One has to wonder, how hard would it be for China to give a few folks a new variant, send them on their way to Europe or S. Africa.
It would be impossible to prove really. If we get another variant soon this will market will crash. People are getting sick of this crap. What better way for China to see the West collapse from within. It doesn't even have to be a nasty variant, not one that's gonna kill a bunch of people, just one that requires a new and better vax.
They could just spread their bets across all different sectors.
In addition to that trade I listed above, someone today also bought 13,750 of the Jan 21 $275 puts on the Q's, and 12,250 of the $280 puts. These were single leg trades. Granted those puts are cheap, but why?
I mean these things are only a month out. Why in the hell would someone throw money away like that? I understand it could be a hedge, but that low? Hedge against what? It would take a serious black-swan to get any return on those things.
Hmph.
Beats me.