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  #3161 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

It's a lot more fun being wrong when I am flat!





I was lucky to have only taken 7 ticks


Started this thread

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  #3162 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

Here is what I do not get... other than the options expiration is driving this...who would buy into this close?


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  #3163 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011


I mean, yes, I just did, and probably other traders who have tried to short this and got their asses handed to them...but is that all this move is about? Short squeezing?


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  #3164 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

I am going to answer myself, and guess that if I knew anything about reading options I might understand better.


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  #3165 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

The longs I took this morning were different , pure technical.


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  #3166 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

Or these are just intraday positions balancing.


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  #3167 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

Or, a means to gathering the short position someone wants. This is not hard volume to push, at least what is on the surface


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  #3168 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

There are some bars that could be feeling


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  #3169 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011

2x 29 blocks


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  #3170 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,461 since May 2011


"Stayin Alive, Stayin Alive.."

That should be on every trader's playlist!


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Last Updated on May 23, 2014


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