Replies to post #312946 on SPDR S&P 500 (SPY)

[DowDeva]

Anyone remember this post?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155879054

SPY rallied a few points and then tanked to 300 and change where they presumably distributed the shares borrowed at 304 for landing ITM.


They received remium for selling 100K contracts at 300 call strike, 3/27 expiry, premium for 100K 300 put strike, same expiry, plus profit from approximately 3 to 4 dollars X 10 million shares.

Minus two days interest, of course.