AKAM — 8-Cell Money Flow Matrix (09/14 → 09/22)

Latest available data is through Tue 09/22 (no 09/23 session flow yet). Trading days covered: 7. Range totals: $2.30M unusual premium, net +$494K bullish (60.7% bullish / 39.3% bearish), bullBear ratio 1.55.

8-Cell Matrix ($K, per day)

The Read

1. Trend Direction — strongSweepNet stayed positive every single day (+$162K → +$224K → +$353K → +$46K → +$47K); zero swept puts bought all week. Zero sign flips. But bullishShare tells the momentum arc: 45% → 54% → 50% → 56% → 100% (Fri) → 85% (Mon) → 43% (today). Urgent call-buying fired mid-week; today it's the first net-negative session since 09/14.

2. Conviction Quality — Split is near even: $1.09M sweeps vs $1.21M blocks. Sweeps carried the market up (Fri 89% sweep share); today drifted block-heavy (43% sweep) = institutional, not speculative, on the latest tape.

3. Urgency Character — Sporadic, not sustained. Sweep share spiked 62% (09/15) and 89% (09/18) — the two big call-buy days — then urgency faded into the 09/21–09/22 continuation.

4. Accumulation Character — repeatShare was 92%/100% on 09/14–15 (systematic accumulation) then fell to 0% from 09/17 on — everything since is one-off/tactical positioning, not build-up.

5. Reversal Detection + Technical Confirmation — Sold premium is roughly half the tape: $877K calls sold (dominant) vs $286K puts sold. That's a two-sided reversal structure, and the charts confirm both sides:

• Put-selling (bullish floor): $82.5K block puts + $68.4K sweep puts sold on 09/14 near the $105 lows — confirmed violently. $AKAM closed $118.34 (09/22), up ~12% on 09/21 alone off the $102.61 low, reclaiming EMA8/13/21 and SMA50 ($113.72); weekly also closed above its cloud and SMA50.
• Call-selling (bearish cap): The $532K block call sale on 09/14 and $158K on 09/15, plus today's $62.7K, are institutions capping this bounce into overhead resistance: SMA100 $123.44 (daily) / Kijun-Sen $126.98 (weekly). Price closed above the Bollinger top ($115.21) and is pinned at the Keltner top ($118.13), RSI 60.6 — extended after a two-day rip.

So flow and techs agree: a confirmed bottoming reversal that's now running into its first supply zone. The sellers are betting the $118–127 region holds near-term.

6. Concentration — Whale-level, not crowd. Big cells are 1–4 trades: $532K block call sell = ~$133K/trade; $353K sweep call buy = ~$177K/trade. A handful of large players, not consensus.

7. Key Inflection — 09/18 is the turn: 100% bullish, $396K net, single largest sweep-call day of the range. Today (09/22) is the second: first net-negative day, block call selling reappearing while sweep call buying shrinks to $47K.

8. Snapshot vs Trend — Range totals say 60.7% bullish, but the last session says 42.8% bullish (−$15.8K). That divergence is the signal: stale bullish snapshot, cooling momentum at resistance. Not a reversal of the uptrend — a pause/hesitation against the $123.5–127 supply cluster.

Day-by-Day Bullish Share

The shape is clear: urgency peaked Friday at 100% bullish, and today's 43% is the first crack in follow-through — the market hit resistance and the smart money is selling calls into it. Watch whether $118–123.5 holds; a break of the daily SMA100/Kijun zone would undermine this cap.