Big Trades Are In — Is It Time to Bottom-Fish Hang Seng?
$KWEB$
After breaking below its 200-week moving average, KWEB saw a few structured bullish flows — mostly hedged with puts. Target bounce zone: 32–33.
From the expiry profile, this looks like a longer-term positioning. The rebound won't happen overnight. More chop and grind lower possible. But institutions now think these levels are worth structuring hedged long exposure.
First structure: very low cost. After hedge, the call premium is just ~$0.30–0.50.
Sell put 24 $KWEB 20270115 24.0 PUT$ — 50k
Buy call 33 $KWEB 20260918 33.0 CALL$ — 50k
Second structure:
Sell put 28 $KWEB 20260417 28.0 PUT$ , Buy put 27 $KWEB 20260417 27.0 PUT$
Buy call 32 $KWEB 20260417 32.0 CALL$ , Sell call 34 $KWEB 20260417 34.0 CALL$
Third structure:
Buy put 27 $KWEB 20260618 27.0 PUT$ , Sell put 25 $KWEB 20260618 25.0 PUT$
Buy call 33 $KWEB 20260618 33.0 CALL$ , Sell call 35 $KWEB 20260618 35.0 CALL$
Charts attached.
$NVDA$
Scrolled through put flow — saw a lot of crash premium. 95 puts, 85 puts, 80 puts. Maybe some bargains next week or the week after.
Institutional call spread for next week: sell 187.5 call $NVDA 20260313 187.5 CALL$ , buy 195 call $NVDA 20260313 195.0 CALL$ .
$SPY$
Put flow: 657 put for March 9 expiry $SPY 20260309 657.0 PUT$ — 28.9k opened. Looks like Monday could open green.
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