Friday, March 18, 2016 4:47:21 PM
I wish I knew what happened to the options and I mean to know precisely what happened. Now I have to wait for next op to collect that data.
In the morning it felt really weird to buy calls that should've been negative but were instead showing substantial positive gain. I felt like I'm being suckered into a scam and felt for it like a fool.
But I ignored all that and made a good trade as the intraday charts worked well for about an hour.
After that I stepped aside not only out of fear for me but also out of fear for the other participants being confused just the same about charts setups thus increasing irrational TA moves.
I still have to verify this, but preliminarily from what I gather the calls were NOT affected whatsoever by the morning SPY being red. It means to me that if SPY would open flat from day before, but ex-div would push down the day before by -0.50%, then even though nothing has moved, and in fact SPY lost money due to div loss which went into pockets of shareholders, the calls will irrationally recognize the artificial +0.5o% gain on the chart (not in reality which is flat) and offer a dividend gain to those that held calls overnight, which is not right and not fair as calls (options) should never be paid dividends only the shares (not that I actually care one way or another).
About puts I assume is the same, just I didn't look so I don't know. But all this has to be scrutinized next time and few other times to validate any of this data.
Just another thing to do on the calendar
In the morning it felt really weird to buy calls that should've been negative but were instead showing substantial positive gain. I felt like I'm being suckered into a scam and felt for it like a fool.
But I ignored all that and made a good trade as the intraday charts worked well for about an hour.
After that I stepped aside not only out of fear for me but also out of fear for the other participants being confused just the same about charts setups thus increasing irrational TA moves.
I still have to verify this, but preliminarily from what I gather the calls were NOT affected whatsoever by the morning SPY being red. It means to me that if SPY would open flat from day before, but ex-div would push down the day before by -0.50%, then even though nothing has moved, and in fact SPY lost money due to div loss which went into pockets of shareholders, the calls will irrationally recognize the artificial +0.5o% gain on the chart (not in reality which is flat) and offer a dividend gain to those that held calls overnight, which is not right and not fair as calls (options) should never be paid dividends only the shares (not that I actually care one way or another).
About puts I assume is the same, just I didn't look so I don't know. But all this has to be scrutinized next time and few other times to validate any of this data.
Just another thing to do on the calendar
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