Deep Dive into Today's Dark Pool and Option Flow; June 15, 2026 Version 2

I am still making changes to the format of the report and emphasizing certain things. Yesterday there was too much focus on index and not enough on single names. Here is the revised report. You will note that I have changed the visual format too - less fancy but quicker for me to get out to you. Enjoy the read!

Executive Summary

Today's tape is bifurcated: aggressive institutional put-writing in Micron across Dec26 and Nov26 strikes signals conviction in a floor for MU, while simultaneous bearish risk reversals and outright put buying in the same name create a genuine two-sided war worth watching. Gold and gold miners saw coordinated floor-executed spread activity totaling over $42M across GLD and GDX, with the GLD structure combining puts sold, puts bought, and calls bought into a complex position that reads as a range play rather than a clean directional bet. COIN printed two floor-executed, stock-tied bull call spreads totaling $21.3M into Dec28 expiry, the most structurally committed crypto options flow of the session. On the dark pool side, a $500M block buy in INTC aligns directly with the $6.7M put sale in INTC Sep26 95-strike, making that name the clearest cross-signal setup of the day. Broad index ETFs saw multi-billion-dollar dark pool selling, but SPY options flow is shallow and split - no clean directional read there.