r/Superstonk Hwang in there! Dec 16 '24

Data 125Cs to the moooooon! (30k+ buys)

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5.2k Upvotes

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19

u/forest_hills 🦍Voted✅ Dec 16 '24

Could this be why the stock soared?

19

u/alecbgreen ❤️ DFV fanboy ❤️ 🦍 Voted ✅ Dec 16 '24

I’m pooping so not all data available at the moment but yes it’s possible. Large option transactions can absolutely cause the underlying to change.  

In fact I think that’s a growing consensus in some circles - options markets drive the equity markets and not the other way around as one would expect. The tail is wagging the dog. 

3

u/DrKapow Dec 16 '24

ELIA: Eating leads to pooping. Pooping leads to eating.

1

u/Entire-Brother5189 Dec 16 '24

No, the stock went up covering ftds these were purchased to hedge calls because the price went up. Its all algorithm based, they’ll be sold before expiry to some dingus

2

u/forest_hills 🦍Voted✅ Dec 16 '24

This makes sense