Intereting timing on that huge call buy today. Probably a GS buyer on insider information. I know how the system works. It's pathetic...all you can do is buy good companies and hope for the best. AAL wil be a great company.
I agree. looks like mostly options arbitrage to me. Oil should not be a factor yet. I don't see how it can continue higher supply is good and economy is still slow.
This is just option arb guys causing the volatility. It will settle down once the merger is complete on Monday. If yo don't understand option arbitration go read up. I'm to busy to hold your hand.
Sorry, but you seem very naive. This is two profitable airlines joining to become the largest airline in the world. The new company will also, arguably, have the best CEO in the industry. I like the odds!
This is just stops being taken out right now. Professionals taking stock from the amateurs, the markets haven't changed in 100 years.
You were "spot" on congrats. Maybe you're in the wrong profession. I'm still trying to get my foot out of my mouth. LOL
Means the buyer of the call options is betting that the stock will rise to 30 or above by Jun of 2014.
Great point nimrod, from now on I'm only buying stocks where I "know" what's going to happen. I'll be rich!
Yea, trying to close the 23.50 calls out of the money. Stock will go right back up starting Monday morning. Watch and learn
These moron's couldn't calculate their mortgage. This is more likely options related activity.
The stock will be volatile today...probably finish at 23.99 so that all those 24 calls can expire worthless. It's all fixed...In case you didn't already know that.
At the close orders can be used by short-sellers to give novice investors the impression that "something is up". It's not and the stock will probably rise 20% b/w now and earnings.
Definition of 'Market-On-Close Order - MOC'
A non-limit (market) order executed as close to the end of the market day as possible. All market on close (MOC) orders must be submitted by 3:45pm on the NYSE and by 3:50pm EST on the Nasdaq. Neither exchange allows for the modification or cancellation of MOC orders after those times.
Also known as an "at-the-close order."