{"id":80849,"date":"2020-10-02T22:52:22","date_gmt":"2020-10-02T19:52:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wall-street-tech-investors-fear-the-nasdaq-whale-is-back\/"},"modified":"2020-10-02T22:52:22","modified_gmt":"2020-10-02T19:52:22","slug":"wall-street-tech-investors-fear-the-nasdaq-whale-is-back","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wall-street-tech-investors-fear-the-nasdaq-whale-is-back\/","title":{"rendered":"#Wall Street tech investors fear the ‘Nasdaq Whale’ is back"},"content":{"rendered":"

“#Wall Street tech investors fear the ‘Nasdaq Whale’ is back<\/strong>”
\n<\/p>\n

\n The colorful Japanese billionaire behind the summer\u2019s unexpected tech rally \u2014 and subsequent declines \u2014 app<\/a>ears to be up to his old tricks.<\/p>\n

Masayoshi Son, the 63-year-old founder and CEO of SoftBank, was unmasked as the so-called \u201cNasdaq Whale\u201d in early September after it was revealed that he plunked down billions to buy options in popular tech stocks like Amazon, Alphabet, Microsoft and Tesla during the COVID market crash. Son\u2019s buying spree \u2014 funded by both Softbank and his own pocket \u2014 is believed to have helped push the Nasdaq up 60 percent between April and September \u2014 contributing to a bubble that came tumbling down at summer\u2019s end.<\/p>\n

Now traders say they are seeing a familiar pattern in options trading that suggests the Nasdaq Whale is back and raising fears that tech investors could be in for another big hangover.<\/p>\n

\u201cIt looks a lot like what he did before,\u201d said one trader at a large bank. \u201cSimilar stocks and similar volume of call options. And it\u2019s still crazy.\u201d<\/p>\n

Call options provide traders with a chance to profit on a stock if the price hits a certain level. If a stock sees a heavy volume of calls, it can force other traders to buy in and cover their position \u2014 sending the price even higher. Such trading is risky, however, and can often result in punishing losses, especially for investors who jump in on the buying without realizing the true reason for the rise.<\/p>\n

Amazon, Netflix, and Facebook<\/a> all popped on Friday morning, helping to send the Nasdaq higher at a time when the other indices which were dragging on the news<\/a> that President Trump had tested positive for COVID-19. The tech-heavy index later gave back those gain, trading down 1.8 percent in mid-day trading to 11,117.14<\/p>\n

\u201cSomeone was buying a lot of calls on tech stocks,\u201d confirmed one hedge fund manager. \u201cIf it\u2019s SoftBank again, they clearly think this is worth doing again, and why not? He\u2019s a different kind of guy.\u201d<\/p>\n

Such trading is also risky for Softbank, which saw its stock dropped more than 8 percent the week Son was reported to be the Nasdaq Whale as investors digested its $50 billion exposure to a radical trading idea. On Friday, however, the stock barely budged, trading up 0.9 percent to $31 a share.<\/p>\n

Son \u2014 who is worth $30.2 billion, according to Forbes \u2014 is known for making bold moves, which has resulted in a mixed bag of results in recent years. For almost every mega win he has had an epic failure, including his huge bet on like WeWork<\/a>, which helped drag results down this year. After SoftBank reported an $18 billion loss in May, Son reportedly compared himself to Jesus Christ, telling analysts that \u201cJesus was also misunderstood and criticized.\u201d\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Wall Street tech investors fear the ‘Nasdaq Whale’ is back” The colorful Japanese billionaire behind the summer\u2019s unexpected tech rally \u2014 and subsequent declines \u2014 appears to be up to his old tricks. Masayoshi Son, the 63-year-old founder and CEO of SoftBank, was unmasked as the so-called \u201cNasdaq Whale\u201d in early September after it was…<\/p>\n","protected":false},"author":1,"featured_media":80850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Masayoshi-Son.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[73973,70610,73785,72332,74124,70360],"class_list":["post-80849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-2-20","tag-finance","tag-markets","tag-nasdaq","tag-softbank","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/80849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=80849"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/80849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/80850"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=80849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=80849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=80849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}