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Posted on 9/22/23 at 6:54 pm to slackster
quote:
The writer of the contracts who sold them had to deliver 550,000 shares at $127 even though the stock was at $144.30, so they had to sell for $9.5mm less that the stock was actually worth.
Wonder if anyone on the other side of the trade wrote naked options and is now shitting bricks.
Posted on 9/22/23 at 6:56 pm to deeprig9
quote:
Who is the victim?
LOL.
You know how it works don’t you?
Posted on 9/22/23 at 7:01 pm to stout
Someone’s about to get the Martha Stewart suite.
Posted on 9/22/23 at 7:02 pm to stout
Posted on 9/22/23 at 7:04 pm to stout
quote:
Wonder if anyone on the other side of the trade wrote naked options and is now shitting bricks.
Selling naked way out of the money 0DTE calls is just as much gambling as buying them. They deserve one another.
Posted on 9/22/23 at 7:05 pm to slackster
quote:
Call options give you the right to buy 100 shares of the stock at the strike price ($127 in this case) on the date the option. The buyer of a call has the right to buy the stock, and the seller (or writer) of the option has the obligation to deliver the stock at that price.
This guy bought 5,500 options, which gave him the right to buy 550,000 shares of SPLK at $127. The writer of the contracts who sold them had to deliver 550,000 shares at $127 even though the stock was at $144.30, so they had to sell for $9.5mm less that the stock was actually worth.
Thanks for the straight, non-dickhead answer to an honest question. I appreciate it.
Posted on 9/22/23 at 7:07 pm to stout
Odds this person is a large (D)onor?
Posted on 9/22/23 at 7:08 pm to LanierSpots
quote:
LOL.
You know how it works don’t you?
Regular stock trading, yes. Options and calls and strike price stuff, I'm a moron about.
Posted on 9/22/23 at 7:10 pm to stout
It was WikiTiger
Posted on 9/22/23 at 7:12 pm to SoFla Tideroller
quote:
Odds this person is a large (D)onor?
100000000%
Posted on 9/22/23 at 7:26 pm to Upperdecker
Especially if it was on the up and up.
Posted on 9/22/23 at 7:34 pm to stout
quote:
The money isn't generated out of thin air
Not what our government thinks
Posted on 9/22/23 at 8:09 pm to deeprig9
The market maker who sold the options. If they had to worry about insiders fleecing them, everyone would have to pay huge spreads.
Posted on 9/22/23 at 8:17 pm to deeprig9
quote:
Who is the victim?
If it's inside information, the poor sap who sold them. This is what the SEC always says anyway.
Posted on 9/22/23 at 8:31 pm to deeprig9
whoever sold them the call options
Posted on 9/22/23 at 8:34 pm to deeprig9
quote:
Who is the victim?
Good lord dude
Posted on 9/22/23 at 8:34 pm to stout
Absolutely has to be inside knowledge.
Posted on 9/22/23 at 8:37 pm to GeauxZone90
quote:
Most likely someone from Splunk new of the acquisition
K
Posted on 9/22/23 at 8:39 pm to deeprig9
quote:
Regular stock trading, yes. Options and calls and strike price stuff, I'm a moron about.
So if the trader had simply bought the stock (instead of buying calls) would you still be asking who the victim is?
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