I don’t understand this. In a market there needs to be buyers and sellers, so suppose most of the volume is algorithm driven then some fund is now dwindling their supply of shares to sell or are borrowing these shares. Eventually they’ll need to get it back so are they betting that by driving it down lower they can force retail to sell? Or I guess index funds to sell because of the weighting? I understand driving it down to buy calls cheaply but I guess I just find it difficult to imagine any retail selling at these levels when a decision is coming next week.
I also don’t understand the large MOC volumes. I understand that there may be a lot of buyers but who is selling?