Observed Flow
- Contract84 DTE $300.00 Call
- Execution10,000 contracts @ $13.00 (Ask)
- Quote & Spread$12.50 × $13.00 (4.0% spread)
- Net Outlay$13,000,000
Trade Idea
- Long Leg84 DTE $300.00 Call
- Short Leg84 DTE $310.00 Call
- Spread Width$10.00
- Net Cost~$3.28 ($328 per spread)
- Breakeven at Expiration$303.28
Max Risk
$3.28
Max Reward
$6.72
Max Return on Risk
204%
Observed Flow
- Contract455 DTE $250.00 Put
- Execution1,616 contracts @ $37.90 (Bid)
- Quote & Spread$37.90 × $39.10 (3.1% spread)
- Net Premium$6,124,600
Trade Idea
- Long LegDec 18 '26 (53 DTE) $410.00 Call
- Short LegDec 18 '26 (53 DTE) $420.00 Call
- Spread Width$10.00
- Net Cost~$0.82 ($82 per spread)
- Breakeven at Expiration$410.82
Max Risk
$0.82
Max Reward
$9.18
Max Return on Risk
1119%