Daily Whale Wrap-Up: July 13, 2026

EXECUTIVE SUMMARY

• Primary Flow Sentiment: Bearish lean on broad-market indices ($SPY and $QQQ), contrasted by highly targeted, high-conviction bullish accumulation in selective single names ($SLS, $DRAM, and $EWY).
• Whale Intent: Institutional distribution and hedging dominated index products (large block activity on $SPY, aggressive sweep activity on $QQQ). Conversely, whales executed aggressive contrarian dip-buying in beaten-down single names ($DRAM, $EWY) and momentum positioning in $SLS.
• Top 3 Conviction Symbols:
  1. $SLS: 100% bullish flow ($43.09M) matching a strong technical uptrend.
  2. $QQQ: High-aggression bearish flow ($38.14M bearish vs. $21.16M bullish) with 24 sweeps, confirming a technical breakdown.
  3. $DRAM: $32.94M in bullish premium (88.9% of total flow) driven by aggressive sweep execution despite an 8.79% price drop.
• Technical/Flow Alignment: Bullish flow aligns with technicals on $SLS (strong ADX, bullish MACD). Bearish flow aligns with the breakdown on $QQQ. However, bullish flow on $DRAM and $EWY directly contradicts their bearish technical breakdowns, indicating aggressive contrarian positioning.

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TICKER DEEP DIVE

1. $SPY (Price: $751.26 | -0.49%)

• Trade Aggression: Low immediate aggression. Out of 24 bearish trades, 24 were executed as blocks and only 1 as a sweep. This concentration of block trades points to institutional hedging or structured portfolio distribution rather than panic buying.
• Sentiment Breakdown: Bearish skew of 67.7% ($48.61M bearish vs. $23.21M bullish).
• Technical Setup: Neutral RSI (59.1) with a weak bullish trend (ADX 22.0). Price is trading near the upper Bollinger Band but remains above immediate daily support at $750.23. The Supertrend indicator is bearish, and the price closed above VWAP.
• Strike Alignment: Bearish block activity focuses on protecting the $750.23 support level. A daily close below $750.23 invalidates the weak bullish trend and opens the door to the middle Bollinger Band.

2. $QQQ (Price: $715.36 | -1.40%)

• Trade Aggression: High aggression. Whales executed 24 sweeps and 35 blocks, indicating urgent positioning as the market fell.
• Sentiment Breakdown: Bearish skew of 64.3% ($38.14M bearish vs. $21.16M bullish).
• Technical Setup: The daily close at $715.36 represents a clean breakdown below key support at $719.54. MACD is bearish, Supertrend is bearish, and the ADX (18.1) indicates a weak but developing trend.
• Strike Alignment: Sweeps targeted strikes below the current price, aligning with the technical breakdown. Former support at $719.54 now acts as immediate overhead resistance.

3. $SLS (Price: $12.65 | -0.86%)

• Trade Aggression: Low immediate urgency but high institutional size. Whales executed 6 block trades and 0 sweeps, totaling $43.09M in premium.
• Sentiment Breakdown: 100% bullish ($43.09M bullish / $0.00M bearish).
• Technical Setup: Strong bullish trend (ADX 48.9), bullish MACD, and bullish Supertrend. Price is holding near the middle Bollinger Band. Support is at $12.38; resistance is at $13.25.
• Strike Alignment: The lack of sweeps suggests whales are patiently accumulating blocks near the $12.38 support level, anticipating a continuation of the strong ADX-driven uptrend toward $13.25.

4. $DRAM (Price: $57.50 | -8.79%)

• Trade Aggression: High aggression. Whales used 12 sweeps and 11 blocks to deploy $32.94M in bullish premium.
• Sentiment Breakdown: 88.9% bullish skew.
• Technical Setup: Weak bearish trend (ADX 22.1) with a bearish MACD and Supertrend. Price closed at $57.50, well below daily support of $61.64.
• Strike Alignment: Whales are fighting the technical breakdown. The heavy sweep activity indicates aggressive dip-buying, targeting a mean-reversion move back toward the middle Bollinger Band and former support at $61.64.

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MARKET OUTLOOK & WATCHLIST

• Sector-Level Flow: Broad-market distribution is evident in SPY/QQQ flow (totaling $86.75M in bearish premium). Capital is rotating defensively into idiosyncratic healthcare/biotech ($SLS) and opportunistic technology dip-buying ($DRAM).
• Key Target Levels:
  • $SPY: Support at $750.23. Resistance at $757.55.
  • $QQQ: Resistance at $719.54 (former support). Downside target at $700.00.
  • $SLS: Support at $12.38. Resistance at $13.25.
  • $DRAM: Resistance at $61.64. Downside risk to the next psychological level at $55.00.
• ATR-Based Expected Moves (Next Session):
  • $SPY: $9.20 (Expected range: $742.06 – $760.46)
  • $QQQ: $15.35 (Expected range: $700.01 – $730.71)
  • $SLS: $1.40 (Expected range: $11.25 – $14.05)
  • $DRAM: $5.32 (Expected range: $52.18 – $62.82)

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EXECUTION IDEAS

1. $QQQ Bearish Breakdown Continuation

• Setup: Short positions or put options on a retest of former support.
• Entry Zone: Pullbacks to $719.54 – $721.00.
• Target: $701.00 (aligning with the lower ATR boundary).
• Stop Loss: Daily close above $725.00.

2. $SLS Bullish Trend Continuation

• Setup: Long positions or call options utilizing the strong ADX trend.
• Entry Zone: $12.38 – $12.65 (near daily support).
• Target: $13.25, then $14.00.
• Stop Loss: Daily close below $12.00.

3. $DRAM High-Beta Mean Reversion (Contrarian)

• Setup: Long positions or bull risk reversals, capturing aggressive whale sweep positioning.
• Entry Zone: $56.50 – $57.50.
• Target: $61.64 (retest of broken support).
• Stop Loss: Daily close below $55.00.

Disclaimer: For educational purposes only. Not financial advice.

Actionable Plays

These are the contracts Whalor can track from today's flow. They are ranked by technical alignment first, then premium and recency.

Ticker	Contract	Entry	Flow	Indicators	News
$SLS	$15C 2026-09-18	$4.55	$9800000 block	trend bullish, MACD bullish, RSI 58.9, supertrend bullish, VWAP above	no linked headline
$SLS	$30C 2026-09-18	$2.00	$5750000 block	trend bullish, MACD bullish, RSI 58.9, supertrend bullish, VWAP above	no linked headline
$SLS	$30C 2027-01-15	$3.85	$1810000 block	trend bullish, MACD bullish, RSI 58.9, supertrend bullish, VWAP above	no linked headline
$EWY	$165P 2026-07-17	$4.75	$1128000 sweep, block	trend bearish, MACD bearish, RSI 45.6, supertrend bearish, VWAP below	no linked headline
$SLS	$15C 2027-01-15	$6.25	$13000000 block	trend bullish, MACD bullish, RSI 58.9, supertrend bullish, VWAP above	no linked headline

Target: +50% on the option premium. Stop: -35% from the tracked entry.

Charts

{{whalor:ticker-chart ticker="SLS" title="SLS Price Chart"}}

{{whalor:ticker-chart ticker="EWY" title="EWY Price Chart"}}

{{whalor:option-chart contract="O:SLS260918C00015000" title="SLS $15C 2026-09-18 Option Chart"}}

{{whalor:option-chart contract="O:SLS260918C00030000" title="SLS $30C 2026-09-18 Option Chart"}}

{{whalor:option-chart contract="O:SLS270115C00030000" title="SLS $30C 2027-01-15 Option Chart"}}