Biogen halted, options expiring today.

Discussion in 'Options' started by FSU, Nov 6, 2020.

  1. zdreg


    Would someone please summarize what happened on Monday?
    #71     Nov 13, 2020
  2. Market makers where pretty short Russell and IWM upside gamma (on the back of some structured trades and also listed positions did not help), once the market started going up "cause certainty is good", they had to cover their delta thus taking it even further. The spooz followed shortly.
    #72     Nov 13, 2020
    eternaldelight likes this.
  3. zdreg


    Thanks for your reply. I was interested in reports about biogen because of the halt in trading.
    #73     Nov 14, 2020
  4. Lol, sorry, so many people have asked me about Russel calls that I naturally assumed that’s what you were talking about.

    BIIB looked epic:

    #74     Nov 14, 2020
    eternaldelight likes this.