ariesdrifter77 t1_jaej6o2 wrote on February 28, 2023 at 9:28 PM

Reply to Steven Seagal given honor by Vladimir Putin for 'humanitarian' work | CNN by alienandro

He could’ve snapped his neck and died a hero. But Naw, he’s just a piece of trash like Putin.

ariesdrifter77 OP t1_j6m5yjx wrote on January 31, 2023 at 8:37 AM

Reply to comment by Fibocrypto in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77

The only way these contracts that I’ve stated could lose open interest is if they are “ bought to close” by the writer (owner holding the shares). It doesn’t have to be a institution or market maker. It can be someone with a lot of shares . like insiders who are working above the line at Las Vegas sands and know their stock is about to melt up and don’t want to get exercised. After stonk goes up they sell some fresh ones to degens who have fomo and while the IV is higher to collect bigger premiums. This could be totally wrong but this is how it looks to me

ariesdrifter77 OP t1_j6m4xfb wrote on January 31, 2023 at 8:22 AM

Reply to comment by Fibocrypto in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77

And us at WSB buy those calls (for the casino’s income). Except this time the casino is buying to close the CCs on itself. LVS is a casino. This is making more sense now

ariesdrifter77 OP t1_j6ly1x4 wrote on January 31, 2023 at 6:52 AM

Reply to comment by vacityrocker in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77

My question is why are they buying them back when they could expire worthless or get cheaper. LVS had a nice dip today so that could be why?

ariesdrifter77 OP t1_j6lxod6 wrote on January 31, 2023 at 6:47 AM

Reply to comment by polloponzi in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77

It’s possible they sold for higher premiums a while ago and they’re buying them back lower, I get that. But why not let them expire worthless or buy them back cheaper IF* the market goes sideways or tanks?

ariesdrifter77 OP t1_j6lwajy wrote on January 31, 2023 at 6:30 AM

Reply to comment by jeromememememe in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77

Why would they” buy to close” an OTM covered call if they don’t think it’ll go ITM?

Selling covered calls is bearish. Buying back a CC To close it should be bullish. In theory