11.23 MILLION put contracts

Thursday was the biggest put-volume day in Cboe history

The previous record was 10.22 million on April 4, 2025.
(@CheddarFlow)

JP Morgan charts $4 TRILLION+ of off-balance-sheet obligations across seven companies

Google alone: $1.077 trillion in commitments versus $113 billion of on-balance-sheet debt and leases
(@CheddarFlow)

Only about 25% of MSCI Emerging Market stocks are above their 200-day moving average.

The chart's historical average is 56.5%
(@CheddarFlow)

A United States government assessment has reportedly linked $NVDA Chief Executive Officer Jensen Huang to an individual identified as a Chinese spy.

Insiders getting ahead of the news...WTF!
(@CheddarFlow)

$QQQ fell 6.5% in a single day on Thursday. Here's what the flow, gamma and dark pools show, plus the chart levels that matter this week:

Watch Now:
(@CheddarFlow)

Someone was buying MILLIONS worth of $NVDA puts the day before news came out that the CEO had an affair with a Chinese spy
(@CheddarFlow)

This is INSANE

On Friday, we posted this whale bought $5M worth of $NVDA puts (unusual)

later that night, news came out that the CEO had an affair with an alleged Chinese Spy

Today, Nvidia has completely COLLAPSED and that whale just woke up to MILLIONS of profit
(@CheddarFlow)

$5.3 MILLION of Nasdaq $QQQ December calls in 20 minutes 👀

$2.9M+ on the Dec 11 685 calls alone

CPI is tomorrow...
(@CheddarFlow)

This is very unusual 🚨

Someone just loaded $5.3M of $QQQ calls 20 minutes ago

But puts are STILL more expensive than calls by 8 vol points

Even on a +3% day, traders are paying up for downside protection... If those hedges come off, this squeeze could get violent
(@CheddarFlow)

Someone just DOUBLED DOWN on $QQQ Calls
(@CheddarFlow)

Someone just loaded ~$10M of $MU puts (Unusual Size)
(@CheddarFlow)

Someone just loaded $1.4M of $IREN puts in an hour
(@CheddarFlow)

Large $1M $VIX Call Detected
(@CheddarFlow)

MORE???

Non-stop $QQQ call buying all day
(@CheddarFlow)

Hedge funds have sold more AI stocks over the last 20 days than ever recorded, per Goldman

That's 6 straight weeks of selling
(@CheddarFlow)

The VIX opened Thursday at 16.6 and closed at 28.2, up +70%

Since 1990, only 2 spikes from a calmer start went further, and both ended with new S&P 500 highs
(@CheddarFlow)

Americans now see a 45.3% chance unemployment is higher a year from now

That's the highest since the pandemic, per the NY Fed
(@CheddarFlow)

Someone just bought $590K+ of $MU calls that expire THIS FRIDAY 🚨

790 contracts, 760 strike, all at the ask
(@CheddarFlow)

Someone just loaded $9.6M+ of $NVDA puts in about 5 minutes 🚨

$5.3M of it on ONE print: 1,800 Jan '28 175p

$NVDA is trading at $172 right now...
(@CheddarFlow)

$IREN has now collapsed -8%, a day after they loaded puts
(@CheddarFlow)

Incredible.

$NVDA whales have been buying MILLIONS worth of PUTS since before and even after the Chinese spy news came out

They are now up MILLIONS in profit as Nvidia prints fresh lows
(@CheddarFlow)