Post by
KillaDip on Sep 11, 2024 9:56am
47.50 Sep 20 Call increased volume today
The his is how you manipulate price going into an ex div where you're likely to see some tax loss harvesting.
Yday call sellers hit the sep 20 48 call when price touched 49 for BCE. Today as of 9:45 the equivalent of 41500 shares were sold to hedge against call selling of the $47.50 Sep 20 contract. This is higjly elevated volume for options activity on BCE. This is also the best bang for your buck if you want to initiate selling on a stock. Hat tip to the market players that are shaking the tree today. It's painful but this move isn't fundamental. it's more likely sly trading strategies.