Anyone else notice that AMZN has been reversing direction right after OE? Specifically Sept, Nov, Dec. It's like they squeeze the whole time selling puts then the sell off while selling calls. This has been on an uptrend since last OE. What are the chances this starts to sell off on Monday? - PJ
The entire rally has been a put vol (VIX/PUT) squeeze because certain institutions that are TBTF were way net short vol, which works until it doesn't. It was about to not work, but our friends at the Fed stepped in with global USD swaps and repo operations squeeze the folks who were positioned properly.
Geezez PJ, where have you bern for the last 3.5 yearz... Your just noticing the optionz scam NOW? For god sakes, dont get a hair brained idea now that you'll start writing them thinking you'll make money az that iz the latest fad amongst retailerz:
1. You dont have a statistically significantvstock holding to steer a stock and kill an option crackhead
2. As soon as enough retailerz think that they can write puts, guess who's gonna buy them as they are unloading a bevy of stok?
For the love of the gods, no. I would not be writing calls nor writing puts. I was pointing out that these squeezes tend to turn on a dime right after OE. Meaning today might be a great day to add to position or if your a weak short to just hang in there. Relief is on the way. For the record I see a test of the all time high this morning....a failed test. - PJ