This is all about the 650+ Call Options that were written from 9 months ago to September. They need to be OTM due to the billions it would cost to pay off on them.
there are over 312665 OCT calls between 630 and 720 that would have accounted for approximately 50 billion dollars if the stock had remained in the money at its high. I think you got something. Options are driving the market, uncapitalistic leverage to manipulate both investor returns and corporate returns. Hmmmm!
Not only they are making money killing $650+ options, they are actually driving the ITM calls OTM. Morover, they are shaking the PPS up & down to decay puts as well. This is a professional move and i doubt small players on WS have such abilities.