looking to see if support sets up here in the low $9's $9.50 didnt do anything today. Pretty earthshattering to call holders.
Don't let your ego get bigger than your wallet, keep cool, drink a belt of whiskey, there's a bigger picture to see here.
The Man: "Hmm ... lets see boys ... how do we keep the premium on those 20,000 $10 calls we sold, cash in on the $10 puts we bought up without pushing down the premium value on the $9.50 calls we bought while at the same time securing the premium we were paid on the $9.50 puts we sold????
Well boys? Where's the ideal PPS at close? Johnson, what do you think, speak up!?"
Johnson: "umm, sir ... ummm, well ... "
The Man: "Out with it you heathen!"
Johnson: "Umm, sir, well according to the options profit maximization matrix ... $9.75 is the ideal closing price on Jan 18th 2013 for Arena for our short condor."
The Man: "Johnson, you must have Downs Syndrome, get outta my office!!"
The Man: "Jim, its Ariel, no, no I can't I have synagogue tonight but thanks ... oh, as I was saying; BLUE HORSESHOE LIKES THE ARNA $10 calls."
Gambling on options?
Gambling on options?
The whole market is a big casino, duder and the house has a big $a$ magnet right beneath the 00.
The moral here is be SHORT the monthly option with the largest open interest, because the bloody magnet is on that strike. God tuition is expensive at this University.
thats kind of a kdic response, but for the sake of generating argument ... long share buying any selling drive PPS ebb and flow ... Long shares are expensive, options ... not expensive in comparison. If a $10 call contract sells for $0.60 and the share sells for $10.80, I am at a loss as to why a large quantity trader, or groups of them would collude to sell off millions of shares held long and bought between $10-$10.80 in order to protect a $0.60 premium.
Thats the cart before the wagon. There is logic in it ... dead effing center between $9.50 call-$10.00 put. Same large traders buying and selling on both sides. just effing wow.
Just effing wow. just unabashed price pegging to flatten options premiums. Effing wow
Who are these divinely blessed people with golden horseshoes lodges cleanly up they #$%$
European Process is ongoing, DEA finalization coming to fruition, toilets at headquarters flushing properly ...
Management really let shareholders down ... I appreciate discretion, however ... a little more effort on company transparency goes a long way ... really disappointed at the carelessness considering the amount of anticipation.