North American Palladium Ltd. Message Board
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Palladium Due for a Correction
"Da Boyz"--aka the option market makers, will probably try to close PAL at or near $5 so the most numerous call/put option at the $5 strike will expire worthless. I sold my call options Thursday, both on my palladium price correction thesis, and my expectation that PAL could settle near the closest strike at $5 based upon what the options market makers do month after month.
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That's the logic, but this is the market, so anything different can happen.
I have seen this before, so PAL can dip down to $5 or under, and then close up at the end of the day.- 2 Replies to maxben11
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There will be no correction. Palladium is being stored as fast as possible withholding it from the market. Expect it to hit the 800.00's sooner than later.
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"That's the logic, but this is the market, so anything different can happen.
I have seen this before, so PAL can dip down to $5 or under, and then close up at the end of the day."
I am an idiot. Just picked up 7000 shares at $4.90
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Looks like we. Are going to open lower today.
Major engineered drop on options expiry day?
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