Re: Financial topics
Posted: Sat Feb 15, 2020 6:23 pm
Generational theory, international history and current events
https://www.gdxforum.com/forum/
https://twitter.com/sentimentrader/stat ... 7077110785A near-record stretch of calm has ignited options traders’ desire to buy speculative call options.
Over the past 6 weeks, they’ve bought (to open) 70 million more contracts than they’ve sold (to close).
We’ve never seen this level of speculation before. Not even close.
What's the strategy in going short tonight with all the US markets closed tomorrow?Higgenbotham wrote:I'm fully loaded short as of tonight. You can see the net is -20 and Avg Price is 3369.25. I have not been this short since November 24.
The market rallied into the close Friday. It appeared some players who were looking for a turn earlier in the week wanted out near the close and they drove the market a bit higher. Meanwhile, as that happened, there were heavy sellers waiting for them near and at the close of futures trading and over 2000 lots were being offered at 3382.25. That meant to me that a knowledgeable player (or players) was getting short in a place where they could capture several hundred orders or more. There were also over a thousand sold at 3378 and the book was heavy on the way up to 3382. That appeared to be very heavy sell volume from big players, the heaviest I have seen in several months. Often times, when you see something like that, barring any surprises over the weekend, there are more shorts wanting to get out at the open Sunday night (where the volume will be too light for the large players to take advantage) and then sometimes the market will turn. So it's just a way to get a slightly better price short term. That advantage may disappear with the next tweet. The holiday doesn't factor in at all. To me, this is a day like any other day.John wrote:What's the strategy in going short tonight with all the US markets closed tomorrow?Higgenbotham wrote:I'm fully loaded short as of tonight. You can see the net is -20 and Avg Price is 3369.25. I have not been this short since November 24.