On June 28, 2022, SPY had a small gap up and then $22Million worth of SPY put options were bought and then the market tanked. Talking through this trade and why it would've put some pressure on the market.

Here's a quick video showing the trades and charts:

https://youtu.be/k6obAo16W6U

Be sure to check Episode 42 with Brent Kachuba from SpotGamma.com to learn more about the hedging impact of options flow.

Additional Resources:

Stock Market Options Trading Free Community:

https://www.stockmarketoptionstrading.net/

Stock Market Options Trading YouTube Channel:

https://www.youtube.com/c/stockmarketoptionstrading

J. Eric O'Rourke Twitter:

https://twitter.com/OptionAssassin