Dude no. People with 20 billion don't put it in single positions. You don't know what you think you know. Some guy really just lost his shirt.
[quote="VanishingMediator, post: 4073912, member: 48189actually, ude no. People with 20 billion don't put it in single positions. You don't know what you think you know. Some guy really just lost his shirt.[/quote] Lol, do you think "some guy" in the street has 180k? Actually not many ET expert here even has 18k, most of them have less than 5k account and can only trade on bucket shop.
bucket shop? You can trade options on a cash account once daily with like 50 bucks... I figured it was some new guy and I was hoping he would close his position earlier in the day instead of riding it out. The illegitimate hedging pressure against his trade screwed my trade, MS would have pinned to 45 if it wasn't for him. I'm not sure what criteria he would have used for this trade, screwing his trade becomes much more of a priority for market makers than the open interest from earlier in the week or even in earlier months. It happens all the time that some kid inherets a million or something, tries to trade with it, and loses it in like one day.
Maybe he was short on those puts and he bought them back for a huge profit ?? rather than risk MSFT crashing and costing him ?? I used to gamble similar last day, say MSFT 44.80 going up, buy worthless calls at 45, if MSFT goes to 46, 300% profit, but not with 4000 ofcourse. I don't get out of bed for any transaction below 1Mil these days.
Now i see your point, you believe the Market Maker will move the price because of a "stupid rich kid" long a 180k puts in MSFT? And the act of this kid can potential cause you to loss money? you blame this kid now? Am I right, kid?