Zerohedge broke the biggest news in finance this year and you better pay attention to it.
I’ll sum it up for you, especially for those who have no fucking idea what Tyler is talking about.
SoftBank is run by a bunch of assholes. They make aggressive bets and have been backstopped by the BOJ. They hired a bunch of other assholes from Deutsch Bank who came up with a great idea and it went like this.
Take the enormous unlimited balance sheet of SoftBank and buy into call options with high delta and create a gamma squeeze which would then force dealers to chase them and getting long said securities. They gathered over $30b in notional exposure and invested upwards of $4b into fucking call options, which then caused implied volatility to spike and that’s why you saw such a weird rally the past two weeks. It was narrow, focused on FAANG stocks and it sucked. Tesla and Apple were chased higher and no one had the balls to take the other side of the trade, until now.
Allegedly, SoftBank is still long and although the Nasdaq recovered much of its losses on Friday, futures are off by 120 now and people want revenge. Should markets begin to drop, implied volatility will get hammered on Softbank positions and their little gamma squeeze will reverse and their faces will be ripped off their fucking skulls.
Markets are rigged. There is proof. Now let’s see if any does something about it.
Their positions
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Soros is no dummy
I am like George Soros. When he gets an achey back he sells. When I get a hard pee pee buy. I always stay with trend of my pee pee until it bends at the end.
B team on point, today could be fun. Nobody wants Softbank to “bank” on this heinous August heist. Time will tell.
Lol as if Softbank was the first to do this.
whatever happened to that bag of dicks, peaches? is he/she out on the BLM tour?
I dunno Fly, 40b is a lot for sure, but not when spread out over the FAANG stocks. The Softbank guys were doing what everyone is doing, riding the central bank debasement gravy train until someone ratted on them and momentarily paused the fun.
Technically, the pull back still has some ways to go, but it’ll be back by Halloween.
I plan to buy stocks in the coming weeks and months so I’d love to not pay nose bleed prices. Bring on a pull back please
“Planning”? you must be joking. And where is Numbers, left in the DUST?.
Investing and building capital. Is there dividend threshold or dividend not required?
Their first mistake was listening to Deutsche
Uhhhh why are you giving zerohedge the credit for this? It was written about other places a few days ago https://www.ft.com/content/75587aa6-1f1f-4e9d-b334-3ff866753fa2