Replies to post #101 on Proshares Ultra Real Estate (URE)

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Someone opened 15,000 calls expecting something out of them.

The option writer will lose if they are in the money tomorrow.

Two sides, but 1.5 million anything raises the stakes of the game.

IMO, i think it was a hedge -- some institution is holding a lot of URE shares, so maybe they sold calls as a hedge? I do not know.

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So, it turns out it was bullish after all