[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  VolSignals [@VolSignals](/creator/twitter/VolSignals) on x 24.4K followers Created: 2025-07-07 17:31:30 UTC Since most casual observers here aren't in a position to understand any of these trade prints, I will help. In order, top to bottom: 1) Aug 6350 Calls marked BUY 177x Whether bought or sold, it was a trade where two dealers faced each other. Net, a wash (no meaning or influence on the profile) 2) July 6235 Calls marked BUY 248x Correct 3) Sep 6290 Calls marked BUY 173x Correct direction, but completely meaningless in terms of customer interest. This is one half of a combo trade, which is when the bank bringing the trade to the floor for execution includes the hedge as a synthetic (long Call vs short Put, or vice versa). This makes orderly execution possible, since it removes the delta risk of the actual trade itself for those quoting the customer. 4) Aug-1 6320 Calls marked BUY 271x Wrong - Customer sold as part of a multi legged spread (note the timestamps, which connect the legs as part of a single package order) 5) July-31 6300 Calls marked BUY 720x Correct 6) Sep 6290 Calls marked BUY XXX Again, meaningless. It's a synthetic delta hedge component. 7) Aug-1 6150 Puts marked SELL 151x Wrong - Customer bought as part of the aforementioned spread. 8) Oct-31 6500 Calls marked BUY 1,000x Wrong - Customer sold as part of the aforementioned spread. Meat of the structure was selling the July-31 6300 / Oct-31 6500 Calendar Call Spread. 9) Sep 6290 Puts marked SELL 267x Getting tiring. Meaningless combo / hedge for that spread. 10) Sep 6000 Puts marked SELL 500x Wrong - Firm/ Broker-Dealer trade was a BUY. Imagine thinking you're getting real information here. The "indicated direction" is wrong XX% of the time, and the combo legs are meaningless noise. (Qualification: I was SPX market maker for XX years)  XXXXXX engagements  **Related Topics** [tariffs](/topic/tariffs) [Post Link](https://x.com/VolSignals/status/1942275294532100262)
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VolSignals @VolSignals on x 24.4K followers
Created: 2025-07-07 17:31:30 UTC
Since most casual observers here aren't in a position to understand any of these trade prints, I will help.
In order, top to bottom:
Aug 6350 Calls marked BUY 177x Whether bought or sold, it was a trade where two dealers faced each other. Net, a wash (no meaning or influence on the profile)
July 6235 Calls marked BUY 248x Correct
Sep 6290 Calls marked BUY 173x Correct direction, but completely meaningless in terms of customer interest. This is one half of a combo trade, which is when the bank bringing the trade to the floor for execution includes the hedge as a synthetic (long Call vs short Put, or vice versa).
This makes orderly execution possible, since it removes the delta risk of the actual trade itself for those quoting the customer.
Aug-1 6320 Calls marked BUY 271x Wrong - Customer sold as part of a multi legged spread (note the timestamps, which connect the legs as part of a single package order)
July-31 6300 Calls marked BUY 720x Correct
Sep 6290 Calls marked BUY XXX Again, meaningless. It's a synthetic delta hedge component.
Aug-1 6150 Puts marked SELL 151x Wrong - Customer bought as part of the aforementioned spread.
Oct-31 6500 Calls marked BUY 1,000x Wrong - Customer sold as part of the aforementioned spread. Meat of the structure was selling the July-31 6300 / Oct-31 6500 Calendar Call Spread.
Sep 6290 Puts marked SELL 267x Getting tiring. Meaningless combo / hedge for that spread.
Sep 6000 Puts marked SELL 500x Wrong - Firm/ Broker-Dealer trade was a BUY.
Imagine thinking you're getting real information here.
The "indicated direction" is wrong XX% of the time, and the combo legs are meaningless noise.
(Qualification: I was SPX market maker for XX years)
XXXXXX engagements
Related Topics tariffs