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Ever considered that someone just closed out short call positions ?
by cjbenedikt 6y ago
Ever considered that someone just closed out short call positions ?
- dragontamer 6y agoOpen interest declines if someone closes positions. Open interest increases if someone opens a position. ---------- 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-chain/call-put-options/gme---210226c00800000 https://www.nasdaq.com/market-activity/stocks/gme/option-cha... --------- 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.
- TameAntelope 6y agoYou should see the bets people make on the Superbowl, if you think this YOLO is crazy.