At 3:35 in the video he claims as soon as he started exercising his calls the stock went up. I didn't think exercising a call would cause the share price to go up until the T+1 settlement where the MM has to deliver the shares (TODAY).
Correct me if I'm wrong.
Also if the MM (Wolverine in this case) already hedged and own the shares to deliver to RK, does that mean the price won't be affected today?
From what I've learned, exercising calls does have an effect on the price on the stock because they actually hit the lit market. However, 99% of retail regular buying does not hit the lit market according to Gensler.
At 3:35 in the video he claims as soon as he started exercising his calls the stock went up. I didn't think exercising a call would cause the share price to go up until the T+1 settlement where the MM has to deliver the shares (TODAY).
Correct me if I'm wrong.
Also if the MM (Wolverine in this case) already hedged and own the shares to deliver to RK, does that mean the price won't be affected today?
From what I've learned, exercising calls does have a an effect on the price on the stock because they actually hit the lit market. However, 99% of retail regular buying does not hit the lit market according to Gensler.
At 3:35 in the video he claims as soon as he started exercising his calls the stock went up. I didn't think exercising a call would cause the share price to go up until the T+1 settlement where the MM has to deliver the shares (TODAY).
Correct me if I'm wrong.
Also if the MM (Wolverine in this case) already hedged and own the shares to deliver to RK, does that mean the price won't be affected today?
From what I've learned, exercising calls does have a an effect on the price on the stock because they actually hit the lit market. 99% of retail buys do not hit the lit market according to Gensler.
At 3:35 in the video he claims as soon as he started exercising his calls the stock went up. I didn't think exercising a call would cause the share price to go up until the T+1 settlement where the MM has to deliver the shares (TODAY).
Correct me if I'm wrong.