Replies to post #82983 on *** ALL THINGS MONEY >>>> ATM ***

[Jaxon2010]

Old say it's due!

[EZ2]

Large put spread in the US Oil Fund as shares tick higher (TheFlyOnTheWall)
FLY ON THE WALL 10:30 AM ET 11/15/2016
Large put spread in the US Oil Fund as shares tick higher. The ETF is up 28c to $10.15 and the Apr 9 - 10 put spread is sold at 40c, 100K. The activity likely rolls a block of Apr 10 puts down to the 9 strike and trade history shows a matching trade on 10/17. At that time, with shares 12% above current levels, a 100K block of Apr 10 puts was bought for 56c. Those trade this morning for $1 per contract to monetize the $4.4M profit. Opening of Apr 9 puts for 60c is expressing the view that shares will see further weakness into 2017.

[Jaxon2010]

Nice call bud!

Still watching for puts. Big drop in volume and some nice gaps lower. May give myself an extra week. Nov 25th? Only a 4 day trading week though. $14 puts? just looking. I'll prob miss them.