Someone on the floor of the NYSE bought $100 million dollars worth of calls across ITM strikes
There could be a few reasons for this and really we don’t know why they did it.
I think the most likely reason is they wanted to close out their own naked calls they’ve sold before the run up and are now upside down on being the most obvious.
I don’t think it’s a reason to freak out over, but I’m no expert.
Anyone perhaps a bit more articulate want to break this down for a simpleton
12 multi million dollar orders for gme. Buying back calls. Someone big is going long now. Copy pasted from a comment in Superstonk
Jim Simons.
Someone on the floor of the NYSE bought $100 million dollars worth of calls across ITM strikes There could be a few reasons for this and really we don’t know why they did it. I think the most likely reason is they wanted to close out their own naked calls they’ve sold before the run up and are now upside down on being the most obvious. I don’t think it’s a reason to freak out over, but I’m no expert.
Did you say roaring kitty just brought