It is certainly all about Op-Ex….but what really puzzles me is that why do they never have to cover their shorts…….even with this news they just keep on selling….wouldn’t put it past the scum just taking the trades and slinging them into that bottomless pit of shorts.
In any other mkt, the equivalent news on a day when the granters have butchered loads of calls, getting a piece of news like that would be the ultimate nightmare, as you’d have to cover yr shorts and that would trigger 1 for 1 Delta buying that fed on itself…in a word you’d be ‘effed senseless.