Put Sweeps — October 13, 2026 | Pushing Profits
Category: Put Sweeps | Date: 2026-10-13
October 13, 2026, saw heavy put sweeps in TSLA and SPY, signaling a prevailing bearish sentiment in the market.
Report
On October 13, 2026, significant put sweeps in the options market highlighted notable bearish sentiment among traders. Tesla (TSLA) saw the largest put sweep, with a $375 strike option generating a hefty $15.6 million premium, indicating heavy expectations for a downward move in the stock.
In addition to TSLA, the SPDR S&P 500 ETF Trust (SPY) featured multiple put sweeps, including a $777 strike that garnered $14.4 million and a $778 strike with a $14.2 million premium. These substantial figures suggest that traders are anticipating a decline in the broader market.
Further down the list, TSLA also saw interest in its $372.5 strike put with a $9.9 million premium, while the QQQ index recorded a $7 million premium for a put expiring today, reinforcing the bearish outlook prevailing in tech stocks. With these sizable investments, the trend points towards increased caution among market participants.
Frequently Asked Questions
What are put sweeps?
Put sweeps are large block trades in put options, executed quickly, indicating aggressive bearish bets by traders.
Why are traders interested in put options?
Traders use put options to hedge against stock declines or to speculate on falling prices, often viewing them as protective measures.
How do I interpret the premium values in put sweeps?
Higher premium values in put sweeps suggest stronger market conviction about potential declines, as traders are willing to pay more for these options.