An unknown trader has made nearly $200 million (and counting) in the last week playing tech earnings.
This assumed single entity opened ITM short call positions on both $MSFT and $GOOG in the days leading up to their earnings.
They shorted the MSFT 445c 1/30 calls over the course of 2 days before $MSFT dropped 10% post earnings, realizing nearly $155 million on the trade.
They placed a similar trade with $GOOG, shorting well ITM calls that have since gone far out of the money. Another $60 million has been realized today.
And still they appear to have another position, tthis time in $AMZN: shorting (at the time ITM) 227.5 weeklies from on Monday, Tuesday, and Wednesday of this week.
This position can potentially bring them another $70 million in profit.
$AMZN reports earnings tonight!



From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

