"...SoftBank, the “Nasdaq Whale,” had been harpooned. ..:

I bet big whales will take advantage of this dip and load more calls as there is no place for big cash but the tech stocks thanks to the pandemic and thus the unprecedented liquidity from CBs ( actually bears should blame on CBs, not big whales).  The Fed indicated there will be more to come.  BTW, Fed meeting next week ...................

Edited by redfoliage2, 06 September 2020 - 09:20 PM.

Notice how they they are lightening up on Bitcoin to shore up tech losses, won't be enough of course. I imagine plenty got margin call between Friday and Tomorrow's open. With the  current dislocation in the options market by Softbank, Tuesday could be a wild one. To inflict the most damage, would be a large gap down heightening a margin call domino effect. JMHO)

Notice how they they are lightening up on Bitcoin to shore up tech losses, won't be enough of course. I imagine plenty got margin call between Friday and Tomorrow's open. With the  current dislocation in the options market by Softbank, Tuesday could be a wild one. To inflict the most damage, would be a large gap down heightening a margin call domino effect. JMHO)

I bet big whales will take advantage of this dip and load more calls as there is no place for big cash but the tech stocks thanks to the pandemic and thus the unprecedented liquidity from CBs ( actually bears should blame on CBs, not big whales).  The Fed indicated there will be more to come.  BTW, Fed meeting next week ...................

It appears as if the massive FORCED CALL liquidation may be the reason for the rapid increase in PUT/CALL RATIO.
 

I bet big whales will take advantage of this dip and load more calls as there is no place for big cash but the tech stocks thanks to the pandemic and thus the unprecedented liquidity from CBs ( actually bears should blame on CBs, not big whales).  The Fed indicated there will be more to come.  BTW, Fed meeting next week ...................

 

With the massive liquidation of the calls the risk now is high for for put holders ...........................

Edited by redfoliage2, 07 September 2020 - 07:12 PM.

Edited by redfoliage2, 08 September 2020 - 07:46 AM.

I love the pajama traders, well even the day guys lol!  I put on a short at 3435, with a profit stop of 3400 now, think I might take profits maybe look for longs after the open.

Changed my mind, I've had a coffee now, profit stop at 3368 for a 67 point profit, start building a long right there if hit.