GS Calls
- Thread starter vanzandt
- Start date
Robert Morse
Sponsor
Was it part of a spread or paired with stock? They are 20 points OTM. What do you think?
This one is beyond me Bob.
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Robert Morse
Sponsor
I think that sometimes we forget that what is large for us is just another trade to a large hedge fund.
When I was on the AMEX, a customer would come in and do a 3 ways spread in a Utility with 250,000 options per side. They rolled the spread a few times. Meant nothing to me because I have no idea what their stock position was. The trade was crossed clean each time.
When I was on the AMEX, a customer would come in and do a 3 ways spread in a Utility with 250,000 options per side. They rolled the spread a few times. Meant nothing to me because I have no idea what their stock position was. The trade was crossed clean each time.
Just looks like a covered call in someone's half billion position...did you have the time of the trade?
I guess. But $20 OTM?
You know more than me.... I do know that.
I sure as hell wouldn't short it next week either way.
Fed surprise?
Robert Morse
Sponsor
OK. this is YTD GS. If you had to make a trade, would you:
Buy GS and sell Sept 15th 250 Calls 1x1
Buy GS and sell Sept 15th 250 Calls Delta Nuetral
Buy GS Sept 15th 250 Calls naked
Sell GS Sept 15th 250 Calls naked
I had to guess, this was a bet that GS would not trade above 250 by September.
Buy GS and sell Sept 15th 250 Calls 1x1
Buy GS and sell Sept 15th 250 Calls Delta Nuetral
Buy GS Sept 15th 250 Calls naked
Sell GS Sept 15th 250 Calls naked
I had to guess, this was a bet that GS would not trade above 250 by September.
It was a 10k buy (buy is my assumption based on the price move), so I suspect this has the market makers way short...they'll be buying up GS to hedge this of we get close.
