'Nasdaq whale' closes more large options trades

📆 9/19/2020 6:07 AM
📰 BusinessTimes

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[NEW YORK] A large options player which some market watchers call the 'Nasdaq whale' unwound bets on several technology-related companies on Friday after the sector's recent selloff. Read more at The Business Times.

Because the options trades were tied to stock, they had minimal impact on market activity, unlike the selloff earlier this month, said Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group.

Last week, an investor exited large options positions in names such as Facebook, Netflix and Salesforce.com, though those positions had different structures from the call spreads tied to SoftBank.

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