$IWM’s Hedging Hurricane: Deep Puts, Block Trades & a $1B+ Risk-Off Rotation 🌪️📉🐘

Small Caps, Big Moves – Institutions Just Went Tactical on $IWM

Today wasn’t just another Monday for the small caps — it was a hedging frenzy dressed up in block trades and deep put sweeps. With $IWM stuck around $219, we saw:

🔻 Massive OTM put buying
🧱 Repeated blocks stacking at key downside strikes
🟣 Nearly $600M in dark pool volume, much of it at identical levels

👉 Below the paywall, we’re breaking down the big strikes, key prints, and what this flow might be setting up — from macro stress hedging to the next CPI fakeout.