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  • Citadel positions

     JRent updated 1 year, 4 months ago 3 Members · 5 Posts
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  • JRent

    Member
    May 21, 2021 at 7:14 pm

    I was looking over Fintel data today and happened to notice Citadel purchaseed about 724,000 shares, not to mention the calls and puts that they recently acquired. Does anybody have any thoughts on this and if they are trying to make some kind of move that they would be able to cover their position?

  • P.Jay

    Member
    May 22, 2021 at 2:44 am

    I’ve seen this question before and one speculation that made sense to me is that they do that to raise the price and have paper hand apes fall for that price and sell.

    • JRent

      Member
      May 22, 2021 at 11:17 am

      That makes sense.

  • 2by2HandsOfBlue

    Member
    May 22, 2021 at 3:26 am

    I’m curious about those $40 calls, I believe there’s just about 134k calls with a strike price at $40, perhaps they’ve purchased enough call options to offset their losses somewhat.. depends on the price, I suppose… but that’s just a ridiculous amount of call options on an OTM call…

    • JRent

      Member
      May 22, 2021 at 11:17 am

      So correct me if I’m wrong, say they did purchase a shit ton of call options, if they reach that strike price, aren’t they just profiting off of themselves? Or because it’s an options contract when they sell they are getting matched up with someone on the other end of the deal?

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