Someone just bought $18.4M worth of 11DTE $QQQ puts

by



Looks accurate. That’s a legit Unusual Whales screenshot showing a huge volume spike (18.7k contracts) in the QQQ Apr 17 ’26 588 put today—total premium ~$18.4M paid, net negative on the flow. Classic unusual options activity alert for a bearish short-term hedge or bet. QQQ at ~$587-588 now, so slightly OTM puts. No red flags on the data.

QQQ put/call volume ratio spikes to 1.47 as traders aggressively hedge tech against the Tuesday night Iran ultimatum.

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