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Saturday, 09/05/2020 11:26:50 AM

Saturday, September 05, 2020 11:26:50 AM

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One Day After Zero Hedge, FT "Unmasks" SoftBank As Call-Buying "Nasdaq Whale"

by Tyler Durden
Sat, 09/05/2020

How much did SoftBank buy? According to the WSJ, which also moments ago confirmed our original reporting, SoftBank...

... spent roughly $4 billion buying call options tied to the underlying shares it bought, as well as on other names

... which due to the embedded leverage in options, is the equivalent of buying tens if not hundreds of billions of underlying stocks, thus sparking the massive upward move in the handful of tech stocks which then spilled over everywhere.

And speaking of underlying stocks, in Q2 SoftBank just so happened bought brand new stakes in all the super high beta names including Amazon, Google, NVidia, Tesla, Netflix, Zoom and so on.
https://www.zerohedge.com/markets/one-day-after-zero-hedge-ft-unmasks-softbank-call-buying-nasdaq-whale
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