Gold Foil Hat Apocalyspe next week... Help
August 25, 2007 4:49 PM Subscribe
There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade . But quite a bit of $$ on a contract that is 700 points away from current value. No one would buy that deep in the money calls. No reason to. So if they were sold looks like someone betting on massive dislocation
. Lots of very strange option activity that I haven't seen before. I've been doing this about 25 years.
The entity or individual offering these sales can only make money if
the market drops 30%-50% within the next four weeks. If the market
does not drop
, the entity or invidual involved stands to lose over $1
billion just for engaging in these contracts! Clearly, someone knows
something big is going to happen BEFORE the options expire on Sept.
posted by Huplescat (119 comments total)
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