🚨CRUCIAL🚨 Options Flow Concepts You NEED to Know to be a Better Trader — Transcript

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1. 0:05B2 says that PDD order that just popped
2. 0:07up PDD 129
3. 0:10weekly do we see it in the
4. 0:12feed PDD do we see in the feed if I type
5. 0:16in PDD does it show up it does all right
6. 0:19so we
7. 0:20see the 129
8. 0:23weeklys with the stock trading at like
9. 0:27121 two pretty big trades let's see what
10. 0:31happened around
11. 0:33it it's hard to say so I'm like I'm
12. 0:36looking for
13. 0:38fills like around the large fills so let
14. 0:42me see here so like we have these two
15. 0:43big ones right here so
16. 0:46like uh mean if you if you add that up
17. 0:48that that that's like a pretty round
18. 0:50number right so what is that
19. 0:52zero so it's
20. 0:56z0 n that's 9,000 exactly right or no
21. 1:00it's 10,000 exactly excuse me 10,000
22. 1:02exactly so I guess that's their whole
23. 1:04trade I wouldn't have probably gotten
24. 1:07those I mean the spread is so wide the
25. 1:10spread is wide which is like a big red
26. 1:11flag I think just first
27. 1:13off um yeah I mean the spread is wide
28. 1:16it's a single fill so like ideally let's
29. 1:18see what other
30. 1:20flows I got one that's got a bunch of
31. 1:22repeat hits uh exact to ask side if you
32. 1:26wanted one that's a little clean cut the
33. 1:27IV was already kind of up so there's no
34. 1:29big I jump but the the Luv $29 put for
35. 1:35417 all right so let's check this one
36. 1:39out so whereas this one has like there's
37. 1:41multiple fills going
38. 1:43on the PDD like we just looked at it was
39. 1:47like a singular fill on like a
40. 1:49singular Tim stamp so here we
41. 1:52see there's a lot of there's you know
42. 1:55there's more than one participant let's
43. 1:57say so let me just see as much much as I
44. 2:00can of this all right so we see
45. 2:02literally every single transaction every
46. 2:05single execution I should say so each
47. 2:07line of the flow is an execution and an
48. 2:11exchange but multiple lines can be one
49. 2:16trade so
50. 2:18like
51. 2:20from 1455
52. 2:2222 so like up to here this is probably
53. 2:26definitely one
54. 2:28Trader but then there's also some stuff
55. 2:31like immediately not immediately but
56. 2:34there's a lot of activity afterwards so
57. 2:36I don't know don't know if it's
58. 2:37necessarily the same person but there's
59. 2:39a lot of other things going on here
60. 2:42ideally the like I
61. 2:44so I think the time stamps are like the
62. 2:47most effective when you have like a 1455
63. 2:5029 and then like a
64. 2:5314553 like right like a second after or
65. 2:55like two seconds after um because then I
66. 2:59feel like the change in IV is a little
67. 3:01bit more meaningful whereas here there's
68. 3:03like a five minute Gap so like here we
69. 3:05have like a 255 fill here then it's at
70. 3:083:00 military time
71. 3:103:00 then in another five minutes it's
72. 3:12weird how it's like little five minute
73. 3:14things which makes me feel like it's
74. 3:15more like kind of I mean I'm just
75. 3:18talking out of my ass but like it feels
76. 3:19like it's more computery but I mean I
77. 3:22don't know who knows um love had that
78. 3:26nice call activity like what a weekish
79. 3:29two weeks ago but I think I saw someone
80. 3:33had uh someone had saw some puts maybe
81. 3:36yesterday last week or something and Dam
82. 3:39crazy says that love
83. 3:4129p there's also love
84. 3:4428p let's check that out so we got this
85. 3:47love 29p most definitely opening
86. 3:50activity given that we have 4900 volume
87. 3:53one open
88. 3:55interest
89. 3:56so unless someone's opening and closing
90. 3:59cont tracks as soon as they're doing it
91. 4:01it's all opening activity all right so
92. 4:03we've been tipped off that the love
93. 4:0528p indeed
94. 4:0828p also indeed opening
95. 4:12activity uh but less volume let's see
96. 4:19same time is I'm just flipping I guess
97. 4:22I'll go to alphabetical and flip between
98. 4:24these two okay so there's like a fairly
99. 4:26decent likelihood that they're connected
100. 4:29Maybe maybe right who
101. 4:31knows we don't I mean we maybe we'd know
102. 4:33if it was a multi- trade but for some
103. 4:35reason it's not executing as a multi
104. 4:37trade I let me let's look at the feed
105. 4:39and see if it's exactly at the same time
106. 4:41let's see I change this to
107. 4:4429 okay so they're not filling at the
108. 4:47exact
109. 4:49same yeah they're not filling at the
110. 4:52same hold 29 okay so 29 goes to here
111. 4:55okay so they're not filling at the same
112. 4:57second which doesn't confirm or deny
113. 5:01anything but so it could be some kind of
114. 5:03ratio trade I don't
115. 5:06know like again so both of the both both
116. 5:09of the flows are taking place all at the
117. 5:11ask but I'm pretty like if they're
118. 5:13related if they're a connected trade
119. 5:16they're probably not both both contracts
120. 5:18probably aren't being bought right one
121. 5:20of them is probably being short one of
122. 5:21them is
123. 5:22long but uh we don't know some team
124. 5:26contracts yesterday that
125. 5:31uh or interesting not interesting to buy
126. 5:34but just like here's like a a teachable
127. 5:36moment
128. 5:37interesting uh so it was on March 31st
129. 5:40which was
130. 5:41yesterday they were some pretty big
131. 5:43calls if I just type in 5K I'm sure
132. 5:46they'll just pop up oh maybe not maybe
133. 5:49need to be bigger uh okay so in the
134. 5:51morning 2,000 size let's go 2,000 size
135. 5:55there we go uh so this was
136. 5:57yesterday uh so yesterday at 10
137. 6:023820
138. 6:0410382 two trades at the same
139. 6:08time uh different contracts same
140. 6:11expiration different
141. 6:12sizing but the same time so
142. 6:15like
143. 6:17probably probably how much volume did
144. 6:19this thing end up with
145. 6:212400 and that one was 2800 so I mean
146. 6:24like there's it's probably the same
147. 6:25Trader right but for some for whatever
148. 6:27reason it doesn't execute as a multilook
149. 6:29tra
150. 6:30which is kind of a stumper um which I
151. 6:33guess leaves room for it to not be the
152. 6:35same Trader right but I mean like it
153. 6:37probably is I don't know it's confusing
154. 6:40you're never going to have all the
155. 6:41answers right and you don't need to have
156. 6:43all the answers just it's fine to admit
157. 6:45that you don't know what's going on
158. 6:47right don't be don't be ashamed to admit
159. 6:49that I admit it all the time I don't
160. 6:50know what's going on you know what I
161. 6:52mean it's fine