QuantInsider
$SPXS popping off with a 5.8% jump over the last five sessions, up 1.8% today
Macro risk-off vibes with oil over $100 and inflation data in play
Traders are split, seeing short-dated calls at $25.5 for 9/11 and 9/18, around $149k premium
They’re betting on quick upside
But check out the late-October $24 put sweep
Nearly 2k contracts bought, $177k premium
Looks like some are hedging for a drop by then
Seems like the move is short-term plays here
Price is extended, so maybe avoid big directional bets
Stick to volatility trades for now
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