This will run into the close - will close $435+. Watch.
OPEX say this closes right around $275. Market tanking, and AMZN rebounded off of the low. They will not let her fall with the NASD. It will take a -70 pt NASD to bring it down from the looks of it.
Markets are already down premarket as much as they were down yesterday.
Bargain hunters might find apple under $400 again if the markets correct 5-10% in the next few weeks.
The Nasdaq futures are down another 20 right now. Most likely, this opens up around $425. Rising to $435 today would be a miracle.
although bears have nothing to worry about as there is almost NO WAY this runs much higher in the short term.
I expect this to hit the $23 level before retracement. By Friday, it appears $22 is very in play. The pressure from cancelling QE is overdone.
SLV will finally have a good day today it appears. Currently up about .20
Silver spot price up over night - currently silver spot price = $21.82, which is $21.05 for SLV (the high for today).
If it holds overnight, this may finally rebound nicely tomorrow.
I have positioned for a short-term pop myself - through short-term $21 calls. I think this rebounds short-term, falls into the teens mid-term, and recovers $40+ by 2015.
Seriously bro, just let it trade. If you're so confident that it's crashing, just let it. Nothing you say here will impact the price as nobody here has $100M bucks to swing this in either direction.
Go outside, smell the fresh air, listen to the birds, and take a deep breath. Your short will do whatever it does.
Call option volume 2:1 Put volume today on SLV. It is really meaningless however as it could be either a) SLV holders hedging against further downside b) long call buyers expecting a rise
Regardless of the situation, it's probably more bearish than bullish as the big $$ boys writing the options almost never allow excess finish in the $$.
I'm with you on this 1 actually. I've been watching from the sidelines waiting for Silver and gold to correct for quite a while but I actually see market conditions creating a short-term bounce here.
I do not think silver is a good long-term buy YET. Short-term I can see $23 - $25. Longer out, I think this will be in the teens again before it's worth buying.
I'm currently loaded in a short-term bullish play.
This most likely has temporarily bottomed short-term. A bounce to $23 is not out o the question here. I would not be a buyer if you intend to hold longer than 30-days however as metals are currently propped up by the feds printing presses.
By this time next summer, I would expect this to be back around the $12 - $14 range but MANY unforeseen factors can impact that.
Max pain for close today was 58
Max pain for OPEX is actually $58 but I doubt anyone can bring it down much by EOD. Im guessing a close around $58.75
To anyone reading this - my buddy just confirmed hes FOS and this is not accurate information. He sent me a message about this from FOTW and when I asked him to forward it to me he said "jk LOL" so this is, as expected, BS
I have no skin here but I received an alert from fly on the wall that Facebook is in active talks to acquire BBRY and negotiating with the board for share price - expected to be somewhere around $19.
I would imagine if I were a BBRY shareholder, this would actually be quite disappointing, especially if I had been here since $20 or higher.
Also, thanks everyone, for pointing out that this is a risky purchase....you are so brilliant.
Watching patiently today. This is the first time in a LONG time that I have held calls overnight. Also, I did not buy these 'hoping' it goes to 16.50. I bought these thinking that $18 is a real possibility.
Blackberry Live annual conference starts tomorrow. The CEO speaks, they parade a bunch of investors, analysts, tech reviewers, etc etc. The buzz should drive the price up unless the reviews are terrible but I expect them to also launch a new product or 2 as well.
Cheers.
I bought 250 weekly $16 calls for .35 each and 117 $16.50 calls at .19 each.
I'm either a very happy camper this week or stuck with a broke checking account.
I think this event tomorrow throughout Thursday will drive the price of this up and finally get a short covering rally going. Also, if it comes out that Icahn is on board here, this will be $20+.