Perhaps if you read you'd understand what's going on. On a side note August is factually the worst trading month of the year, so bring on Sept.
"Nothing to see here ...move along. Just doing their best to finish off the Long open Call suckers once again. I was a Option Principal Series 4 for 20 years. Seen this sooo many times. Taking the 9 and 10 s money AGAIN. My guess is we move up sharply next week. There is a 160 contract Bull credit Spread at Sep $14/15 to collect on next. Go spread or go home. I believe this is gamma neutral / stock shorts playin the game. Sell short /sell calls Out of money / buy (long) in the money call is the position that has been unwinding here for months. If the options market closed tomorrow we'd all be better off."
"Meant 160k 160,000 contracts at 14/15 put/call credit spread. That is a potential 16,000,000 shares in play if it were to break out of the spread net credit. Looks like shortie does not like his trading strategy exposed to the light. If the long call specs would just buy the stock, hell use margin, instead this thing would take off like a rocket. They will keep jackin it up and down taking their money. Meanwhile the billionaires let shortie work this game so they can accumulate cheap. The game is the big boys game. The fools are the swing traders and option jockeys . The trading desks laugh at the peons buying their single ticket opening positions, trust me. Only the spread, straddle and writers make big money. An overwhelming majority of long one sided open positions (put or call) lose money to the seller(writer). Think about it , llook up the minimum account equity and margin requirement and account paperwork in order to write naked puts or spreads. Then know that someone with a money order and a brokerage account can buy a freakin call LMFAO... Like I said close the option market down and the playing field will be a lot better for the small investor, until then it's a killing field."
