102301391
OP
:
Yes short to trigger the paperhands or those who take profit (bought way lower before the surge in AMC prices), so that they can scoop back at lower prices. Rinse and repeat
voloxo
:
They might have big option positions. If they long put options then they trying to increase vega it also works defensively if they sold too many calls they want to dramatically reduce price. Option gains can be a few times the stock price so they willing to sell stocks to keep their option prices the way they want it
apeish : But they are shorting? Can’t rationalize the intend
102301391 OP : Yes short to trigger the paperhands or those who take profit (bought way lower before the surge in AMC prices), so that they can scoop back at lower prices. Rinse and repeat
voloxo : They might have big option positions. If they long put options then they trying to increase vega it also works defensively if they sold too many calls they want to dramatically reduce price. Option gains can be a few times the stock price so they willing to sell stocks to keep their option prices the way they want it