The Chart has been to strong for a large PUT position. If the stock breaks below the 10 day and MACD crosses down then it could get interesting. I am hearing some chatter that by MID week we are gonna see a sharp reversal upwards in the general market...
That was some nasty down volume on Friday with OPTR. Wait for the PSTAR drop as well.
FWIW
Watch the November 15 puts, 1009 contracts traded and open interest on Friday was 125. Lets see how much the open interest is tomorrow. Also look at the 17.50 November Calls, 1947 contracts traded and Open interest there was 4590.. Lets see where the open interest opens at on Monday.
FWIW also, I havent looked at any of the fundamental side of stuff, my analysis was just based on the technicals and the chart settings I have in my Elite.
Cheers
I dont think there is such a thing as "Smart Money." It seems more coined to get bag-holders than anything else?
