Naked Option sellers are major losers today

If the OP can post the original quote - not having a paraphrase would be a help. There is no preopening option trading in the retail US. I take the comment to mean the existing short put owners are trying to get off shorts of the stock as a partial hedge. Nothing on any of the option reporting services shares this version with the exception of the services that quote the post.
 
ETJ said:
If the OP can post the original quote - not having a paraphrase would be a help. There is no preopening option trading in the retail US. I take the comment to mean the existing short put owners are trying to get off shorts of the stock as a partial hedge. Nothing on any of the option reporting services shares this version with the exception of the services that quote the post.
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Check prices in an option chain. You are right in pre-opening trading. there is no public option trading Getting short the stock in the pre-opening locks the loss in.
 
99% of market makers were not "fully hedged"....

99% of the MM were delta hedged,maybe with a short bias,but in no way were they synthetically short the call,i.e short stock,short put 1 to 1..

If you were short the wings,theres a good chance you are facing extinction

zdreg said:
re: SIVB
Massive selling of SIVB by naked put writers in pre-opening as writers know stock will be sold to them at much higher prices. Puts are likely 150 points+ in the money.
Maybe even market makers were not fully hedged. 10 naked put options would be a $150,000 loss
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