A single massive options trade fueled a 2% positive reversal in the S&P 500 on Wednesday, says Wells

[ETJ]

https://markets.businessinsider.com...e-options-trade-fueled-surge-in-sp500-2022-10

 

[Overnight]

https://markets.businessinsider.com...e-options-trade-fueled-surge-in-sp500-2022-10

a 31 million dollar options play made all three indices pop? AAHAHHAHA!

Um, no.

Who the hell writes these articles?

 

[maxinger]

Who believes such a story?

S&P has been on the uptrend since this Monday.
DAX has been on the uptrend since this Monday.
Nikkei has been on the uptrend since this Monday.
Stoxx50 has been on the uptrend since this Monday.
etc



the up-force momentum has been rather strong.

 

[Overnight]

Who believes such a story?

S&P has been on the uptrend since this Monday.
the up-force momentum has been rather strong.

No is has not. And you'd understand this if you did not hide behind the /block function. Wussy-lala.

 

[athlonmank8]

Could've been someone trying to hedge some risk? Why would the assume this would be a purely bullish bet?

 

[guest_trader_1]

What made the reversal was the need for the liquidity providers to buy the underlying market. The options triggered it.

 

[mervyn]

I recalled there was a trade last Nov/Dec on Bloomberg that made over xxx million in short period of time, which is similar.

 

[mervyn]

Here was the trade, I posted back then.

https://www.bloomberg.com/news/arti...ered-65-million-on-stock-rebound-into-holiday

20,000 call spread.

 

[comagnum]

I wonder if that was the Powell doing the buying?

 

[GotherL]

a 31 million dollar options play made all three indices pop? AAHAHHAHA!

Um, no.

Who the hell writes these articles?

I read about that and thought the same.

But it may have been some major hand who knew something that propped others into action.