Options Flow Trade Idea

unusual flow and trade ideas 09/13/26

DOW (Dow Inc.) Bull Call Debit Spread
Observed Flow
  • ContractNov 20 '26 (70 DTE) $32.50 Call
  • Tape Delta0.31Δ
  • Execution10,000 contracts @ $1.02 (Flat on Ask)
  • Quote & Spread$0.98 × $1.02 (4.0% spread)
  • Net Outlay$1,020,000
Trade Idea
  • Long LegNov 20 '26 $32.50 Call
  • Short LegNov 20 '26 $37.50 Call
  • Spread Width$5.00
  • Net Cost~$0.77 ($77 per spread)
  • Breakeven at Expiration$33.27
Max Risk $0.77
Max Reward $4.23
Max Return on Risk 549%
ORCL (Oracle Corp.) Bull Call Debit Spread
Observed Flow
  • ContractOct 16 '26 (35 DTE) $165.00 Call
  • Tape Delta0.34Δ
  • Execution4,241 contracts @ $6.60 (Flat on Ask)
  • Quote & Spread$6.35 × $6.60 (3.9% spread)
  • Net Outlay$2,799,000
Trade Idea
  • Long LegOct 16 '26 $165.00 Call
  • Short LegOct 16 '26 $170.00 Call
  • Spread Width$5.00
  • Net Cost~$1.75 ($175 per spread)
  • Breakeven at Expiration$166.75
Max Risk $1.75
Max Reward $3.25
Max Return on Risk 185%
BAC (Bank of America) Bull Put Credit Spread
Observed Flow
  • ContractJan 15 '27 (126 DTE) $62.50 Put
  • Tape Delta-0.44Δ
  • Execution4,546 contracts @ $3.25 (Flat on Bid)
  • Quote & Spread$3.25 × $3.30 (1.5% spread)
  • Net Premium$1,477,400
Trade Idea
  • Short LegJan 15 '27 $62.50 Put
  • Long LegJan 15 '27 $57.50 Put
  • Spread Width$5.00
  • Net Credit~$1.75 ($175 per spread)
  • Breakeven at Expiration$60.75
Max Risk $3.25
Max Reward $1.75
Max Return on Risk 54%
NVDA (Nvidia Corp.) Bull Put Credit Spread
Observed Flow
  • ContractNov 20 '26 (70 DTE) $220.00 Put
  • Tape Delta-0.48Δ
  • Execution1,402 contracts @ $13.60 (Flat on Bid)
  • Quote & Spread$13.60 × $13.85 (1.8% spread)
  • Net Premium$1,906,700
Trade Idea
  • Short LegNov 20 '26 $220.00 Put
  • Long LegNov 20 '26 $210.00 Put
  • Spread Width$10.00
  • Net Credit~$3.50 ($350 per spread)
  • Breakeven at Expiration$216.50
Max Risk $6.50
Max Reward $3.50
Max Return on Risk 54%
AAPL (Apple Inc.) Bull Put Credit Spread
Observed Flow
  • ContractDec 18 '26 (98 DTE) $315.00 Put
  • Tape Delta-0.29Δ
  • Execution1,112 contracts @ $9.40 (Flat on Bid)
  • Quote & Spread$9.40 × $9.50 (1.1% spread)
  • Net Premium$1,045,200
Trade Idea
  • Short LegDec 18 '26 $315.00 Put
  • Long LegDec 18 '26 $305.00 Put
  • Spread Width$10.00
  • Net Credit~$2.30 ($230 per spread)
  • Breakeven at Expiration$312.70
Max Risk $7.70
Max Reward $2.30
Max Return on Risk 30%
XOM (Exxon Mobil Corp.) Bull Put Credit Spread
Observed Flow
  • ContractJan 15 '27 (126 DTE) $155.00 Put
  • Tape Delta-0.46Δ
  • Execution1,200 contracts @ $6.32 (Near Bid)
  • Quote & Spread$6.25 × $6.55 (4.8% spread)
  • Net Premium$758,400
Trade Idea
  • Short LegJan 15 '27 $155.00 Put
  • Long LegJan 15 '27 $150.00 Put
  • Spread Width$5.00
  • Net Credit~$1.60 ($160 per spread)
  • Breakeven at Expiration$153.40
Max Risk $3.40
Max Reward $1.60
Max Return on Risk 47%