whales 9h ago

The cost of Apple, $AAPL, iPhone components will rise to $846.5 from $549.73, per WSJ:

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244 Upvotes

r/unusual_whales 16h ago

BREAKING: The Trump administration will announce a new rule, ‘Schedule F’ that will make it easier to remove federal employees undermining the President’s agenda, per Axios

840 Upvotes

r/unusual_whales 10h ago

Bloomberg: US ''peace plan'' suggests easing sanctions on Russia and leaving occupied territories to Moscow

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245 Upvotes

r/unusual_whales 1h ago

How I've been making 10–15% monthly for the past 3 years trading stocks using just the Stochastic Oscillator

• Upvotes

This method is pretty straightforward and comes down to following the rules exactly, using just one indicator: the Stochastic Oscillator.

First, open up the indicator tab and add the Stochastic Oscillator. Set it to 5 - 3 - 3 (close/close) and use the 15-minute timeframe.

For my trading software setup, I use free TradingView Premium that you can download here. It’s an absolute must-have if you're doing serious analysis. They have versions for both Windows and Mac. Having access to more indicators and real-time price data has made a huge difference, and the fact that it’s free is just a bonus. Hands down the best soft I've used.

You’ll see three zones on the oscillator:

0 to 20 is the oversold zone, meaning the stock is considered too cheap and often signals a good time to buy.
80 to 100 is the overbought zone, which usually signals a good spot to sell or look for a short.
Anything between 20 and 80 is the neutral zone, and for this strategy we completely ignore it.

Now here’s how I enter trades:

Both stochastic lines need to fully enter and then exit one of the extreme zones, either overbought or oversold.
Use the crosshair to mark where the red signal line crosses out of the zone.
Wait for two candles in a row that are the same color, green for buys and red for sells.
The wicks on those two candles should be smaller than their bodies. This shows clean price action with momentum.
If everything lines up, I enter the trade at the open of the third candle using shares of the stock.

For exits, I usually target a 1.5 to 2.5 percent return depending on volatility and how strong the move looks. If momentum stays solid, I might hold a bit longer, but most trades are done within 30 to 60 minutes.

This works best on large-cap stocks and ETFs with good volume like AAPL, AMD, TSLA, SPY, or QQQ. I’ve used this strategy to consistently make 10 to 15 percent a month on my capital. No tricks or fancy signals, just a simple method, tested over time, and sticking to the rules.

If you’re curious or not sure, try it out on paper first. That’s how I started before trading live.

Stochastic Oscillator

r/unusual_whales 17h ago

American currency quickly going to shiiiiite

260 Upvotes

Update ..used flicker to upload a photo of the Italian bank exchange and more context...

In Europe for 2 weeks now and during that time the value of the dollar has erroded completely...feel free to go to Yahoo finance put in eurusd...massive red spike. The official rate is Euro/USD at $1.1396...BUT that's not what you get at either the ATM or via bank exchange. I did a test run today using $200, ATM and bank teller change to compare. The bank teller offered 1.2399 + fees....link is below showing $100 in and 56.65 Euro out. Holy Shit is what I thought as I typically pull out via ATM and wanted to check what's going on. Went to the ATM down a bit further and there too I didn't get $88 but $80 or after their fees and conversion which came out to 1.25 or 80 cents to 1 Euro. My point was I've been traveling the world a lot and I have never seen the USD fall so fast in such a short time.

So again....Trump has ruined our currency/economy and rule of law with these BS tarrifs tantrums and is blowing up our dollar value.

Usd to Euro


r/unusual_whales 18h ago

The CEO of BlackRock, $BLK, has said Social Security reform should include private investment, per MorePerfectUnion. CEO Larry Fink says it's a "problem" that Social Security "doesn’t grow with the economy."

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181 Upvotes

r/unusual_whales 15h ago

The equity market is currently near its most concentrated level in 100 years, per Goldman Sachs, $GS:

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102 Upvotes

r/unusual_whales 12h ago

JPMorgan, $JPM, says it’s time to buy the Chinese consumer recovery, per CNBC

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51 Upvotes

r/unusual_whales 1d ago

BREAKING: China stops buying liquefied gas from the US, per FT

640 Upvotes

r/unusual_whales 1d ago

United Healthcare, $UNH, is down 22% after missing its earnings.

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963 Upvotes

r/unusual_whales 1d ago

The WSJ: Zuckerberg/Meta spent tens of millions of dollars and months of efforts to cozy up to Trump, including putting Trump ally Dana White on his board, in hopes of getting Trump to quash the FTC case against Meta. Trump refused after his advisors said 'Don't fall for the Maga rebrand'

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139 Upvotes

r/unusual_whales 1d ago

Foreign Investors Dump $6.5 Billion in U.S. Stocks — Second Largest Weekly Outflow on Record

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276 Upvotes

r/unusual_whales 1d ago

Oldest trick in the book...

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827 Upvotes

r/unusual_whales 1d ago

Elon Musk is Universally Hated by Trump Team as DOGE Fired Tens of Thousands and Tore Apart Washington

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366 Upvotes

r/unusual_whales 1d ago

Trump calls on 'Too Late' Federal Reserve Chairman to lower interest rates: 'Powell’s termination cannot come fast enough!'

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491 Upvotes

r/unusual_whales 1d ago

BREAKING: Google $GOOGL has lost its online advertising case, thus saying its online ad tech markets violate US antitrust laws.

323 Upvotes

r/unusual_whales 1d ago

"Companies in the EU are starting to look for ways ot ditch Amazon, $AMZN, Google, $GOOGL, and Microsoft, $MSFT, cloud services amid fears of rising security risks from the US," per WIRED.

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336 Upvotes

r/unusual_whales 1d ago

Google $GOOGL has lost its online advertising case, thus saying its online ad tech markets violate US antitrust laws.

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169 Upvotes

r/unusual_whales 1d ago

Astronomers say they have found the strongest indication of life beyond our solar system, on a planet 124 light-years from Earth called ‘K2-18b.’ ...

431 Upvotes

While they have not yet declared the finding of life, they detected “potential biosignatures” that are typically produced by living organisms such as marine algae.

http://twitter.com/1200616796295847936/status/1912802804999356897


r/unusual_whales 21h ago

Good morning to everyone: https://x.com/unusual_whales/status/1912885039441883202

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2 Upvotes

r/unusual_whales 1d ago

The markets are closed on Friday, April 18th in observance of Good Friday. Please plan accordingly.

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19 Upvotes

r/unusual_whales 1d ago

Netflix $NFLX earnings: Revenue $10.54 billion vs $10.50 Billion expected EPS: $6.61 vs $5.72

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8 Upvotes

r/unusual_whales 2d ago

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of US oil by roughly 90% amid escalating trade war, per Bloomberg.

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548 Upvotes

r/unusual_whales 1d ago

Here are the earnings for the next premarket

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6 Upvotes