Re:GameStop Is Happening Again
by cjbenedikt on Thursday February 25, 2021 @02:02PM
(#26266714)
Ever considered that someone just closed out short call positions ?
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Re:GameStop Is Happening Again
by dragontamer on Thursday February 25, 2021 @02:06PM
(#26266763)
Open interest declines if someone closes positions.
Open interest increases if someone opens a position.
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Open Interest is well over 10,000 on $800 GME expiring tomorrow. So __somebody__ bought-to-open call options at $800. (I presume the sell-to-open side of that call option is just the Market Maker who happened to close that deal, taking the free money).
This is well over $1-million USD being YOLO'd onto an outrageous bet (that GME is going to be over $800 tomorrow at 4:30pm).
https://www.nasdaq.com/market-activity/stocks/gme/option-cha...
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In any case, my point is that retail is absolutely allowed to trade options overnight. Just because stock market is closed doesn't mean that the options-market is closed. The options-market is 24/7.
Re:GameStop Is Happening Again
by TameAntelope on Thursday February 25, 2021 @02:31PM
(#26267110)
You should see the bets people make on the Superbowl, if you think this YOLO is crazy.