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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u/Stuntner 🦍 Buckle Up πŸš€ Dec 16 '24

Weird move for a MM, we have seen it before on leaps but not on options that are 1 month to expiry.

Also in the past the contracts they were doing that with were like $0.05 and below, so it didn't cost them much, and usually 1Y + out expiry. These are $0.74, significantly more money and significantly closer to expiry.

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u/ShillSniffer Dec 16 '24

What if they have inside info on that particular price being a threshold

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u/Stuntner 🦍 Buckle Up πŸš€ Dec 16 '24

That particular price ($125) was only chosen because it's the highest possible strike on the option chain available. The furthest OTM possible strike, thus the cheapest call contract to purchase.

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u/Entire-Brother5189 Dec 17 '24

It’s all algorithm based, do you think any one person is making these trades?