Touchless said:
So, question on this. That person paid millions in premium and we saw the sweeps come through. Clearly has lost the majority of it. Would you not also see sweeps come through again if they were to dump it and take the loss? In other words, is there a way you'd see the original buyer throw in the towel knowing they no longer think the options will make a return?
Great question. Here's the May 18 activity in that strike area right now.
There is a **** ton of movement on the 297. I want to say the volume on the transaction when noticed was 30,000 contracts? ($4.9 million). Well, there's a funny number there on the volume today, eh?
$4,900,000 / $160 ($1.60 contract execution) = 30625 contracts......
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B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3