A gorilla has come in and bought 50,000 QQQ January 35 puts. That creates 2,000,000 QQQ for sale (.39 delta x 50,000 x 100 multiplier). Thus far, the Minx is sucking up the supply with nary a burp.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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