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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.
Likewise here, Roy. I trade options according to 10 minute charts, but like to keep the 3 month chart in sight for changes in momentum. I primarily stick with QQQ, but have a couple others I will trade occasionally.
By the way, nice board. I've been here everyday since September just to compare my trades to some that you guys are doing. I've seen a lot of impressive trades here.
Good trading to all.
Mabbers
Heading into Bear market? Or do we get some rebounds here? Appreciate your thoughts.
Mabbers
Thanks, johny1....that's why I came here
Roy, I have a couple more quick questions. When intraday trading, do you stick with closer expiration options? And do you typically buy as close to the strike price as possible?
You don't have to answer now. I know you are busy trading. Just respond when you have some free time.
Thanks!
Mabbers
Hi Roy...thanks for your reply to my questions on your options trades. Makes good sense, and is a great way to manage risk.
The link on my profile in in regards to OTC markets.....which has been quite the challenge this past year. You can just click on "Best Post" on my profile, or use this link:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30835203
I like this options board, and will be checking in often.
Have a great day!
Mabbers
Hi Roy. I'm curious as to whether you are long on any put options at this time. I don't think we have even gotten close to a market correction yet, and agree with those that see a hard downtrend in the coming weeks/months. QQQ, SPY, SPX, etc. look like possible good, longer term (2-3 month) puts....if there is no promising news. Do you feel more comfortable trading shorter term options, or do you look for opportunities to go long on some?
I appreciate any insight you can pass my way on this.
Enjoy your holiday!
Mabbers
Good article. I believe he hit the nail on the head...even many weeks ago.
Dow Jones 1,000 point drop in first 3 minutes of trading...wow!
I thank the weak hands for my .001s this afternoon))
Great post, Ogclip. Very informative, and traders need to be aware of this.
Mabbers
(Total volume) 48,602,484 X (VWAP~PPS average for the day) .007745 = $376,426.23 Dollar Volume ))
LOL, doebop))) Thanks for the "chart")))))
Thanks, sharky. Seen these many times before. Sometimes they don't even move the PPS even when bought much in much higher. Appreciate the in-depth description.
Good trading to ya, my friend
Mabbers
.00692~~5,300,000sh 15:55:06
The extra decimal on the trade makes it a "Dark Pool" trade.
'Dark Pool Liquidity'
The trading volume created by institutional orders that are unavailable to the public. The bulk of dark pool liquidity is represented by block trades facilitated away from the central exchanges.
Also referred to as the "upstairs market," "dark liquidity" or "dark pool."
))
Added 59s. Bounce coming))))
Nice grab, 514. I have one at 68s, jic ))
The extra decimal on the trade makes it a "Dark Pool" trade. Notice that the PPS did not change when this trade occurred....it remained at .0045.
'Dark Pool Liquidity'
The trading volume created by institutional orders that are unavailable to the public. The bulk of dark pool liquidity is represented by block trades facilitated away from the central exchanges.
Also referred to as the "upstairs market," "dark liquidity" or "dark pool."
))
$HPTG~~Nice move today...Congrats! ))
Thanks....watching it closely))
Gotta be willing to be patient with this one. Could take a while, but the possibilities are there.
Sold@27s yesterday. 4+mil bid@22s, reload time.
1+Mil on bid 005s
Wow...been watching this. What a drop.
I've been here everyday reading all the posts. Good to hear that you see the potential once again.))
Happy 4th to all!
Mabbers
Crazy bids this morning
19 mil bid! ))
Pink Sheets and “Form T” Trades
Since OTC does not accept pre-market or after-hours trades, an OTC transaction marked as a "T" trade indicates the transaction did meet the NASD 90-second posting rule per above. If the "T" trade appears at the beginning of the day, it indicates the trade was not posted at Pink Sheets before 5:00 PM on the preceding day.
There are several types of "late" reports:
1. Those with a time stamp within a minute and a half after closing are just normal 90-second delays.
Rule 6620.1: OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours.
In this case, the market maker may have conducted a trade within seconds of closing and delayed reporting it until just after the bell. This delay, which is permitted, is frequently misinterpreted as manipulation.
------------------------------------------------------------
(Today's T-Trades of 18.860.200@16:03:51, and 3,878,308@16:10:05~~MDCN)
Remember....there are NOOOOO OTC trades after hours.
2. Then there are trades later than 90 seconds after closing. These trades fall into two categories and typically involve larger size lots.
a. The first category is sometimes used by financial institutions that are non-market makers to report larger transactions that actually occurred during market hours. However, since these institutions do not have access to ACT (Automated Confirmation Transaction Service), they use "Form T" to report.
MMs are prohibited from habitual "Off Market” transactions:
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to trade larger lots at pre-arranged prices without risk of driving the price upward or downward.
b. The second category involves so called “ex-clearing” lots. Certain transactions may clear and settle outside of the regular clearing system ("ex-clearing" transactions), where two dealers make an arrangement to settle trades between themselves and outside the clearing system.
The process used to balance street-side transactions depends on the type of comparison generated and the settlement method for the particular trade.
Trades Comparison is accomplished in one of two ways:
1. Electronically through the use of an automated clearing house such as the NSCC. This the normal way.
2. Manually via ex-clearing. Ex-clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department. Unusual short coverings can end up settling this way.
3. See www.brokerage101.com for further information.
http://www.hotstockmarket.com/forums/showthread.php?t=60075&page=27
MDCN~~Yep, grabbed some 0011s after Ock's alert yesterday. Thanks for the heads up, Ock.....or frogger...or whoever.))))
Glad I grabbed some 0011s yesterday Almost 5 mil on bid 0018s.
Congrats MDCN +28% today!
I wanted 003s but finally moved up and sat for a bit. Looks thin up above us))
Thx for the 0033s
Gotta expect a little consolidation after all those green days in a row. Cool down, load more, and let 'er rip
To those not aware, Ock just lost a very dear friend of many years. Please show the utmost care and respect at this time, and allow him time to deal with his loss.
LEEP creeping higher $LPPI
YW mick. Good to see you here. $LPPI grabbing a lot of attention. OCKHAM'S RAZOR's DD is some of the best I have seen.
Yes......big potential!
Mabbers