dont overthink it...vegas is correct...somebody has taken several synthetic solutions to buying shares for one reason or maybe two or three for all we know..pros have accommodated their action [think fan duel]....all i know is...WE'RE IN PLAY!!!
jealmc79, I think that you do not realize that always in this type of trade 1 side becomes worthless. I will use the strike price of 80. If the stock closes below 80 in theory you will get your M shares put to you. If it closes above 80 you will call them away from someone. Now you may ask why. Let's say the stock is $75 why would you pay $80 on the call side when you are getting M shares being put to you. You might buy more shares at $75, but no one is going to pay $5 a share over market. I hope that this makes sense to you. Should you want I will stop reporting option plays.
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