if they're the quants I think they are, probably profited greatly from the time decay on this trip down, volatility is less now, verticals are hard to delta hedge (extra variables introduced into the equation)
was a massive amount of options, wasn't it?
MSFT is not a comparable situation for several reasons the most important being the stage of company it is.
unlike GOOG, MSFT pays a dividend!
a sale is a sale...
If you had an asset that you thought was going to 600 from 375, would you sell it?
They may be entering positions with vertical spreads and buying back the short side when the stock moves against the spread. (Just trying to understand how the average contract price is less than $400 when they clearly have to be out over months of time, assuming CBOE options)
you know Sergey has 80% of his Billions and said he wont sell. This was a plan he adopted by his financial advisiors who said its prudent. Gates actually sells more per month on his own The Boys said they are keeping 80% and i believe them.. They know its going to 600 plus. Can you imagine the margin they have available ....they dont need to sell anything...
more leverage with high priced issues using options, makes sense.
GOOG's options were very rich with a lot of premium to sell. Quants at Shaw must've loved coming up with math models for these.