Somebody blew out today

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.

 

It was me. Fortunately, I sent the wife out to the street corner to make back some of my stash. I removed her dentures so we could charge $20 more a pop.

 

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?

 

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.

 

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

 

QQQ dropped 0.75% damn near 'instantly' . that's gotta be a rare event

 

similarly, somebody has a windfall today.

 

NQ dropped 100 pts within five minutes on monday. I dont think its rare.

 

The 510's and 520's were 30-50x.

 

When you continue to roll the dice, you will eventually, crap out.