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SINA Corporation Message Board

  • ftdstinks ftdstinks Jul 15, 2013 7:04 PM Flag

    Option Activity

    Does anyone see the option activity??? It is sending a message. Today alone, 1000 contracts of July 57.50s; 2300 contracts for July 60s; 500 contracts for Sept 70s, and 3900 contracts for December 90s. People are laying out big money for these contracts and it is my hunch that they are much smarter than you, me and the bashers on this site.

    And--huge open interest in September 70s and 85s and December 70s, 80s and 90s. These are not just gamblers taking a shot to make a home-run. Open interest of this magnitude is telling us something.

    Watch for one big breakout day....either on Alibaba news or the markets realizing that this thing is gaining traction.

    Sentiment: Strong Buy

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