[Whale Watch] $7K NO on S&P 500 Above 6724.9999 on Mar 17, 2026 at 33c (1:09:45 PM ET)
The Trade
Someone just bet $6,592 that the S&P 500 will NOT be above 6,725 on March 17, 2026 at 2pm EDT. That’s 19,975 contracts at 33 cents each, where 33 cents means the market currently prices about a 33% chance the index clears that level. The trade swept through in a top fill of 20,000 contracts across two prices, all at 67 cents on the YES side.
The Price Impact
Trade flow in this market is overwhelmingly NO — 97% of contracts and 97% of dollar volume have gone the bearish route. The YES price moved from 60 cents to 67 cents before this whale pushed it back, with the current bid sitting at 58 cents.
What This Market Is
This market asks whether the S&P 500 will close above 6,725 on a specific date and time next year. YES pays if it does, NO pays if it doesn’t.
The Bottom Line
A whale just paid $6,592 saying the S&P won’t reclaim 6,725 by March 2026 — and the broader trade flow agrees.
This is market commentary, not financial advice. Always verify contract terms and do your own research before placing any trades.