There is a stock on the NYSE right now that the entire U.S. index fund complex is structurally unable to own. Not because of risk. Not because of size. Because of a technicality that expires in June.
When it does, fourteen million shares of forced buying hit a float of three hundred and thirty million. Buyers with no price target, no ability to wait. The options on this stock are trading under a dollar. Implied volatility is in the 15th percentile. The market is pricing these calls as if the calendar doesn’t exist.
The rest is below.
