Unusual SPY $7 BILLION Worth of Dark Pool Prints

Added: 2026-06-02

[00:00:00]A very unusual 2.7 billion worth of dark pool prints at the tape at the 750 29 level here on the S&P 500 followed by 2.9 billion and 1.7 billion all at that 750 level. That's over 7 billion worth of dark pool premium which we haven't really seen in months now on the S&P 500. It's an insane amount and very telling for where the market will go from here especially paired with gamma exposure data over here. As you can see I scroll down we saw a ridiculous amount 755. There's a huge call wall level there right now 2.8 billion worth of gamma exposure followed by 1.5 billion here at 756 and another 2.4 billion at 757. So just ridiculous amounts of exposure across the board both for options order flow as well as dark pools like I just showed you. If we go over to the chart you can see here that there's been a huge breakout from this nice inverse head and shoulder here on the 15 minute. This happened mid May and ever since it's been going a lot higher. So as always we like to mark anything that's over 3 billion in overall exposure. So that's at roughly 750 30 here on the S&P 500. This is our bias point going into the week which means if there's some type of a drop from there we can see a nice bid spot around this level. That's good risk reward. Ideally something around 748 as potential risk for a long set up off of 750 30ish. So you could see something like a drop down like that followed by a bounce higher or if it were to stop out you're looking at about two to three points of risk on the stop potentially a gap fill from this nice break away gap over here at 745. So 745 acts as like the final area line in the sand. You don't want to see price fall below that. If that were to be the case very likely it falls a lot lower from there and negates this inverse head and shoulder. Otherwise this is something can see a bid from that point.

[00:01:57]So, as for price targets going a lot higher from here, 750 being a huge dark pool a level of over 7 billion is definitely substantial if it can hold going into this week. If that's the case, could see much higher especially off of such high gamma exposure into 755s. This entire area over here can be very key for bulls to hold going into the week ahead just because of the amount of exposure in the dark pools like I said as well as gamma exposure.

[00:02:26]If they're unable to hold around 748 to 746, then I like I said problematic likely going to be more of a pullback.

[00:02:34]Otherwise, it is going to continue from that point much higher. We're looking at more of a grind higher ordeal for the S&P 500 kind of like what we've seen in the past couple months so far. So, that's the key bias point going forward.

[00:02:46]I do also want to show you guys Nvidia not just the chart but also the exposure on it and kind of a a weird close to end Friday's. You can see with this candle here almost 3% down on a 15-minute candle. However, like I've been talking about now for weeks on Nvidia if we go over to the daily, huge accumulation breakout over here. You could see we had like accumulation since end of August really of 2025.

[00:03:11]And just a lot of consolidation followed by a breakout and then a retest. And this is when I started talking about it here if you remember on those videos.

[00:03:17]Perfect retest and bounce from there. It has fallen since its recent all-time high over here on May 14th. However, I still consider it to be bullish as long as it remains above 195 to 200 since that is the key previous supply zone now demand zone. So, if I go over to the flow, you can see here on Friday 8.3 million worth of call premium for the 215 strike. This was just about at the money for the July expiration. And also 9.4 million in premium for the 230. So, this is decently out the money flagged as highly unusual here on Cheddar Flow, you can see it wasn't opening order volume of 22,000 contracts is over the existing open interest of 13,499.

[00:04:00]So, huge print. Both of these are pretty big prints, especially this highly unusual one. Very bullish on both of them. And as you can see, nice put sell order here for the December expiration, 4.9 million in premium. Just across the board, 80.3% call flow to 19.7% put flow just on Friday alone. If we are to filter over 500,000 premium. So, our bulls are definitely still around. We actually saw a decent amount of dark pool activity as well, 500 million here, which is quite a bit, especially for Nvidia. You can see 500 million at this level of 211.14, and then 209 million here, 135, 175, and 435 million. So, a lot of activity on Friday all things considered heading into the end of the month of May. If we go back over here to gamma exposure and go over to Nvidia, we can see that there was a decent amount here 211, and then as well as another 230 million worth of gamma exposure both between 212.50 and then 215 over here.

[00:05:04]So, decent amount above existing spot price. So, bulls do want to get above both these levels to reinitiate a squeeze. Otherwise, likely to consolidate between like that level I showed you earlier, 195 to 200, as well as this range around 215. So, if they can get above this, there is likely to be that squeeze extension, kind of like what those bulls that I just showed you are looking for just based on that flow.

[00:05:26]And if you do want to have 15% off of Cheddar Flow after a 7-day free trial, you can use the code on the bottom of your screen. All you have to do is click the link in the description of this video, get 7-day free trial, and then 15% off afterwards. Otherwise, if we go over to flow on Tesla as well, since this one has been unusual uh recently, we can see here definitely still a lot of bull exposure. Just Friday alone was 92.0% call flow to 8.0% put flow. Can see here 1.2 million premium for the 410 strike as well as 790 million for the 445 strike out the money on both of those.

[00:06:02]And if we go back to earlier in the week as well where the meat of the prints were coming in for Tesla.

[00:06:09]You can see here still similar case 80.9% call flow to 19.1% put flow. Just a lot of bullish activity that we've had. You can see 490 strike decently far out the money for the June expiration 1.2 million in premium for that order.

[00:06:23]As I scroll down here you can see other ones as well. 736,000 for the 430 call and overall decent amount not as much as we saw the previous week since that's when we saw a lot of premium following it. However, if I go over the chart you can see here a beautiful setup. Like I told you guys very bullish retest over here in the previous video of this downtrend. It's been a beautiful balance since then and at the moment looks beautiful to continue that setup all the way up to around 455 and above there. Very likely it continues to 500 plus which would be a new all-time high.

[00:06:54]So would be a nice retest over here.

[00:06:57]Confirmation above would be perfect for an extension into the 500s. I actually think this is very possible as long as 400 continues to hold this support. Act as support when we had that retest of the downtrend. Contingent on this holding looks like it can continue with this just being a minor resistance.

[00:07:13]Bullish flow across the board past 2 weeks. I think that can uptick. That'd be a really nice sign of continuation from there. Just cuz we have a beautiful inverse head and shoulder double inverse head and shoulder that is on the current lows followed by a nice break out of the downtrend retest of the downtrend and a strong response from there. So really you're waiting for above 450 455 for this thing to really start to crank higher. I see this being very likely especially with the SpaceX IPO news coming up. Possible merger as well.

[00:07:41]Seems like Elon might have something up his sleeve for a potential merger, which would be very bullish Tesla in my opinion. So, great signs across the board in terms of the technicals on this name as well as Nvidia. And of course, both of those are large components of the S&P 500 as well as QQQ, which I'll show you here last in this video. Just an absolute ripper since those lows in March of this year. Can see realistically anything above this roughly 636, 637-ish area is bullish for continuation. We're well above there.

[00:08:11]We're at 738 at the moment. So, it seems like any pullback is a buy the dip opportunity, especially with Nvidia above its own key support zone, like I showed you earlier in the video, as well as Tesla above that 400 level. So, both look good at the moment. And should continue to go much higher from here.

[00:08:27]Last thing I do want to show you, if I go back to the flow, just a quick update on the rest of the dark pool premium levels, or at least the levels that have the highest amount of premiums. As I showed you guys, the 7 billion one earlier in the video, 1.9 billion here at 756.28. So, not that that much, all things considered. And then 1.5 billion and 2 billion here roughly at 754.60.

[00:08:48]So, of course, that is above our 3 billion mark. Anything above there I like to mark on my chart. Potential distribution, all things considered.

[00:08:55]That's why everything's contingent on that 750-ish level, kind of acting as a bias point. So, if we break down on the S&P back down to around 746, 748, like I said, that's a sign that a pullback is going to ensue. Otherwise, very likely we continue to melt up. And just a 1.2 billion here at 745. So, not as much, all things considered. However, the key to this week, and really into the month of June, is going to be this 750. Roughly 29-ish level because of all of this exposure around there. That's going to be very important for this to hold for bulls and for bears to break decisively below it if they want to start some type of pullback since we really haven't seen much of a pullback for the past couple months now.

[00:09:35]Regardless, as always, appreciate you guys watching this video. I'll see you next time.