Wild out of the money next day SPX put bids yesterday.

Discussion in 'Options' started by FSU, Sep 22, 2023.

  1. ETJ

    ETJ

    @FSU Any friends at OCC? Not implying anything illegal or immoral, well perhaps I am, LOPRs leak all the time.
    Any qualifying fields in the print?
     
    #11     Sep 22, 2023
  2. destriero

    destriero


    Paper was buying, dude. dafuq.
     
    #12     Sep 22, 2023
  3. FSU

    FSU

    Was hoping you would have the answers. You're the connected one, not me.
     
    #13     Sep 22, 2023
  4. FSU

    FSU

    Extremely aggressive paper. He started bidding on the 3700 puts and kept going down in strikes until filled. The 12,000 lot on the 3100 strike was bid too for a few minutes until someone hit it.
    Mondays 2600 strike was also bid for 12,000. that's 40% down!
    Really threw the whole skew out for the last bit of the curb session.

    Guessing some firm was told to buy units no matter what.
     
    #14     Sep 22, 2023
    jys78 and destriero like this.
  5. ETJ

    ETJ

    "Was hoping you would have the answers. You're the connected one, not me."

    I'll make a call on Tuesday. Did the OPRA print show any "conditions" - that is public?
     
    #15     Sep 22, 2023
  6. newwurldmn

    newwurldmn

    marking varswaps maybe?
     
    #16     Sep 22, 2023
  7. FSU

    FSU

    I believe it was just "regular" as the condition (just checked time and sales). Don't remember anything special. Print was at 3:49:35 ct in the curb session for 11,400 contracts. Sept 22 SPXW 3100 puts
     
    Last edited: Sep 22, 2023
    #17     Sep 22, 2023
  8. ETJ

    ETJ

    I'll look on Tuesday. Too big for auto, but I'll see.
     
    #18     Sep 22, 2023
  9. FSU

    FSU

    Yes, I just edited my comment. It was marked as "regular"
     
    #19     Sep 22, 2023
  10. ETJ

    ETJ

    2700 of the 3350 puts customer buy was the first print I got read to me. The first group sold MM and a good chunk sold by firm. 1500 in a group of trades done by MM's - 1200 firm facilitation. Should have more color on Tuesday. Had someone read me the OPRA tape.
     
    #20     Sep 22, 2023
    nbbo, destriero and FSU like this.