Giant Trader Footprints Leave Trail to Tech Options Plays
Sept. 7: SoftBank Shares Tumble With Son’s Foray Into Options Trading
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As the debate rages as to who has had the most impact on option markets -- retail traders or institutions -- what’s becoming clear is the sheer size of the wagers of the professionals.
RBC Capital Markets strategist Amy Wu Silverman noted bullish bets in a handful of technology companies in August as having all the hallmarks of a big institutional trade -- with “a staggering $1 billion-plus in premium spent.” Henry Schwartz at Trade Alert LLC cited trades with about $1.4 billion in premiums spent last month.