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chensiona

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chensiona

Re: cfgjr post# 22432

Tuesday, 03/08/2011 4:10:10 PM

Tuesday, March 08, 2011 4:10:10 PM

Post# of 34471
I don't consider myself an options guy, but in any event its great for us because its probably big money moving in or big shorts moving out either of which points to everything being good with the 10K.

I don't have the numbers on me but in 6 trading days that would be well over 30k contracts of calls bought (mostly $5 strikes and lower) and my guess is they will again be exercised today.

Also to note is the put interest is going down, so it looks to me like shorts are moving out asap. Wonder if we get news tmrw....
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