100,000 puts on XLP. What do they know?

February 08, 2026   |   Read Online Hey [First Name], Is this the bottom? That's what my inbox looks like right now. Same question, over and over. My volatility framework has an answer: Not yet. Look, yesterday's market surge had everyone excited about buying the tech dip. But I saw the setup before the opening bell. When you've done this long enough, you recognize when the market's laying a trap. The tell? Over 100,000 XLP contracts this week. That's the staples ETF - where traders hide when they're scared. Think about it: Why would smart money buy that many puts on defensive stocks? Because they're positioned for something most traders can't see. Monday at 2PM ET, I'm doing a live Squeeze Traps training where I'll walk you through: The exact signal that says it's safe to buy Why my framework says we haven't bottomed What the options market sees that price action doesn't How to identify squeeze setups before they move Register now for Monday at 2PM ET I've been hammering this point all week: we're seeing rotation, not capitulation. The real opportunity? It comes after the washout. And I'll show you the precise signal I'm waiting for before I deploy capital. Don't miss this. Brandon P.S. Cash is a position - if you know when to use it. Register here to learn my timing process   Update your email preferences or unsubscribe here © 2026 Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. 16427 N. Scottsdale Rd. Ste. 410 Scottsdale, AZ 85254 Scottsdale , Arizona 85254, United States Powered by beehiiv Terms of Service