Dislikednothing to fear.
just 1 option writer in london dumped his options hedge upon expiry and the whole market making community scutters.
what big balls they have?
Why don't they just go set up money changing booths.
have more spread pips to make la.
stabalisation funds?
even my johnson's laughing.
for a moment i though heli made QE3 statement.
Nothing to trade already.
see you tom.
regardsIgnored
Am I right to assume that as per your scenario the option writer sold a call vanilla option and so closed a long spot hedge position?
Alternatively can it be the option writer has sold a barrier option with a KO at 1.3200 which he's trying to deactivate and cash in the premium just before expiration?
Also, is it possible he is attacking partially his own stop order (that he used for his long spot hedge)?
Hopefully this makes some sense