MM been monkey hammering the $95 calls all day. Anytime it gets a bid they sell then drive ask down a nickel.
easy to see this stock is 100% not going above $95 by tmrws expiry.
i expect they sell the 95 calls down to $0.20 or lower by EOD
MM has unlimited access to amount of option contracts they can sell. 100% no doubt they are going to force this stock to close at $95 or less by tmrw. Waiting to see if they start stepping all over $94 puts.
NFLX volatility is dead for this option week. MMs made over $100 million selling NFLX options this week. probably headed to Hamptons now
MMs knocked out $80 million of option premium on that pump and dump. Not a bad 15% return on over $500 million in total option value.
stock is basically where it was yesterday, except MMs have $80 million more in their pocket and crackpot option buyers are out $80 million.
Puts expiring this week are valued at $97m and calls expiring this week are valued at $4m.
Now which way do you think the banks are going to push this stock into Friday with everybody betting on a big Apple drop this week?
Today's % loss ranks in top 15 for biggest daily % loss.
In addition, 11 of the 14 other worst days were followed by more losses ranging from 1% to 23% and averaging 8%.
you could actually get useful information from the internet with no commercials.
I also remember when you could buy options and have a chance at profiting if held for a week or longer. not anymore. banks initiate option contracts and they sell it from day one until expiration. market is so rigged letting banks sell derivatives without impunity.
anyway bury this along with other drivel on this message board and it is reason yahoo should be out of business. there is zero useful information to be found here anymore. nflx message board is 10x worse. yahoo should just shut all these forums down.
and NUGT doesnt appear to crack $108. Looks like their must have been a lot of call buying on the index or the individual gold stocks and the bankers going to keep their option premium.
I been trading a long time and remember the days you could buy options at 9:15. Now the TBTF banks that never should have been allowed back into investing and their mama Yellen has the option market sewed up.
This stocks volume will far exceed any option open interest at the open and will easily cross $50 by 9am.
the robots are in full control and they sold so many 700 calls expiring this Friday that there is no way for stock to close above $700 this week
I have been watching the options market and the big banks are defending $93 by selling an endless supply of $93 puts expiring today.
They will print billions of the soon to be worthless $93 puts if need be, unfortunately for the banks almost no one is left wanting to buy the $93 put so they will probably start selling an endless supply of $93.50 puts.
Banks make so much money selling soon to be worthless option contracts that they might as well open up option trading in $0.05 increments, open up daily or hourly expirations, and let them trade after hours.
are now down only 6% against all outstanding months and strikes. Option writer has a smaller book loss than the actual stock. By end of week the option writer will have a profit guaranteed.
Might as well assume one organization sold all the options. Ever since your government decided to let banks back into trading in late 90s and then the banks consolidated into a few conglomerates.
In 2008 we determined banks were not very good at trading in 2008, so instead of allowing them to fail your government bailed them out and then decided to rig market so there will never again be large unhedged derivative losses. Now we have a rigged, front running, order jumping HFT bid spreading market.
One thing is sure, banks (net option writers) will not have big losses on stock or equity options. Remember options are no longer the derivative. Stocks are the derivative and stocks move based on option pricing.
is about to put every buyer since day 1 into the black at $3.50.
The option writers controlled by the big 4 banks can not allow anything below $96.50.
between $95.00 - $97.00. The HFT robots have decided to keep AAPL between $95 and $97 until option expiration.
China could kick AAPL out of country, the government could outlaw iphones and stores could refuse to sell Macs and AAPL would still stay above $95.
on how much money option buyers will be done tomorrow?
AAPL options across all contracts are worth $2.9 billion today prior to earnings.
My guess is option writers will pocket minimum $800 million by tomorrow.