So far the dealers haven't closed their positions (or maybe they're taking profits in small batches). Seeing these big players making hundreds of millions in profits makes me so jealous😭
Don't get shaken out of the market, average down if your cost basis is high - a rebound is highly likely tomorrow!
No fluff, just look at what traders are doing with options today:
1. Bought 150 million worth of 241122 Call (weekly options, average cost around 420)
2. Bought 80 million worth of 241220 Call (cost at 443.36)
3. Bought 80 million worth of 241227 Call (average cost around 405)
4. Constructed a synthetic long strategy, equivalent to buying 430K shares of MSTR (cost around 470)
$Strategy(MSTR.US)$Daily Target 2X Long MSTR ETF(MSTX.US)$T-REX 2X Long MSTR Daily Target ETF(MSTU.US)
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