Unusual order flow from yesterday & monday, coupled with Delta hedging positioning for full picture

DAL: big bullish whale flow on leaps. (jan 2026)

Here we see 60C, which is 27% OTM

https://preview.redd.it/fopzi9bkdjpd1.png?width=1995&format=png&auto=webp&s=c07bd50abfc4ee3b1ebfedb489d603d7ad842da0

https://preview.redd.it/mj2lwrardjpd1.png?width=1995&format=png&auto=webp&s=e44ecd6005254209b80004d3693c98d9d5481995

Delta hedging positioning near term shows bullish ITM, calsl build on 50C.

https://preview.redd.it/96ayrrswdjpd1.png?width=1080&format=png&auto=webp&s=2f1471abbdcfd7fb821b4f05e0d1ea6522f51b85

IREN:

A number of bullish order flows. Firstly, these ITM calls with over $400k in premium.

https://preview.redd.it/08egjau1ejpd1.png?width=1783&format=png&auto=webp&s=e921e6634cd28eb41693af4f60f24b27c86cfcf1

which were added to with 513k premium here:

https://preview.redd.it/d2wi86u6ejpd1.png?width=1800&format=png&auto=webp&s=90d6c4e955f0f1fa2999c3a943cd31b0d3b6a6a3

Then we had these way OTM calls for January 2025:

https://preview.redd.it/twfhbiv9ejpd1.png?width=1802&format=png&auto=webp&s=bb5b5e47a0d7cd0cac8a4e3d0bd5407a30ca91b3

So very bullish order flow.

https://preview.redd.it/tfjjlv8dejpd1.png?width=1344&format=png&auto=webp&s=d1f58fedfd4371e086c10557a73edc44c606b31e

Delta positioning v bullish, calls built on 15.

Potential technical breakout.

https://preview.redd.it/wpodbptgejpd1.png?width=1610&format=png&auto=webp&s=6ad4fa3377b1911bb9215e478569395c21ccfe2c

JCI:

Then we have these bullish calls $1.3M in premium, so very large. 10% OTm.

https://preview.redd.it/nxdd6juoejpd1.png?width=1783&format=png&auto=webp&s=388ac8d865212a7bc5d4b9518931a85e8df57f8a

Delta hedging is supportive.

https://preview.redd.it/ep2ig5utejpd1.png?width=1346&format=png&auto=webp&s=e999cc51698a53547312915c9783e6bab24e42ee

Technicals show potential breakout soon.

https://preview.redd.it/aeamqvyrejpd1.png?width=2164&format=png&auto=webp&s=7df1abe7507aa17081e249d2566ac91438e53a11

IRDM:

This one is interesting, quite suspicious

https://preview.redd.it/9y52jmg4fjpd1.png?width=1995&format=png&auto=webp&s=d23e4ab91957902058d50fb1a75dabc5e5950ead

For april 2025, premium $153k which is quite large for this stock. WAY OTM, 41% OTM.

Here showing you Gamma hedging chart instead of delta hedgingL

https://preview.redd.it/ub2jl2ccfjpd1.png?width=1337&format=png&auto=webp&s=ba44601fd535ce8885bbfde1dee312885e826cc0

Clear potential breakout.

https://preview.redd.it/mcwngifgfjpd1.png?width=1312&format=png&auto=webp&s=c69d84469c92392b72c3f02d0a10b4e3a83b6f1b