At the start of European trading this morning, ASML Holdings – Europe’s largest tech stocks – flash-crashed over 7% from the close last night, on massive volume.
Within seconds, the stocks was halted, and when it reopened it was back up to unch…
That drop was the biggest intraday since October 20222, and immediately prompted the usual ‘fat-finger’ excuses.
But with the chatter of gamma squeezes across so many of these mega-cap tech companies…
Softbank is certainly not known for forced gamma squeezes https://t.co/zFyRKkAoZ6
— zerohedge (@zerohedge) February 8, 2024
…we can’t help but feel like this is some options unwind and a canary in the coalmine for Masa-son and his SoftBank squeezers.
Potentially confirming that view, while erroneous trades are sometimes canceled, there were no cancelations for ASML as of midday, data compiled by Bloomberg show.
Tue, 02/13/2024 – 08:15
Click this link for the original source of this article.
Author: Tyler Durden
This content is courtesy of, and owned and copyrighted by, https://zerohedge.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.