Quote:
Originally Posted by Dream Crusher
An anonymous trader just sold 19,000 put options on the S&P 500 index with a strike price of 2100 dated Dec. 18, 2020. If the S&P doesn't fall below 2100 by that date then he will make $175 million in premiums.
This is a stock replacement so it's not the same level of conviction as above (in fact given how much the VIX has come in this a pretty logical play for a lot of hedgies to make right now) but still someone sold a massive block of QQQ today in exchange for 80,000 April $163 QQQ calls ($54m) and cc @OptionsHawk who is adding its one of the largest single positions he's ever seen in the ETF's options. Always fun to see what the big boys and institutions are doing...
Btw WBF it is hilarious how shuffle's post count in this thread and forum has correlated to when it was getting worse and then better again because he just dissappears. Oh wait that's right he's only on and trading when he times volatility correctly and doesn't trade other times during the year(s) lol.