The Indicator from Planet Money
The Indicator from Planet Money

Do traders who place big bets make big money?

February 24, 2026

AI Summary

5 min read

🎙️ The Speakers & Context

  • The Format: Host-led investigative narrative with embedded expert interviews.
  • The Key Players:
    • Hosts: Wayland Wong (NPR Planet Money) and Ricky Mulvie (co-host of This Time Is Different podcast) – Ricky drives the "whale watching" obsession, blending finance podcast expertise with storytelling flair.
    • Guests: Amy Wu-Silverman (Royal Bank of Canada, options market analyst); Mike Co (Founder, Open Interest Pro; Strategist, Yield Max ETFs at Tidal Financial Group); Matt Sankham (CEO, Unusual Whales, tracks anomalous options flow).
  • The Vibe: Playful yet probing – journalistic hunt (Ahab/Ishmael refs) meets market skepticism, demystifying hype around big trades.

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What you'll learn

  • 1 (00:00) **🎙️ Introduction: Ricky Mulvie**
  • 2 (03:03) **Options Basics and Market Explosion**
  • 3 (04:27) **Institutional Whale Strategies**
  • 4 (06:29) **Suspicious Whale Activity**
  • 5 (08:14) **Political Bets and Insider Concerns**

+ Full timestamped outline available in the app

Show Notes

We’re going whale watching today. No, not orcas or great blues, but financial traders that place big bets on something called options. On today’s show, who are these option whales and do their bets always pay off? 

FYI, we are going on a book tour! Planet Money’s first ever book comes out in April. We’ll be celebrating in about a dozen cities. There’s a limited edition tote bag included with your ticket, while supplies last. Details, dates and how to get your ticket at planetmoneybook.com.  Related episodes: Invest like a Congress member  For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The Indicator from Planet Money