3 ms·
This reads like GPT-3 output, like what on earth are you talking about. I don't think you understand how options market making works and for the record citadel
by threedots 6y ago
This reads like GPT-3 output, like what on earth are you talking about. I don't think you understand how options market making works and for the record citadel is not a prime broker. I'm no citadel fan but the descent of this sub into lunacy conspiracy is something to behold.
- u10 6y agoCitadel has two main arms; Citadel Securities which is a market maker, and Citadel, which is their investment arm. I don't think you understand how the options market work. Several of the large spikes on Friday and the past week is the result of MM (like Citadel Securities) having to purchase shares to cover the naked calls they sold.
- threedots 6y agoI'm well aware of how citadel is structured thanks, I used to work there. If you think options dealers go around taking massive unhedged directional bets then you are very misinformed. I don't have any inside knowledge but i'd bet a pound to a penny the options desks have been making out like bandits this week.