Nasdaq Whale Emerges as Facebook, Amazon See Option Trades
- Hundreds of million of call options bought in tech stocks
- Trades bear striking similarity to the ‘Nasdaq whale’
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Tens of millions of dollars in options trades tied to the biggest American technology companies have again surfaced in U.S. markets, weeks after the Japanese conglomerate SoftBank Group Corp. was linked to similar wagers.
Amazon.com Inc., Facebook Inc. and Netflix Inc. were among companies that saw block trades of call contracts Thursday, representing speculation on movements in their shares through the first months of next year. Call options are bullish bets by themselves but can also be paired with other positions as part of a hedge.