Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
XLF - There is no way to know if the these puts are being bought or sold. You can try and make a guess by tracking open interest, but that won't tell you everything. It could be that some big traders are selling a bunch of put contracts to collect some premium. Of course they would have to believe that XLF will close above the strike price of the sold options on expiration. They could also be selling puts as part of a stock accumulation strategy. In other words, they would have no problem being put stock at the strike price on a pullback. They get the added advantage of taking in some premium for selling the puts which reduces the cost basis of taking the stock. It could also be the some big traders want to buy some insurance to protect a position they do not want to stop out on as they are long term bullish but maybe short term a bit nervous. My guess in this case is these puts were bought for insurance as the premium is so low they aren't worth selling. Here is a link to an article that explains option open interest volume. Hope that helps. Option trading is bit more complicated than buying and selling stocks.
http://www.investopedia.com/articles/optioninvestor/04/060904.asp
XLF seeing super massive put volume in the Sept 22 and 23 strikes. Most likely cheap insurance for some large positions that don't want to stop out on a Greek tragedy. Pullbacks in XLF should be buyable as banker crooks will make big coin in a rising interest rate environment.
http://finance.yahoo.com/q/op?s=XLF&date=1442534400
22.00 XLF150918P00022000 0.15 0.13 0.15 0.01 7.14% 34023 104752 21.49%
23.00 XLF150918P00023000 0.24 0.23 0.24 0.01 4.35% 63176 19858 19.04%
True. Hard to short more than a day trade with the massive ocean of QE monies available to provide support. Yesterday was a short covering spasm based on the most feeble of news... another useless Greek bailout. Shorts got annihilated, but follow through to the upside is also lacking. This leaves the possibility of a short term lower high and that raises the risk of a new wave of selling, but the overall theme is don't say short for too long. Don't be a greedy short or you will become a broke short. It is much easier to remain long. Just avoid the most overvalued stuff except for a trade and if not a trader, avoid the most overvalued stuff.
Does resistance look like it is weakening? Does support look like it weakening?
Proof the entire market is one giant scam.
"Wall St jumps on report Germany may consider Greece aid"
http://finance.yahoo.com/news/dow-opens-higher-first-time-142024389.html?l=1
Behold the scam in 5 minute glory...
LTBR - The action is starting to heat up in this one. A bit more positive news coming in. Not yet ready to breakout, but the long sell off is over.
http://finance.yahoo.com/news/south-korea-grants-lightbridge-key-192336153.html
CDTI - Long consolidation. Now news...
http://finance.yahoo.com/news/cdti-reports-compelling-vehicle-test-123000775.html
FTR - Some crooks decided enough down for now. Was heading to 4.
http://www.thestreet.com/story/13164928/1/frontier-communications-ftr-stock-gets-rating-upgrade-at-morgan-stanley.html?puc=stocktwits&cm_ven=STOCKTWITS&utm_source=dlvr.it&utm_medium=organic&utm_campaign=stocktwits
http://blogs.barrons.com/incomeinvesting/2015/05/27/frontier-communications-how-stable-is-the-dividend/?mod=yahoobarrons&ru=yahoo
Is there no sell off that won't be immediately reversed the next day? Buying or short covering is picking up in the afternoon. Volume is light for such a violent reversal. The news borders on fantasy.
http://www.reuters.com/article/2015/05/27/us-markets-stocks-usa-idUSKBN0OC1BE20150527?feedType=RSS&feedName=businessNews
http://finance.yahoo.com/news/bernanke-sees-no-extreme-moves-030422486.html?l=1
Suchs Inc. trying to call a top.
http://finance.yahoo.com/news/buybacks-dividends-thats-left-p-040001258.html
Meanwhile, central bankster facilitated generational theft expected to continue unabated.
The whole market is questionable accounting. Shorts got taken to the woodshed today on the flimsiest of data. I read somewhere a Fed head said no interest rate hike in June like that wasn't known already. So the rise is attributed to bond stabilization... yeah right... and the falling dollar. The farcical jobs number was also mentioned, but most of it was short covering. A breakout is unlikely so a new short opp should appear. It won't give much though. Too much free money for crooks to step in and buy every dip for the next sell the rip.
KNDI falling below support. No news.
http://finance.yahoo.com/news/kandi-technologies-tumbles-monster-volume-182447968.html
The market moves best on a lie. The bigger the lie the bigger the move... more shorts trapped. This is nothing more than a massive short squeeze. When the shorts flame out the up stops. Figure out where the shorts hold firm and that is the new short. I guess somewhere just north of 2120 and that is going to happen in just one fraudulent day. Meanwhile, China is more important than any phony jobs number.
http://www.philstockworld.com/2015/05/08/non-farm-friday-is-america-working-6/
Phony jobs number provides another opportunity to short this steaming pile of stocks. Just have to wait for the hysteria (short covering) to pass. Maybe Mrs. Doubtfire can step in again and tell us how concerned she is about over value. Maybe Mrs. Doubtfire can empty another liquor bottle as the concern can be just too much to take sober.
The market steps in another pile of over value...
SHAK is massively over priced. This kind of gambling has been facilitated by every central bankster crook in the world. Over value is everywhere and it's not about to stop as global QE is kicking into overdrive. Meanwhile Mrs. doubtfire frets over a .25 rate hike. lol.
Priced like a dot bomb and it's only a hamburger...
Meanwhile resistance looms...
CRR - Shorts are covering in a panic. Announced earnings which fell from first quarter last year. No surprise. Announced new service... Kryptosphere HD. Don't know what it is or does. Whatever, shorts didn't like the call and are getting wrecked. SLCA also up in symapathy. Shorts are not catching a break here. Once shorts are done covering, I can't see where falling earnings can lead to a breakout, but it sure looks like a bottom in frackers is in. Might be some tradeable chop with some upside bias for the near term. Have to nimble with these ones. Rest of the market sucks. Thank the central bankster crooks.
There was an FOMC meeting today. Results were not going to be published whatever that means. Crooks probably got a promise of continued free money confiscated from the middle class. Banker scum.
In other news frackers are blowing up today in a spasm of short covering. not sure what turned it, but SLCA reported earnings and missed. No biggie, shorts must not have like the conference call. See also EMES, CRR, HCLP. Looks like run of the mill short covering based on nothing of value. Don't expect breakout so not worth chasing.
You can smell the over value...
Earnings fantasy and central bank fraud are conspiring to push the market to new all time highs. Earnings reality does not support the move, but the fantasy does. Look for a signal on a failure to push beyond 2120 with strength. Volume is light not supportive of a breakout. Talking heads are pumping hard.
LTBR - Dead money nuke showing signs of fission.
http://finance.yahoo.com/news/redchip-announces-schedule-april-22-153804730.html
CCJ - Nukes starting to heat up? Rumor has it Japan is close to bringing some nukes back on line. I am seeing decent action in the Jan16 calls across a number of strikes. The Jan16 25 calls are seeing the best action with over 900 contracts traded. The action in the front month calls are light so no one seems to be expecting anything short term. Might be worth a shot on some of those Jan16 calls. I favor the 20 strike. Open interest is good and spreads are reasonable. The 25 strike is too far OTM for my tastes, but if you want to feel like a uranium magnate you could buy 10 contracts for $350. lol.
Keep in mind that anything nuke has been dead money for some time now. Doesn't mean it isn't worth a shot, but so far nothing has changed. Analysts are neutral on CCJ.
SLCA getting dumped. Failed several attempts to break over 40. Short term money is now exiting. 36 is support. If 36 fails then this trades down to 33. Earnings is 4/28. Unlikely to be any real surprises with SLCA. There is no edge to this stock right here right now. A nice dip would be buyable though. Really want close to 30.
As expected ...central banks. Was enough to get RoBoTs to switch to buy... shorts to cover. Not enough for breakout. Just more noise.
http://www.reuters.com/article/2015/04/20/us-markets-stocks-idUSKBN0NB16S20150420?feedType=RSS&feedName=businessNews
30 min already looking tired...
NEON - Interesting. Not sure if pump and dump.
http://seekingalpha.com/article/3076266-are-neonode-and-harman-teaming-up-for-a-900-million-gm-deal
China and Greece. Oh my. This dip will be bought because central banks. Just at what level do crooks come in.
http://www.tradejourno.com/the-hard-landing-china-shows-no-signs-of-recovery/310873/
http://www.tradejourno.com/deja-vu-all-eyes-on-greece-again-after-draghi-doesnt-disappoint/311600/
ALNY nearing all time highs while over bought in all time frames. Can this thing really breakout after the huge effort to get this back all time highs?
http://finance.yahoo.com/news/alnylam-reports-publication-data-hemophilia-204508874.html
"Alnylam currently has no approved product in its portfolio. Although the company has a number of pipeline candidates, most of the candidates are in early or mid stages of development. The company has only a couple of late-stage candidates in its pipeline – patisiran (TTR-mediated amyloidosis in familial amyloidotic polyneuropathy patients – phase III) and revusiran (familial amyloidotic cardiomyopathy – phase III). The successful development and commercialization of these candidates are crucial for the company."