Is Softbank Speculation Driving the Tech Rally?

Paul Greaney
By Paul Greaney
September 7, 2020NTD Business

As the tech rally slows down we learn that Japanese conglomerate Softbank is behind a massive surge in bets over the past few weeks that tech stocks would keep rising. Investors were asking who is the “Nasdaq whale” buying an unprecedented number of call options. Call options are basically bets with banks that a stock will go up, the investor doesn’t actually own the actual stock.

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