The busiest week our feed has seen, and earnings drove nearly all of it: most flags landed on names reporting within days, the bullish side outnumbered the bearish nearly three to one, and the biggest prints came with dark pool blocks behind them. Every trade below cleared the same bar our live flow feed applies: aggressive ask-side execution and verified order sides.
Missed last week's recap? View it here.
The Week's Top Flow
$13.1M Amazon calls, backed by the dark pool
The largest print of the week: $13.1M in $AMZN calls at the $335 strike expiring January 2027 (17% out of the money), swept at the ask on Monday and backed by a $36.7M block in Amazon's dark pool the same session alongside converging bullish signals. Long-dated calls plus size in the dark pool is the convergence pattern we weight most heavily, and this one was flagged live on X the moment it converged.
$3.8M SanDisk calls the day before earnings
$3.8M in $SNDK calls at the $1450 strike expiring December 18 (3% out of the money), swept above the ask on Tuesday and flagged live on X with the earnings report one day away. Paying over the ask into a print is among the most aggressive positioning we track.
$3.3M Lumentum puts, backed by the dark pool
The tape turned on Lumentum midweek. After $4.8M in July 2027 $LITE calls swept early in the week, Thursday brought $3.3M in puts at the $930 strike expiring August 21 (9% in the money), swept at the ask, backed by a $10.5M block in Lumentum's dark pool the same session, and flagged live on X as the signals converged bearish.
Strategy Corner
The week's standout multi-leg position was a $60.2M $GOOGL call credit spread: sold the Oct $375s, bought the Oct $410s for a $21.4M net credit. It is a bearish income position that keeps the premium collected as long as Alphabet stays below $375, about 1% below the price at entry, with losses capped at $21.60 per share by the $410 strike. It expires before the October 27 earnings report, making it a run-up bet, not an earnings bet.
Runner-up: a $52.3M $PLTR call spread across the Mar 2027 $165 and $200 strikes for a $13M net debit. Both legs crossed near the middle of their quoted markets, so the tape does not show which side initiated, but the strikes are $35 apart and the risk is defined either way.
By the Numbers
| Metric | This week |
|---|---|
| Alerts posted | 48 |
| Total premium flagged | $52.3M |
| Bullish vs bearish | 35 / 13 |
| Largest single print | $13.1M AMZN calls |
| Most-flagged ticker | SNDK and LITE (3 alerts each) |
| Multi-leg strategies flagged | 20, led by $60.2M GOOGL spread |
How Last Week's Flags Resolved
We score every flag and delete nothing. From the Jul 31-Aug 6 cohort:
- $IREN 08/14 $38C · option +59.1%
- $GOOGL 11/20 410/470C spread · net +54.8%
- $ZETA 12/18 $25C · option +39.1%
19 of 51 flags closed green the next session. The number one row was flagged Monday with a $6.1M dark pool block behind it, the same convergence pattern as the Amazon calls above. Keep in mind that next-session scoring is the strictest possible window: many of the positions we flag are longer-dated, like the January 2027 Amazon calls, and are built to play out over weeks or months rather than pay off overnight. Institutions accumulating ahead of a catalyst rarely need the very next candle to go their way. Flow shows you where they are positioned; it is not a guarantee of direction, and we publish the full scoreboard either way.
The Week Ahead
Earnings from Simon Property (Mon), Cisco (Wed), and Applied Materials and Brookfield (Thu), with 131 more names on the calendar. Also on watch: a data readout from AbCellera on Monday and a regulatory deadline for AIFC on Tuesday. When flow starts printing against these events, it hits the live feed first, and you can track dealer positioning into the prints with gamma exposure.
