If "Oil short seller scramble buy to cover today" is really true then down we'll be going.
I invest for a living and a "short covering rally" always means we're going down.
When sellers are abundant it always means a massive downtrend to follow.
Below $2 this time.
It's all over for AMAZON people. (YOU SAW TODAY'S HIGH)
The last buying fool just loaded-up.
ENJOY MY KNOWLEDGE.
Any "losers" in here?
Please explain to us why you were so wrong about Twitter (that Saudi prince included).
I'll take away all of your money (again).
Watch & Learn.
No, I don't think Amazon will be going as low as $10.00 that's just way too low.
Enjoy! (very bad day coming on Wednesday for the markets because many funds have gone to cash).
Remember to "Sell in May and go away".
Also, "As goes January so goes the entire rest of the year".
Amazon $400 soon.
9.42 Down 6.58(41.13%) 11:58AM EDT
Prev Close: 16.00
Expire Date: 27-May-16
Day's Range: 9.42 - 12.80
Contract Range: N/A - N/A
Open Interest: 49
In receivership, a troubled business is placed in the hands of an appointed supervisor--the receiver--who's responsible for handling financial matters. Receivership is a common feature of Chapter 11 business bankruptcies, which allow companies to request a court's protection from creditors and to restructure or eliminate their debts. Other forms of bankruptcy, including Chapter 7 and Chapter 13 personal bankruptcy, involve the work of a court-appointed trustee. A receiver is more directly involved in the management of assets than a bankruptcy trustee. Receivership may also occur when a public agency, such as a financial oversight department, decides through a court-ordered mandate that a company or bank requires hands-on supervision.
Hope you were able to make money on my posted directional insights (from a professional options trader).
I know you're mad because you lost on your long call options positions today.
TOLD YOU SO SUKKA!
"Hindsight" is always going to be 20/20.
No I didn't "bet the farm" so no worries.
I trade options for a nice living and am fortunate enough to know the trading patterns.
For example, I knew that we'd sell-off into the close so I sold a ton of calls that went to nothing before the end of the session. I even warn buyers ahead of time but they still buy them.
Amazon should have closed at $690 this week but my guess is that since the Fed is going to start tightening this year there were big brokerage houses pumping and dumping at ton of shares. When that smart money chic on the talking heads show buys you know it's a certain "top". There were a ton of foolish smaller investment institutions buying Amazon this week (they have too much cash money now), who don't understand that the big brokers are selling them down the river. But this is how things go. Make a ton of money, and you have a fantastic weekend.
Next week I'm going to make another killing as I bought a ton of puts at the $700, $690, & $680 strikes for the 27th.
They'll be up an average of around 700% at some point next week, for sure, and I'll sell them then.
This duck is FULLY cooked and every pro knows it.
Here's how and why this always happens...
People going home early so fewer bids.
Greedy MM's start to sell all positions into the "fade".
Algorithmic trading programs start to cascade "sell" positions.
Automatic trades of expiring call options positions that are "in the money" always cause a nice slide lower.
It's all a ton of fun.
You'll arrive at $690.
This is how I always know the close before it happens people.
I am a professional options trader.
Learn something okay?
Happy weekend to all.
Enjoy my knowledge because it's unusual for me to post it.
I'll delete it within weeks (or sooner).
Learn something while you can people.
Economics 091 is in session.