Lead
Pigeons Incorporated, a company known for its aerial operations, has publicly denied allegations that it participated in a recent market event described as a “shoulder strike.” The denial was issued by the company’s director of Aerial Operations and addresses claims circulating on financial forums.
Background
The incident in question was discussed on the subreddit r/wallstreetbets, where users alleged that Pigeons Inc. used premium aerial ammunition to influence a stock position described as an AMD 200/215 call spread during a period of high implied volatility. The claim suggested that the company’s actions were excessive and unethical.
What Happened
In a formal statement, the director of Aerial Operations for Pigeons Inc. declared that the company has no involvement in the alleged shoulder strike. The spokesperson emphasized that the company does not expend premium aerial ammunition on a trader already trapped in a call spread during peak IV confusion. The statement also criticized the interpretation system used by the subreddit, labeling it as “completely backwards.” The director reiterated that Pigeons Inc. follows ethical standards and does not engage in such market manipulation tactics.
