Big Loss of $90M! Market Maker Scores Big as Sell Put Trader Runs for the Exit
@OptionsDelta：
$NVIDIA(NVDA)$ Let’s start with a funny story: the whale who sold 90,000 contracts of the $130 put on Wednesday ran for the exit during Thursday’s session. Currently, the open interest for $NVDA 20250411 130.0 PUT$ stands at 58 contracts.We know this whale opened their position right before Wednesday’s close, which was at the highest price of the day. However, they closed out their position on Thursday at intraday lows.As a result, the market makers made a huge profit yet again. Assuming the whale’s closing price was $25 per contract, this trade resulted in a loss of about $90 million for them. In other words, the market makers pocketed $90 million in profits.I admit, I overesti