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S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,527.60
(
0.61%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.65
(
-0.06%
)
Bitcoin
65,715.47
(
1.15%
)
Post# of 17387
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Antisemetic Asshole30

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Alias Born 09/26/2010

Antisemetic Asshole30

Re: None

Friday, 10/08/2010 2:45:08 PM

Friday, October 08, 2010 2:45:08 PM

Post# of 17387
Something is going to happen very soon, right now DJIA is at 11,000 but look at VXX calls open interest for Nov.
Previous open interest (yesterday) was 405 contracts on call $15 while today (as of now) 5,799 contracts traded, increase of 1500%.

Call $16 got a lot of activity too, 2060 contracts traded, open interest yesterday was 2,149 or 100% increase. But call $15 is really interesting, I think the heavy naked (unhedged) buying is taking place by smart speculators, that's why out of the money calls like $21 are even more interesting. If $15 is a good buy (I think so) then $21 is good too. There will be a lot of action before November 19 till expiration. I am ready.

When we hang the capitalists they will sell us the rope we use.

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