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Brandon just caught something in today's options flow that has my full attention—and it's not what most traders are celebrating.

While everyone's fixated on Google's massive 9% gap (which might actually be an exhaustion signal), Brandon spotted institutional traders doing something far more telling:

They're simultaneously taking profits on their winning bullish trades while rolling their losing bearish bets to higher strike prices.

This isn't random repositioning. It's a coordinated message from smart money.

Here's what went down today:

• Massive profit-taking in Gold: 141,000 contracts rolled from September $320 calls to $330 calls—locking in gains while leaving a runner
• Silver follows suit: They booked $1.60 in profits per contract while rolling to October $38 calls
• Ethereum ETF: Similar roll from $38 calls to $42 calls, taking money off the table

But here's the kicker that has Brandon concerned...

At the exact same time, they're rolling their underwater bearish trades UP in strike price—and paying extra to do it. 

In EEM and EWZ, they're moving failed put positions higher, essentially doubling down on downside protection.

When institutional money takes profits on the upside while strengthening their downside bets, they're telling us something important about what they see coming.

The market's been stuck in a 200-point range for weeks with zero follow-through in either direction. 

But today's flow suggests that indecision is about to resolve itself—and smart money is positioning for the break to come from below.

Don't let Google's 9% move fool you into thinking we're breaking higher. Brandon shows exactly why this might be the classic "exhaustion gap" that marks the end of a trend, not the beginning of the next leg up.

Video Length: 00:21:43

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