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notice the bid ask were really one offs on these trades as well. supporting exactly what you were saying arranged trades. whatever they were made SPY cranky.
possible they can paint any color. but someone was a buyer.
that wasnt Option it was L2 of spy itself.
another huge block 500Kx5 all at 196.76
also there has been 4 +500K blocks bought above the ask today.
Below 196.00 size 206738
big trade 200K during last 5 min.
gotcha that would explain the disconnect.
surprised spy isnt up x2 with the green apple.
fair enough.
fair enough.
You had calls in apple?
Good write up USD. I appreciate your thoughts
My thought are the same. If we were in a definitive overbought or oversold then we could just tune out the noise but think keeping us floating in the middle keeping us guessing is exactly how the market wants it.
Think thats a really good strategy. Why stress the reaction, we can have our cake and eat it too.
Yeah i agree overbought would be ideal. I was agreeing with your theory of a flat range before FOMC then switch to calls. Which i will do if we end up oversold.
I will dump my puts hopefully in that range. then have some skin in the game for friday. Possible straddle.
think we fade towards gap fill 192.40 some point this week. that would leave us in oversold just before FOMC.
*193.70 was looking at chart with PM up.
Agreed on all points. China had weak output on commodities news drop today. With the uncertainty over the next week could be in for some good swings.
https://news.fidelity.com/news/news.jhtml?cat=Top.Investing.RT&articleid=201509130148RTRSNEWSCOMBINED_KCN0RD044_1&IMG=Y
Hey guys hope you all enjoyed your weekend thus far and have been able to put spy thoughts behind and get ready for some NFL action.
Just a some thoughts
The setup left on friday appears to favor bulls 60 min had a MACD crossover and Slow Stoch is pointing towards overbought (not there yet) and price closed above 10MA. As USDollar pointed out as well expects green monday.
Also for the stoch guys and i know riskon notice this. Fast Stoch on the daily is just reaching over bought. And happens to be at the exact same spot as aug 17 we had Candle just like fridays. Next day opened higher but closed as a doji then the plunge happen.
Weekly chart price is back inside the bollinger band, range is wider now.
could test 203 area that happens to be the 12 EMA on weekly. Maybe High price after FOMC?
1 milli dump and still climbing
all that and still withen confines of bb on 60 didnt budge. That was beast of a close though for those that grabbed calls and unloaded congrats.
i think that will be most telling. these sell blocks are insane.
never seen that kind of dumpage. going to need to run out to cosco get some hefty bags for spy f huggies.
i think so 4 75K sells all in back to back monster sell blocks
to be expected. closes hod.
everyone is so sensitive
yeah thx alot binladen
IMO think the street has one more hissy fit to send a clear message. it would have been today but considering the gravity of todays date its pushed off.
that would be one hell of a gravestone on 60 if that happen. RIP
saved the best for last.
Spy just earned a pivot on 60 min. dont think there will be anymore gas to push past that. Or maybe?
dam pookie whats that in your pipe you got that spy
could be.IMO big intuitions are on the sell side they prob wont let it get out of hand before the start using there free fed money to short even harder. today was a give me a break lets not rub it in and finish green, just a thought.
i dont think we see a drop although technically should happen or should have happen hours ago.
yah the load seems heavy.
think we see the real action ah when they start printing all the sells from regular hours.
you wont regret it.
LOL!