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![JP_Money_95630 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::280086557.png) Jim [@JP_Money_95630](/creator/twitter/JP_Money_95630) on x 4740 followers
Created: 2025-07-16 04:20:06 UTC

$SPY July 15th, 2025

💰 Premium Breakdown

Net Premium (From Chart):

Calls: -$10.7M → Net sellers
Puts: +$18.1M → Net buyers

➤ Total Net Premium: +$7.36M into puts

✅ This aligns with Grok's call: bearish sentiment in premium flow.

🧠 Notable Trades – 

Large Aug XX and Sep XX puts:

25K Aug XX $575P
25K Aug XX $565P
20K Aug XX $607P
18K Sep XX $540P
15K Aug XX $600P
10K Oct XX $555P

Implied Vols (IVs): mostly mid-teens to low 20s = hedging, not panic

Many >5% OTM puts = "crash insurance" flavor
→ Grok nails this interpretation.

⚠️ Nuance: Hedging vs. Speculation

XX% of put volume bought on the ask (buyers = demand for protection)

But also: 211K+ puts sold >5% OTM, so some dealers may be writing premium too.

This could be pre-earnings/CPI + 7/18 Put Wall risk hedges.

🔴 Puts (Red) plotted downward to highlight downside protection/hedging

🟢 Calls (Green) plotted upward to reflect bullish exposure

Data aggregates across all expirations from today's notable flow

📌 Key Observations:

Heaviest Put OI: Strikes $565, $575, $XXX

Modest Call OI: Strikes $595, $598, $626, $XXX

![](https://pbs.twimg.com/media/Gv86QdPXkAA6Hhk.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945337624295792931/c:line.svg)

**Related Topics**
[spy](/topic/spy)
[$555p](/topic/$555p)
[10k](/topic/10k)
[$600p](/topic/$600p)
[$540p](/topic/$540p)
[$607p](/topic/$607p)
[$565p](/topic/$565p)
[$575p](/topic/$575p)

[Post Link](https://x.com/JP_Money_95630/status/1945337624295792931)