Yes it funny how everyone picks up on one unsubtantiated story and makes it an urban legend in the cours of two trading days.
When reflecting on the first bloomberg story mentioning with near immediacy a slight delay on first bid till after labor day (as if it was supposed to occur beforehand...string along number 1?), followed by an accelerated 2nd bidding round due to that (ficticious?) delay. That story screamed buy Sept. calls.
Then this story heading into opex week, stretching the entire timeline further out, with no attempted reconciliation with the earlier piece with respect to timing or participants mentioned, but the message screamed, Sept. options are worthless now!
The authors must be filled up with themselves over the viral impact of their comments as truth. Especially if they have no, or little more information than we do, and they are just making money selling calls at a high premium, then closing out for pennies on the dollar.
For sure each month that gets riskier, but I personally do not put much behind the story other than a play was possibly made by them writing Sept. calls, and not only did they build up the premium on the front-end, but then followed up by deflating the premium for opex week.
Fly on the wall could not have done this any better, and the whole internet is abuzz with it, and can't even get the 2nd hand story right, or even spell for that matter.
Doesn't anyone kinda feel a little suspicious, taken together, about the timing and message of those two news pieces surrounding the Sept. options?
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