Happy St Patrick’s Day!

I hope the market brings you plenty of green today!

I need your help with something. I will tell you exactly what that is on Friday’s email. I just wanted to give you a heads up! You don’t owe me anything. But, in exchange for you helping me move the needle on something, I’ll be sure to keep bringing top tier content and trades your way in this letter.

I hope you all have been enjoying the content! I will keep the trades, info, videos, and break downs coming your way every week day for as long as I can!

ORCL - $135P - 3/27/26 EXP

During market power hour (3 PM - 4PM) someone or a group of someones bought over $2 million worth of ORCL puts with an expiration date of 3/27. Almost all of the orders were sweep order which indicates urgency to build out the position. Many of those orders were also hitting the ask.

They snuck these orders in during the last hour of the market. There was a ton of flow today. Sorting through to find my favorite one was tough! This one ultimately made the cut due to what I found when I took a look at the gamma map.

The Gamma map is really interesting here. What we have is strong positive gamma above 155 (current price). Positive gamma above indicates stability. Basically, that means institutional dealers are going to sell shares of ORCL as it moves up. This can dampen upside movement and keep the stock trading in a range. That doesn’t mean that it can’t move up, it just means that it will require more momentum to actually make a meaningful move upward.

Where it gets more interesting is the strong negative gamma below $155 (current price). Some downside momentum could really cause it to sell off in a hurry. Particularly that -13.3M exposure at 142 could act as a magnet should we see downwards momentum.

If ORCL opens green and enters up into that positive gamma tomorrow then it’s a no trade for me.

If we get a red day and show weakness I will follow this whale’s trade and enter in on that $135 put with a 3/27 exp. The negative gamma could move it downward in a hurry and generate a nice return for us.

Ultimately, we let the direction of tomorrow dictate if this is a trade for us or not. Hopefully, we see what we need to see and can jump in and take a position on this one.

Have a great day. I’ll catch you all tomorrow.

-Caleb