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/biz/ - Business & Finance

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22213775 No.22213775 [Reply] [Original]

Can someone explain to a brainlet what the story means? I (newly) run IT at a small hedge fund and they keep talking about this but I'm embarrassed to show what a financial brainlet I am. Google isn't helping much, as I don't know the lingo.

https://www.cnbc.com/2020/09/04/softbank-reportedly-the-nasdaq-whale-that-bought-billions-in-options.html

>> No.22214074

xrp

>> No.22214399
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22214399

>>22213775
Basically people are panicking because this revelation shows that the recent rise in stocks was not an organic one with many confident buyers.

Instead, it was just one massive whale firm making a really risky bet. So the recent market boom was very, very artificial made by very few people. I think that's what happened.

>> No.22214482

>>22214399
Well you can almost compare it to a bag holder who is shilling his own coins so he can offload them.

>> No.22214707

>>22214399
The entire rise? Like from what time period?

>> No.22214765
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22214765

>>22214482
So SoftBank bought a ton of options in tech (calls, which I'm reading are promises to buy at a higher price after a certain amount of time), causing funds(?) that sold the options to buy stock to cover/forcing them to buy shares, creating a positive feedback loop? This made SoftBank profit on their original positions, then they sold/wrote calls at even higher numbers to other funds/retail and seem to be unloading their bags?

>> No.22214844

>>22214707
Since about 2013.

>> No.22214869

>>22214844
uhh no?

>> No.22214965
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22214965

>>22214074
Daily reminder that SBI holdings was a former subsidiary of SoftBank

>> No.22215108

>>22213775
he is satoshi just read between the lines faggot