Holy S*&%#
Someone just bought $18.4M worth of 11DTE $QQQ puts… $SPX $SPY pic.twitter.com/tTaMKlRAn1
— Traveller (@A_Najumi) April 6, 2026
Someone just bought $16,000,000 worth of $QQQ puts that expire in 2 weeks
I'm going to guess we don't get a US-Iran ceasefire… pic.twitter.com/JvMnswQPTk
— John Trades MBA (@JPATrades) April 6, 2026
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.