Hey, Brandon Chapman here.
This was one of the more significant weeks I've seen in a long time.
The Block Hunter Surveillance Console flagged a 75,000-contract block on SPY puts at the 685 strike for May 8 expiration — followed by another 60,000 contracts at the 700 put strike on the same expiration. Someone bought 50,000 Warner Brothers Discovery $29 calls for August at 65 cents — a single $3.25 million print on an active buyout target. Oracle printed 9,600 puts at the 155 strike in one trade. SMH printed 10,000 puts at the 480 strike.
On Monday morning I flagged the SMH and SOXL bearish setup. My members closed SOXS trades for 33% to 36% gains overnight.
And then there's the macro picture. The Fed delivered its most divided vote since 1992. The dollar/yen cracked 160 and triggered intervention warnings. The US 10-year crossed 5%.
I'm not going to break all of that down in an email. But on Monday at 2PM ET I'm going live to show you exactly how the Block Hunter Surveillance Console identified every one of those signals — and what the process looks like for a trader who knows how to read beneath the surface of price movement.
Add Monday's free Block Hunter session to your calendar right here
Brandon Chapman, CMT
P.S. The console caught all of it this week. Monday at 2PM ET I'll show you exactly how — add it to your calendar here.
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