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Interesting. I'll look at some charts.
“Da Boyz” have another trick up their sleeve:
VIX is dropping severely while the market is slowly climbing. Al index-options subsequently drop, BUT the slope of decay is steeper for Nov & Dec than for the front month! Thus the Option Market is subjected to a phenomenon known as progressive “backwardation” or “vacudation” in the lingo of Vini-the-Trader...
That means that those guys like me who have time spreads are loosing virtual $…for the time being…
Some people think that when this is happening , the VIX drop cannot last…
Thanx, Party!
Are the Markets open on Monday? …Columbus Day, important in New York.
We simply don’t know what will happen next! The only thing we can do is to estimate with whatever information is available, whether the acquisition of ADBE makes sense. For many reasons would say YES.
There is also a huge short interest in ADBE. Many hedge fund owners who got caught, will try to spread counter-rumors, give interviews and bribe unethical “journalists” to get out cheaply.
Also, there are other rich potential buyers who might get interested: GOOG and HPQ (who just hired a new CEO with the specific agenda of acquiring software). The story is only a few hours old and it could grow…or not. LOL!
I’ll post any significant news or new ideas.
Great play 3X!
I think so…the rumor that MSFT might buy ADBE is not stupid…
BOTH of them desperately want to take a stand against AAPL!
Short squeeze coming tomorrow…Let’s watch it!
ADBE Nov 30 calls @$1.00
Wow! Good luck!
3X: LOL! My "parental control / security system" blocked your message because of a "key word".
I reinstated it... NO problem! These guys are ridiculous!
Actually, you are right! In hedging I sold (to open)IWM Oct 65 puts and Oct 68 calls. I am long Nov calls + puts...
What I do is trading IWM options (which are very liquid) and monitoring RUT on TNA (which moves well and fast, reflecting the mood of the market).
I do not know but the market seemed to get ready for such a thing. However, the ADP data today do not seem to go in that direction.
VIX Oct 25 calls @ $0.90 // 13 days to OpEx
48.56 is a possible support for TNA
Yes, very good!
Drugs under FDA review in October include weight-loss drugs from Arena Pharmaceuticals(ARNA) and Vivus(VVUS), a diabetes drug from Amylin Pharmaceuticals(AMLN) and partners, a drug to treat opioid addiction from Alkermes(ALKS) and a treatment for fibromyalgia from Jazz Pharmaceuticals(JAZZ).
“Over two-thirds of adults in the United States are overweight or obese, and over one-third are obese” according to data from the National Health and Nutrition Examination Survey. (NHANES) 2003–2006 and 2007–2008.
Thank You Dalcindo for the very thoughtful remarks and nice charts!
Yes, they should be good for a corrective move. I would follow such a move (which could be amplified by a short squeeze)with moving stops. Alternatively, if the pop this morning is substantial and reflected on the value of those calls, just get out soon...IMHO.
ARNA looks realy good! Ready to jump in!
LOL! Good...as a contrarian indicator.
Yes, a few times. Usually, it’s a good idea when the VIX is very low and has a good chance to go up. Thus, both puts and calls will do relatively well. The most important thing is how to get out of a strangle. There are books ...but follow your instincts and your TA. You could come up with creative solutions, like using the “losing arm” to generate a credit spread …if you dare…LOL!
I did well with strangles when I managed them actively and calmly. Inactivity and wishful thinking don’t work for me!
I think that the market will tell us soon what to do. If we are at a crossroad, the next signal should be followed with more conviction than in a “shallow” market. This is valid for many stocks.
I think that the next days could offer some significant opportunities for profit.
Yes, I do.