Re:SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally
by hpkuarg on Friday September 04, 2020 @02:07PM
(#24377414)
I think the GP misspoke when they said "option traders". Market makers want to be delta-neutral -- they don't want to care whether the underlying goes up or down, since they buy and sell both puts and calls and profit from the bid/ask spread.
Your description is right(-ish) for directional traders.
Your description is right(-ish) for directional traders.