So past couple weeks all the "YouTube analysts" have been talking about the SPY 6100 call wall, and if it gets broken prepare for next leg up. Well when I was thinking about this post 10 min ago it looked like it was going to close above. It didn't but my question still stands. If all those calls were ITM do all of them or even 90% get exercised and shares delivered?
Now could that actually be bearish? The MM can now unload shares massively and start short side momentum by pulling the rug Monday morning. In fact looking at the volume for today look at massive amounts traded just out of the money. Were MM's selling tons of calls?