Somebody blew out today

destriero

destriero

The orders were to buy vol in single name were stupid. Vol-lines up 10-20 on zero movement in shares; all upside calls. Vol-bid all session and then dumped at the close.

I've been doing this a long time and I've never seen anything like today. 2% day and wings gaining 30%. All upside call bids.
 
destriero said:
The orders were to buy vol in single name were stupid. Vol-lines up 10-20 on zero movement in shares; all upside calls. Vol-bid all session and then dumped at the close.

I've been doing this a long time and I've never seen anything like today...
More...

I heard Cramer said something similar about the markets today on his Mad Money bit, and people think he's a crackpot.

If you and Cramer are gelling on the same sentiment, about how "this time it might be different", we better cover our balls?
 
destriero said:
The orders were to buy vol in single name were stupid. Vol-lines up 10-20 on zero movement in shares; all upside calls. Vol-bid all session and then dumped at the close.

I've been doing this a long time and I've never seen anything like today. 2% day and wings gaining 30%. All upside call bids.
More...

Wallstreetbets ? That subreddit has over 1 million subscribers and can pump to crazy levels if a post gets hot. Retail never moved a market before like they can now.
 
destriero said:
The orders were to buy vol in single name were stupid. Vol-lines up 10-20 on zero movement in shares; all upside calls. Vol-bid all session and then dumped at the close.

I've been doing this a long time and I've never seen anything like today. 2% day and wings gaining 30%. All upside call bids.
More...

Some NFLX calls went up 5x intraday! I wished I was in them. Hindsight.
 
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