Mar. 4 at 10:50 PM
@DonCorleone77
I have a question for @RonIsWrong or anyone for that matter.
What sense can be made of
$IBM yesterday (and maybe today since the same contracts had high volume again)
Yesterday the March 20th 300 (and close strikes) started getting hit to the tune of
$30 million in premiums. Vol 5k | OI 1K
Today? No change in OI
and another 50-80 million in premiums flip flopped.
Other than algos catching out other algos and then perhaps human intervention to reverse the positions unintentionally created by spread and order f*ckery.
How? Why?
$100M+ in premiums changing hands and as of today no change in outstanding positions created. Is this just to create big trades that throw others off or create demand where the puck will go?
Now that may change tomorrow, but the fact the OI didn’t change by a single contract on the 300P dazzled me. You’d think a retail trader or a leveraged whale would buy 1-2 cons based on criteria for their own holdings or speculation.
