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Arena Pharmaceuticals, Inc. Message Board

  • caudill_98 caudill_98 Sep 20, 2013 7:19 PM Flag

    volume just under 9 million...lost a little control but

    over all due to options they crushed another good numbers day....

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    • Thats the problem---we have too many option days now----it has trashed Fridays forever unless serious material news comes out and fridays aren;t usually that kind of market day! Todays numbers were good but not mind-blowing news!
      In essense I dont worry so much about any friday action thats all option contolled mostly anymore! I play more golf and mostly watcxh the markets less---LOL!

      JMO

      Kutz

      Sentiment: Strong Buy

      • 1 Reply to sphericalkutz
      • Kutz,
        Option are going to play a pivotal role in share price direction in the coming months to date Arena has closely tracked the actual pain as opposed to max pain. I use (“OptionCalc-Max pain calculator “) Google if you wish at the top of the page click (Max Pain Historical) there you’ll see Arena’s historical behaviour in relation to options. By clicking historical twice you get a line chart or a bar chart.

        What is Max Pain?
        In Options Trading, the Max Pain theory, sometimes also called Strike Price Pegging focuses on the idea that towards expiration date the price of a stock will move towards its strike price thus inflicting most losses (pain) to the majority of option traders as all parties with high investments try to steer the stock price towards their calls or puts to minimize their losses. Max Pain calculations on our site use g intraday data and are up to date to within 30 minutes.

        What is Actual Pain? (Relative Pain)
        Actual Pain, also sometimes referred to as Relative Pain is a variation of the Max Pain theory only taking into account the options traded since a particular date (most often the last expiration date). Due to the nature of our Actual Pain calculation no intraday data is used; instead the previous trading day is the newest data on which the calculation is based upon; also the Actual Pain calculation will be inaccurate within the first days of a new expiration month.

        Sentiment: Buy and Hold.

 
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