Before monthly delivery, a whale bought 500 sets of end-of-month-expiring $90K/$95K bull call spreads

Odaily reports: Adam, a researcher at Greeks.live, posted on X stating that with just over a week until monthly delivery, this small bull market has entered a quiet phase, with a large volume of trades centered around range-bound expectations. This morning, a whale actively bought 500 sets of end-of-month-expiring bull call spreads with strike prices of $90,000 and $95,000. This is a relatively rare directional trade recently, and the whale may be anticipating a final market move this month.