- Entry
- $10.25
- Final
- $12.79 +24.7%
- Target
- —
- Score
- +1.00
TL;DR: Friday June 26 is Russell Reconstitution day. Passive funds must buy newly added stocks at the close. INFQ and ONDS are both confirmed Russell 2000 adds. I loaded deep ITM July $10 calls on INFQ near parity (almost zero IV crush risk) and cheap ONDS July $12 calls as a lottery ticket. Screenshots of fills below. ​ The Setup On reconstitution day, Vanguard/BlackRock/etc. dump massive Market-on-Close (MOC) orders at 4:00 PM EST to match the index perfectly. That buying …
— ORIGINAL POST ·
Russell Reconstitution Arbitrage: Index Funds Forced to Buy Big Into INFQ & ONDS This Friday
· r/wallstreetbets
· Jun 22, 2026