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Anybody can explain the huge buy-in of C 3.0 put today?
- Thread starter mizhael
- Start date
Quote from makloda:
What kind of explanation do you think you can get? Somebody bought a ton of 3.0 puts.
Maybe somebody is short C and sold puts against his position? Hard to say if this is a directional bet.
For hedging reasons, you normally look at sell options. But this is a huge buy here...
Maybe a new long waiting last minute to buy puts at the lowest price. Justified of course by the belief on a high close with the lowest price. synthetic call.
Quote from scriabinop23:
Maybe a new long waiting last minute to buy puts at the lowest price. Justified of course by the belief on a high close with the lowest price. synthetic call.
Synthetic call, that begins to make sense, given the good news coming next Monday...
So the buy-in of the put and the stock were separate.
Why would somebody do this synthetic call stuff, instead of buying an outright call?