It was actually good having someone on the board with a decent knowledge of trading. Most posters now who post anything about day trading or swing trading have no idea what they are talking about.
He will be back. I have some trades on FB but the majority of my trades are elsewhere but I still lurk. GL with your position
I don't know how you are getting 110 as a floor. I am not going to go into the mechanics but having more calls then puts to pushes the market down on oe. The theory of max pain is to make the most option contracts worthless.
The max pain is 104. Following is strike and OI for calls first and then puts second.
104 1527 3254; 105 24550 17907; 106 2299 3503; 107 3779 1232; 108 4583 2346; 109 9022 9292;
110 40519 19821: 111 9682 2392
Having more calls than puts pushes the market down on OE it doesn't hold it Also quadruple witching makes the market more volatile.
i tend to think that whatever the morning momentum runs will be the way the FB goes. The OI is not terribly high and FB's recent trend is upward. Tomorrow is a #$%$ shoot. Throw in a little HF trading from the big boys and it is almost a no win situation if you want to trade it. . Do you know that my major trade is OE and i trade OE pins with butterfly spreads and i have done it for many years.
I don't think FB will go under 110 either but that is not due to options it is due to the general trend. That is my opinion and I could be wrong. I wouldn't touch the trade tomorrow with a ten foot pole. If the options market had its way, FB would be pinned at 104 not 110
You don't follow your lies do you?
You also have a couple million shares at around 90.
How were your Jan 2016 150 calls?
If you had the nuimber of shares that you claim, you would not be allowed to write your lies on this board.
Rob you are a liar. A very bad liar. Participate if you want but don't lie. If you want to lie go away!
No matter what you say.......... You keep making tangential points. Address the size of the company or you go on ignore. Why do so many people disagree with you?
Why don't you try to convince Mark Z?
Have you studied statistics. When was the study done? It wasn't done with companies capitalized as high as FB. Do you know what a control group is?
Let me help you.
How many stocks in the 200 to 500 billion cap stocks split
? That is your control group. there are very few are but here are two that are close to similar category as you can get. That is GOOG and AAPL. Just so you know GOOG has increased by roughly 21% 2 years after the split. AAPL grew a little more than 13% almost 2 years after the split.
If you want to include a statistical example, know what means. Just so you know I am not only well versed in statistics and math but I have taught it.
2 things in your example and that is the time at which the study was done and the control group. Of those 1275 companies, FB does not fit into the control group. Take a look at AAPL and GOOG. The pre split prices are adjusted so it makes that math easy. Those gains were the normal growth for both of those stocks and it is in no way out of the ordinary.
Sometimes a sight yet unkown
is perceived senseless.
Knowledge does not make
a person complete.
Sometimes as a weary fool
I try to teach
someone who does not
want to be taught.
Unseen by others
renderings in my mind
are painted for
only me to see.
While I carefully place
oven fired bricks
to make my path.
I should not say
............What type of clay was used or the type of wood that burned in the kiln because others just wants to walk on the path.
Well you know what? Your maturity level matches your knowledge of the market. When companies like MSFT, CSCO, INTC split, their caps were in the 100's of millions to a couple billion. What drove those stocks to 10, 20, 30, and 100 baggers was the growth not the split.
FB ipod at a 100 billion dollar market cap. It would have been nice to have shares when the stock was private. You know what? You and I couldn't. If FB can grow into what you propose, then it will do it based on its performance alone.
I will repeat that it wont be based on a split.
Dude you are looking at stocks that are small cap. This is a 300 billion cap stock.
You want to figure out what is going to happen. Look at other stocks in the sector. Then you can stamp your foot. Bottom line is from Facebiooks point of view there is no reason to split the stock. It is already affordable to most people.
Did you know that people on this board have said it was a certainty (2 years ago) that Facebook would split the stock. What happened? Was there any professionals who said this.
The catalyst for moving this stock is not a split. The catalyst is for FB to do well. Understand this.
Whats this wrong bud? Take a look at AAPL, Take a look at GOOG and take a look at other stocks in this sector. When did this stocks split? Was it near a 100? The answer is not even close.
People on this board have been calling for a split for 2 years and what has happened? hmmm?
Do you have an option position? Are you looking for a split? Wait for them to announce it before you write "wrong" in caps.
Probably wont happen any time soon. There are almost 3 billion shares outstanding. Having 6 or 9 billion shares wont create more demand for the stock which is a reason why companies split their stock.
FB is doing well now so there is no reason to split the stock.
People go to Facebook for certain reasons. Facebook cannot not be and end all do everything site.
Plain and simple most people will not pay to use Facebook. Facebook core competency is being a social networking site and that is what they do well. To focus on something else would diminish the ability to do well where they can do well.
I am telling you today that it will follow the market. Last week you predicted 110. You predicted 111 yesterday. Now, I wouldn't tell people that they are wrong. Your price points are just guesses. I am not saying anything bad about FB.
To trade you need to give up your bias and look at all reasons a stock may go up or down. Holding long term has been good for many people. I believe that there is more room to go up. I however have traded for many years and don't hold a bias nor do I just throw numbers out there in hopes that the stock hits the numbers.
You call me wrong all day long but look at the movement today and look at your track record.
FB is basically following the general market. Nothing in Yesterdays trading points to 112 today. If FB has a good session today whether it is due to the market or any other factor, then it could hit 112 or above. If it doesn't have a good trading session it wont.
Technically FB has been following tech and has been basically moving lockstep. Nothing points to 112. It may get there or it may not.