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dc CB  02:09:44 GMT - 10/06/2022  
Specifically, according to Wells Fargo's Chris Harvey, one "giant" options transaction "may have sparked the S&P 500’s bounce on Wednesday." The trade, which took place just after 12pm ET, a time when the S&P blasted off to session highs and arguably prevented another afternoon rout, consisted of the following:

buy 20k oct 31, 4500 calls
buy 14k mar 17, 4300 calls
sell 48k jan 20, 4500 calls

The net delta of the package was just over $30 million, a tiny amount, yet one which according to Wells Fargo's Chris Harvey was enough to push hundreds of billions in market cap higher.

“The Greeks of the trade are likely what gave a mid-day pop to the S&P 500,” Harvey wrote in a note to clients.

the greeks of this 'rally'



dc CB  20:40:20 GMT - 10/05/2022  
Bloomberg reports that one giant options transaction may have sparked the S&P 500’s bounce on Wednesday, according to Wells Fargo & Co. The trade, which involved buying and selling call options tied to the index at a cost of around $31 million, probably helped fuel a recovery that saw the benchmark gauge erase a 1.8% decline, says Chris Harvey, the firm’s head of equity strategy. The trade included buying 20,000 S&P 500 calls expiring in October with a strike price of 4,500 and 14,000 bullish contracts expiring in March at a strike of 4,300, while selling 48,000 calls maturing in January with an exercise price at 4,500 -- a bet that essentially says stocks would rally in coming months.

“The dealers who took the other side of this had a huge amount of risk to offset,” said Gareth Ryan, managing director at IUR Capital, adding that they could have bought equity futures to keep their books neutral.

“It certainly could’ve impacted the cash market. This is one of the largest trades by size that I have seen in a long time.”

via Zero Hedge


Hong Kong SAR Ahe  14:58:10 GMT - 10/05/2022  
ab, agreed.
The inflation is not due to economic factor but political factor.


Hk Ab  14:51:43 GMT - 10/05/2022  
Ahe, I have a gut feeling that many have a wrong perception that the inflation can be resolved too quickly and 10 yrs will top out at 4%. As a matter of fact, gold was trading at 1400 when it was around 3%.






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