Huge order?
Probably the usual dividend strippers establishing positions.
Telstra has a history of SP run just prior and mainly after the dividends are announced, followed by a drop after ex div date.
Also options get hit at this time, the sold calls and puts get excersized if they are near the or at the money. ETOs can be quite profitable at this time for some who know what they are doing but others may get burned.
SP will realign with rest of the market soon after the ex div date.
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