SoftBank Identified as the ‘Nasdaq Whale’ Driving Last Month’s Tech Rally, FT



On Thursday, tech stocks were hit with a sharp and sudden sell-off, causing the Nasdaq to fall by as much as 5%.

At the the time, there didn’t seem to be any particular catalyst that was driving this price action — it just kind of happened.

Luckily, FT may have discovered what could have been the most likely culprit when they published an article yesterday claiming that SoftBank, led by the well known Japanese billionaire and philanthropist, Masayoshi Son, was behind August’s meteoric rise in tech stocks..Read more @ Financial Times

UPDATE:

Incredible article by Zerohedge breaks down Softbank’s epic August gamma option trade—> Read more

Leave a Reply

%d bloggers like this: