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Exelixis, Inc. Message Board

  • nomad_celcius12 nomad_celcius12 Jan 4, 2013 11:34 AM Flag

    15k vs. 4k Feb calls vs puts = usually BEARISH

    Far too many open call contracts from the $5.00 to $7.00 range for February strikes. 15k open call vs. just 4k open puts in that range. "USUALLY" a great contrarian indicator. In other words, the powers that be will make sure those 15k open calls expire worthless. Unless, sometimes, there is a large short strangle hold on the common. Hedge funds have hedged their massive short holdings with some call options it seems.

    One outside possibility of these scenarios, if they were to be blatantly greedy, would be to cover some shares heading in to February, temporarily causing those calls to spike higher so they can cash in, then re-shorting those shares to send the stock right back down...making $$ on both sides. Wouldn't put it past those weasels to do that.

    Charts on all timeframes look bearish so it doesn't look like the aforementioned scenario is "in play" at this point.

    ARQL and DNDN's charts remain "UBER BULLISH" :)

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