OPTIONS TRADERS CO-OP

[royg1927]

Jane, Jane, Jane, listen to yourself.

My assumptions about INTC, and puts, were really off today

.. no one will want to hold it over the weekend with such a huge gap up.

Who said? You think you know what others should do.

Technical analysis is an effort to DEDUCE FROM THE DATA what they are likely to do. I do not eliminate such notions from consideration, but WHEN THE FUNDAMEANTALS (INCLUDING NEWS) DISAGREE WITH TECHNICAL ANALYSIS, GO WITH THE TECHNICALS. Paste that on your monitor. But your TA has to be pretty good for any system to work very short term. At least 50-50 if your money management is superior.

Last time I said, learn TA first. Question: What technical indicators suggested that INTC would dive? Any? All day long?

Others "got it". That's why they continuously reduced their bids for your same strike. The pattern of options bid/ask price and que size is a useful indicator that few newbies use, but ALL the pros do. That's in addition to all the many indicators to apply to the underlying stock price action.