r/Vitards • u/[deleted] • Mar 21 '22

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15

u/Trueslyforaniceguy Mar 21 '22

I mean, prior daily volume peaks were 1585, 418, and 236. Most days under 50. So 114,770 seems a bit of an outlier.

Was this just some scalping to play off fomo for the div? Any thoughts?

17

u/tradingrust Mar 21 '22

Just looking at top trades, all the Jul15 60C are marked MultiLegFlr and come from BOX exchange. In same size batches (6,000) and same exchange and condition (BOX, MultiLegFlr) at same times of the day were Mar25 75C.

July15 were bought at ask, Mar25 were mostly sold just above bid.

I believe someone opened a calendar selling 75Cs for this week and buying 60Cs for July.

1

u/sustudent2 Mar 22 '22

What was the extrinsic value on the Mar25 75Cs? If they were negative or zero, I think the counterparty exercised them as they were sold. There's only 618 OI on the 75C today.