🐋 Whales to Watch #8 — The Ocho
A look around our Unusual Whales filters for today
🐋 Whales to Watch #8 — The Ocho
1. ON $41P 9/19/2025 (58DTE)
Volume: 12,168 contracts
Open Interest: 309 → +11,859 new contracts
Premium Spent: $486,646
Average Price: $0.40
% OTM: 31%
IV: 61%
Execution Profile: 98% on the ask, mostly before 10AM
📊 Predictive Notes:
The massive volume surge on 7/23 with low prior OI implies a fresh bearish bet.
Volume clustered tightly early in the day (institutional footprints).
No sweeping or multi-leg tags, but size alone warrants attention.
Price downtrending intra-day → indicates openers, not closers.
✅ Verdict: Strong directional put buy — likely institutional bet on downside within 1–2 months.