A single massive options trade fueled a 2% positive reversal in the S&P 500 on Wednesday, says Wells

Discussion in 'Options' started by ETJ, Oct 6, 2022.

  1. ETJ

    ETJ

  2. Overnight

    Overnight

  3. maxinger

    maxinger

    Who believes such a story?

    S&P has been on the uptrend since this Monday.
    DAX has been on the uptrend since this Monday.
    Nikkei has been on the uptrend since this Monday.
    Stoxx50 has been on the uptrend since this Monday.
    etc



    the up-force momentum has been rather strong.
     
    Last edited: Oct 6, 2022
  4. Overnight

    Overnight

    No is has not. And you'd understand this if you did not hide behind the /block function. Wussy-lala.
     
    zghorner and VicBee like this.
  5. Could've been someone trying to hedge some risk? Why would the assume this would be a purely bullish bet?
     
  6. What made the reversal was the need for the liquidity providers to buy the underlying market. The options triggered it.
     
    athlonmank8 likes this.
  7. mervyn

    mervyn

    I recalled there was a trade last Nov/Dec on Bloomberg that made over xxx million in short period of time, which is similar.
     
  8. mervyn

    mervyn

    canada812 and athlonmank8 like this.
  9. comagnum

    comagnum

    I wonder if that was the Powell doing the buying?
     
    canada812 likes this.
  10. GotherL

    GotherL

    I read about that and thought the same.

    But it may have been some major hand who knew something that propped others into action.
     
    Last edited: Oct 7, 2022
    #10     Oct 7, 2022
    comagnum likes this.