Unusualwhales Newsletter

Substack by Unusual Whales · launched Jan 11, 2023

A newsletter about financial markets, equities, derivatives, options, and macro topics. Subscribe to learn how markets work and how to trade them for free every Wednesday, as well as a market update and outlook every Sunday!

Top in Finance
#6
Paid leaderboard
#434
Paid subscribers
100+ paid
Badge
Bestseller 100
Followers
441K
Paid plan
$10/mo
Recommends
0

other newsletters

Podcast
Yes

What they write about

An options education series working through strategies from long calls and puts to vertical spreads, backspreads and short positions, with an emphasis on risk and maximum-loss mechanics. Also carries announcements about the Unusual Whales platform and its ETF partnerships.

  • options
  • derivatives
  • options education
  • spreads
  • risk management
  • etfs

Recent examples: Spotting Gamma Exposure Setups · The Sale Is Coming From Inside the House!!!

Written from Unusualwhales Newsletter’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.

Most-mentioned tickers

Symbols named in the headline of a post from the last 30 days, most-covered first. The number is how many of those posts mentioned it.

PLTRPURR

Read from 2 post headlines in the last 30 days. A newsletter that names a company only in the body of a post will not appear here, and a mention is not a recommendation — it only means the symbol came up.

Growth history

Subscribers (thousands, nightly)

418K on Sep 10, 2026 → 411K on Oct 21, 2026

Followers (thousands, nightly)

Rank in Substack’s finance leaderboard: #6 today · #5 a week ago · #6 a month ago

Stats worth sharing

Tracked since Sep 10, 2026 — 62 daily snapshots so far. The card below is built from what we track and refreshes nightly.

Percentile
Top 2%

of 525 ranked finance newsletters

Best rank seen
#5

on Nov 7, 2026

Rank, 7 days
−1 place
Followers added
+4.8K

since tracking began

Posts
9

last 30 days

Reactions per post
28

average, recent posts

Reactions tracked
800

across 29 posts

Tickers covered
8

in tracked posts

Most-reacted post we have seen: Options Basics for Beginners: Long Calls and Long Puts — 84 reactions on Aug 20, 2026.

Unusualwhales Newsletter — rank, subscribers and growth, tracked by Stock Market Watch
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Recent posts

  • Spotting Gamma Exposure Setups

    paid partnership with tastytrade Hey all! Nicholas from the Unusual Whales team, here! This week for the live trading examples write-up, I want to spend less time walking through every tick and more time on the gamma concepts I was using on Monday’s WhaleWatch (and, uh, ignoring on one of the trades; more on that comin’ atcha below). I’ve included clips and screenshots so you can see how they played out live. Before we get started, WhaleWatch Mondays are sponsored by tastytrade ! All charting and tooling we use to trade futures are provided by tastytrade ; more on that below! Positive vs…

  • The Sale Is Coming From Inside the House!!!

    Just when you thought it was safe to check your inbox… weeeee’re back Every good horror movie gets a sequel, and so does our Halloween Super Sale . All of our plans are still 20% off , but not for much longer! Subscriptions change back from princess carriage to pumpkin on Sunday! We’ve shipped a hell of a lot of new stuff this year, and one of our favorites is Mr. Whale, our AI analyst and trade finder. We asked him something a little more pressing than the other day: what costume is the stock market wearing this Halloween? Mr. Whale comes with every paid Dashboard plan , so while you’re busy…

  • $PURR Calls Up 118% Overnight: Someone Front Ran the News AGAIN!

    sponsored by Interactive Brokers Hey all! Nicholas from the Unusual Whales team here, comin’ atcha with another set of unusual options activity caught by the Unusual Whales community this past week! This particular flow example came in on PURR and was caught live by the Unusual Whales Discord server and covered by team member snorlax_uw on his Office Hours stream! Before we get started, this issue is sponsored by Interactive Brokers ! If you’re gearing up to learn options and take the leap into trading, take a quick second to check Interactive Brokers out ! Their platform allows you to write…

    PURR

  • Super Spooky Super Sale!!!

    It’s alive! Our Halloween Super Sale is here, and all of our plans are 20% off. That’s Dashboard, API, and Bundle plans; across the board . Most of what we’ve shipped this year is about doing more with the data than scrolling a feed, so this sale leans that way too: build your own tools with the API, plug our data into your AI through MCP, ask Mr. Whale for trade ideas, and see where market makers are positioned with GEX. Build your own monster Dr. Frankenstein had to dig up some spare parts, and he’s been SLACKING, folks. Pick up where Frankenbro failed; all you need is an Unusual Whales API…

  • Calling the Top with Gamma Exposure on Unusual Whales

    paid partnership with tastytrade Hey all! Nicholas from the Unusual Whales team, here! Monday was a bit of an experiment. I almost always trade the micro NASDAQ, but Anthony and I have been covering the potential to utilize SPX market maker exposure on Unusual Whales Periscope True GEX. So we spent the whole futures episode on micro ES (/MES) shadowing that price action. Before we get started, WhaleWatch Mondays are sponsored by tastytrade ! All charting and tooling we use to trade futures are provided by tastytrade ; more on that below! Using just one contract, $5 a point, nothing crazy and…

  • Options Flow Filters: Keeping It Simple is OK!

    Hey all! Nicholas from the Unusual Whales team, here! A while back we went through how to build an Interval Flow filter from scratch; we grouped transactions into 5 minute windows and stacked a bunch of criteria on top of them to find ask-side flow with a good chance of being opening trades. That filter still does its job, but it has a lot of moving parts (Ask %, % Multi, Interval Vol > OI, Total Vol > OI, etc.). While super specific flow filters can be helpful if you already know exactly what you’re looking for, not every filter needs to be in depth and complicated. Simple filters that cut…

  • Gamma Giveth, and Gamma Taketh Away: Trading Futures with GEX

    paid partnership with tastytrade Nicholas from the Unusual Whales team, here with another set of examples of how we use Unusual Whales tools to trade futures on our trading show, WhaleWatch! Before we get started, WhaleWatch Mondays are sponsored by tastytrade ! All charting and tooling we use to trade futures are provided by tastytrade ; more on that below! Trade 1: Stair-steps Monday’s open was… not particularly what longs wanna see. NQ dumped right off the bell and then spent the next twenty-something minutes putting in lower highs, and by 9:56 ET Market Tide had net call premium sitting…

  • Tesla Earnings this Week + More!

    sponored by Interactive Brokers Before we get started, this issue is sponsored by Interactive Brokers ! Take a moment to check them out and see how much you could save on margin interest by switching to Interactive Brokers ! sponsored by Interactive Brokers In the meantime, here is what that looked like in the S&P 500 heatmaps : Below you can see all company earnings at https://unusualwhales.com/earnings?formats=table&order=report_date&order_direction=asc&min_options_vol=500 Tuesday, October 20: Netflix (NFLX) reports after hours, with an expected stock move of $5.89, expected EPS of $0.82…

  • Unusual $PLTR Options Flow Profits 311% in TWO Days!

    Hey all! Nicholas from the Unusual Whales team here! Today we’re going to take a look at a couple of great options trades we caught live on the Unusual Whales trading show, WhaleWatch ! These flow trades serve as a prime example that not ALL good unusual options activity has to be some insider doing nefarious things in the shadows; good flow can be found without the fanfare. Both of these positions reached decent profitability intraday, but by 10/15 (one day later), one in particular turned a pretty solid gain at highs! On to the Flows! $PLTR Over +311% in Two Days The first bit of flow we’re…

    PLTR

  • Did Someone Know? Trader Front Runs $OPCH News for $1.2 MILLION in Profit

    paid partnership with Interactive Brokers Hey all! Nicholas from the Unusual Whales team, comin’ back atcha with yet another example of… let’s just say, well-timed options activity; this time in Option Care Health, $OPCH, that showed up about three weeks before McKesson and private equity firm Clayton, Dubilier & Rice agreed to acquire the company for $5.8 billion. Before we get started, this issue is sponsored by Interactive Brokers! More on that in another issue; stay tuned! paid partnership with Interactive Brokers Back on September 16th, roughly 3,000 contracts of the January 15th, 2027…

    OPCH

  • Just Get On Base: Stacking Small Wins After a Rough Week

    paid partnership with tastytrade Hey all! Nicholas from the Unusual Whales team, here! Last week we talked about coming back from a losing streak , and why chipping away at it is a hell of a lot safer than trying to make it all back in one trade. This week we’ve got a couple of examples of what that actually looks like in practice, both from last week’s show. Before we get started, WhaleWatch Mondays are sponsored by tastytrade ! All charting and tooling we use to trade futures are provided by tastytrade ; more on that below! Taking the base hit Nasdaq flushed pretty hard right off the open…

  • How do I find "Unusual" Options Flows?

    Hey all! Nicholas from the Unusual Whales team, here! This week, we’re bringing some useful information regarding options flow, and the different types of flow screeners available to you at Unusual Whales. So pull up and dive in; very useful information and insight from UW team member Snorlax_UW ! How do I find “Unusual” flows? There are many ways to go about analyzing options flow. It’ll take some screentime to figure out which methods work for you and which don’t, but hopefully this guide can help get you started. Preset Filters Many of the feeds across the site have built-in preset filters…

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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Unusualwhales Newsletter. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Nov 10, 2026.