SoftBank is the manipulator

[destriero]

I'm a little busy atm.

For real though, I would certainly love to see @Same Lazy Element 's take on this if he happens to drop in. He'll know what's what.

he's there as much as anybody.

 

[Tavurth]

@destriero seems to have ignored me lol, well let's see how the markets fare over the next few days

 

[Nobert]

@horizon

,, SoftBank is sitting on trading gains of around $ 4 billion after founder Masayoshi Son made aggressive bets
...
SoftBank’s bets were made on the instruction of Mr. Son, who lost $ 70 billion in the dotcom crash."

Thus, inflation adjusted, Mr. Son will be breaking even, by 2077.

 

[Overnight]

lol there are one or two that are smarter.

Lies! (At least in the option space, from what I have seen here.)

 

[vanzandt]

@horizon

,, SoftBank is sitting on trading gains of around $ 4 billion after founder Masayoshi Son made aggressive bets
...
SoftBank’s bets were made on the instruction of Mr. Son, who lost $ 70 billion in the dotcom crash."

Thus, inflation adjusted, Mr. Son will be breaking even, by 2077.

He lost a bunch of money on WeWork and Uber. He's no Warren Buffet that's for sure.
That said, he's no dummy either. Obviously he hired the right people.

 

[tsznecki]

You don't need to be margin called to get squeezed. Losing a bet which has probably been touted fairly well inside the company would put enough pressure for the company risk desk to disavow the trade and require covering the sold options before they became too dear.

1st, I wasn't addressing you.

2nd, not only do you misunderstand my point, you spout some garbage about Softbank covering sold options. Softbank was/is long the OTM calls not short. Keep up.

 

[heispark]

Son is a spoiled son.......

 

[Tavurth]

1st, I wasn't addressing you.

2nd, not only do you misunderstand my point, you spout some garbage about Softbank covering sold options. Softbank was/is long the OTM calls not short. Keep up.

No need to be mean!

"SoftBank bought a roughly equal amount of call options tied to the underlying shares it bought, as well as on other names, according to people familiar with the matter. It also sold call options at far higher prices."

https://www.wsj.com/articles/softbanks-bet-on-tech-giants-fueled-powerful-market-rally-11599232205

 

[Banjo]

https://www.zerohedge.com/markets/c...the+survival+rate+for+everyone+drops+to+zero)

 

[Matt_ORATS]

Below are the slope measurements of the weighted average component stocks of the Nasdaq100. ORATS slope is a measurement of the put/call tangent line, the higher the higher put IV relative to call higher strikes. It has been falling since early July and especially since 8/21/20.

For some historical context in the bottom picture, the slope has only been this low in the NDX_C components two other times since 2007, once before the GFC, and 1/28/20.

Here's the IV at the constant maturity, constant delta 30 day 25 delta divided by 75 delta showing a similar story.

We also have 5 delta and 95 delta constant maturities 10, 20, 30, 60 90 180 365 day.