ariesdrifter77 OP t1_j6m5yjx wrote
Reply to comment by Fibocrypto in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77
The only way these contracts that I’ve stated could lose open interest is if they are “ bought to close” by the writer (owner holding the shares). It doesn’t have to be a institution or market maker. It can be someone with a lot of shares . like insiders who are working above the line at Las Vegas sands and know their stock is about to melt up and don’t want to get exercised. After stonk goes up they sell some fresh ones to degens who have fomo and while the IV is higher to collect bigger premiums. This could be totally wrong but this is how it looks to me
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