🦸‍♂️ My ‘Smart Money’ Superpowers: Unlocking 2 of the Biggest Secrets in Options Trading 🤫

[Image] Pump Up The Volume! Here’s what’s going on in the world of smart money today! In today’s Dark Money Trades rundown: - 🤓 2 secrets to tracking ‘smart money’ flow in the options market - 💰 2 interesting ‘smart money’ bets from this morning - 🔫 Ben’s Bullets – 3 big ideas for the market this week 🌊 Dark Money Lesson: How I Use Liquidity Flow To Follow The ‘Smart Money’ 💵 You’ve probably heard about two crucial liquidity metrics for options traders — volume and open interest. In short, these figures track the liquidity flow in the options market, but in different ways… SPOILER ALERT: Liquidity flow is the backbone of my entire ‘Smart Money’ trading strategy! Let’s break it down… 🔊 How Volume Informs My Trades 📊 Options volume measures the total number of contracts that are bought and sold in a day. In other words, it’s a count of how many times a specific option contract is traded from when the market opens to when it closes. Volume is like a snapshot of trader sentiment, making it super useful for understanding the immediate action in the market. For example, if a big news story breaks and lots of people start buying a particular option, the volume for that option will shoot up. It's like a big, flashing sign showing where the action is. This is exactly how I identify ‘Smart Money’ flows using my Spyder Scanner. And if you’ve ever heard financial news pundits talk about "unusual options activity," now you know what they’re talking about… It’s all about volume. 🟢 The Differences with Open Interest 🤔 Open interest is different from volume in that it counts all the contracts that traders are holding but haven't closed yet. High open interest on a particular strike indicates that someone is holding onto those contracts for a longer length of time. While volume shows what's happening today, open interest gives you a broader look at the big picture. It tells you the total number of contracts out there, including those just sitting in someone's account waiting. It's like having two different tools: one to see what's happening now and another to see the overall trend. By understanding the difference between volume and open interest, you get a clearer picture of what's going on in the options market. Take it from me, I’ve built my entire career around liquidity flow! And speaking of liquidity, it’s time to get to… 💰The Biggest Smart-Money Bets of the Week💰 $1.23 million bearish bet on ORCL 3/15/2024 $90 puts @ $1.23 (seen on 12/13) Software company Oracle Corp. (NYSE: ORCL) reported worse-than-expected earnings on Tuesday, sending the share price down 12% on the day. Now, the ‘smart money’ is betting $1.23 million that the downside will continue and ORCL will trade below $90 by mid-March. These contracts are notable because they’re more than 10% out of the money (which is probably why the trader bought a March expiration date with 90+ days left). $551k bearish bet on UBER 1/19/2024 $60 puts @ $1.39 (seen on 12/13) Unless you’ve been living under a rock, you’ve probably heard market chatter about Uber Technology Inc.’s (NASDAQ: UBER) upcoming inclusion into the S&P 500. This is happening on Friday, and the stock has been running in anticipation of the rebalancing—up 45%+ in the past six weeks alone. But yesterday, the chart saw its first red day in five sessions, shedding 1.36% at the time of writing. Additionally, the chart is nearing a major resistance area in the low $60s. Back in 2021, UBER made its all-time high at $63, creating a big wall for the stock to crack through in that region. A certain ‘smart money’ trader is betting that Uber’s index addition could be a ‘buy the rumor, sell the news’ event. 🔫 Ben’s Bullets for the Week 🔫 3 interesting ideas I’m keeping an eye on in the market this week: - UPST 12/15/2023 $42 calls - NVDA 12/15/2023 $480 puts - SNAP 12/15/2023 $16 puts Happy trading, Ben Sturgill P.S. What if I told you there was a year-end catalyst that dates all the way back to 1925 and historically causes MASSIVE price moves … over and over again? See how Wall Street legend, Jeff Zananiri, uses a specific “3 p.m. countdown window” to target repeatable 15-20% overnight gains … [CLICK HERE TO GET ACCESS NOW!](   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. 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