SPY 775 calls expiring Aug. 14 draw 113,000-plus contracts, position hits $35 million
The options trade was opened shortly after 11 a.m., rose as much as 100% intraday and was last showing an 80% gain, according to the post.
Fact Check
The claim faithfully reproduces the originating @unusual_whales X post (id 2084726965370749316, 2026-08-04): 113,000+ SPY 775 call contracts expiring 8/14, a $35,000,000 position opened just after 11 AM, peaking at ~100% and last showing an 80% intraday gain. As a description of what the source reported, the claim is accurate. The underlying market data reflects a single flagged trade attributed to Unusual Whales rather than independently audited exchange records, so confidence rests on faithful representation of that source.
- Reference: 1
Summary
A large options position in SPY 775 calls drew attention after more than 113,000 contracts were opened shortly after 11 a.m. for options expiring Aug. 14. The overall trade was valued at $35,000,000, according to the post, and the position climbed as much as 100% before settling at an 80% intraday gain. The activity points to aggressive short-dated bullish positioning in SPY, the exchange-traded fund that tracks the S&P 500, where leveraged options bets can amplify both gains and losses over a very short window.
Terms & Concepts
- SPY 775 calls: Call options on SPY at 775 strike
- intraday: Occurring within the same trading day
- short-dated bullish positioning: Near-term bets on prices rising