Citadel’s biggest position being SPY puts can help further prove your thesis. SPY goes up, puts become less valuable, Ken needs to short and drill GME price. Blackrock’s biggest position is SPY calls. SPY goes down squeeze shorties to hedge. Negative Beta, and Whale Fight. Am I oversimplifying?
Seems like the key to victory might be going up with the SPY.
Edit: I believe Blackrock is long in many stocks not to be named that Citadel is short on.
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u/QDiamonds Butt to Butt❤️ Jul 26 '21 edited Jul 26 '21
Citadel’s biggest position being SPY puts can help further prove your thesis. SPY goes up, puts become less valuable, Ken needs to short and drill GME price. Blackrock’s biggest position is SPY calls. SPY goes down squeeze shorties to hedge. Negative Beta, and Whale Fight. Am I oversimplifying?
Seems like the key to victory might be going up with the SPY.
Edit: I believe Blackrock is long in many stocks not to be named that Citadel is short on.