Go to optionpaindotcom, and check. Max pain is the point at which the value of options plus puts is at maximum dollar value, the point at which both option buyers and put buyers lose all their money--that number is usually the target of all manipulators of stock price on option expiration day.
Looks like this one is over, the next CLASSIC option expiration is mid January, and although there are weekly options etc, the targets of opportunity remain the classic one monthers.
Just before the stock deadline to accumulate because FB must be on the S and P, and folks are looking to 20 Dec as end of that game, Zucky sells and dilutes at the high.
Very smart move, since institutional shares are slow moving--so the dilution to the retail investor may be mitigated--and both the increased shares "out there" in retail land may not take a hit after all.
Mortgage rates are already up one percent, here comes the rest of it, it's only a matter of time, as the market parties thinking Walmart nation is going to save the economy. But the length of the taper, maybe a year, means the MREITS have an abundant time to rebalance.
How long will this party last? How long will a plane fly with one engine? Answer: All the way to the scene of the crash.
It sure plays out as heads I win, tails you lose, and the more inflated the market in general, the worse it gets. Bernookie only had to yell taper, and nothing happen, for interest rates to spike up one percent for mortgages, and banks still getting money for next to nothing, their profits just went through the roof.
tapering fights inflation, inflation is precious metal's friend, but you're fighting a market selloff if tapering starts, no matter how dumb that is, winners get sold with losers.
no tapering means inflation monster continues to build steam, even if it isn't in the official figures (which neatly remove food, fuel, clothing, shelter, anything valuable to get the numbers so they read the way they're "intended" to read.) This is PM friendly, but runs right into the useless inflation figures, which haven't taken into account the dollar a pound growth in the price of chicken and bacon, a whopping 20%, and that is the tip of the iceberg.
PM are the right place to be, but this "time" you can be dead right. This knife has been falling fifty percent since whenever, and I'd wait for the turn to go long.
Yes. Ease of entry into the groupon model has turned their site into a fiasco. Rather than buying a loser, go into business with the same easy entry model--but I don't see FB going into the retailing business.
Plus, Bernookie isn't shaking the tree as he learned not to do last May, and this meeting and the next will show language that says, "improvement is gaining but fragile and employment improving but far from robust, we could taper in a more sustained robust environment, but with inflation low, we stay the course until I leave and drop the hammer on the ugly broad that replaces me. Gee I wished they'd have elected Elizabeth Warren, she's no kid, but compared to this dog the Senate is about to affirm, she's a pornn star."
Something like that, and end of January Bernookie is back to academics and looking for cheap hair transplants.
Don't worry, after ok'ing budgets, they still have to ok debt ceilings, which they think puts a floor on spending, and is the next order of gridlock.
It's one thing to approve a budget under the mandate you have to have the money to spend on the budget, and another thing (to Congress, not any fourth grader with a computer) to authorize borrowing to meet the spending requirement.
See how that doesn't work?
...and a totally meaningless rant that will go nowhere. The issue is, whether the herd of cows investing because they THINK bond buying fraud works, will invest on a no taper scenario, and what that means to a safe haven like silver.
No taper, means bond buying, inflation building steam, and precious metals win. Eventually. I would tred cautiously at these levels, and save my energy ranting for some decent analysis.
Yeah yeah, end of year rebalancing (like adding FB mandatorily because it is now in the S and P 500) and "profit taking" are the usual suspects, but I notice you don't even take a stab at a reason, so you've said nothing
One put at 53 is $150 bucks, so, if you don't have $150, WHY ARE YOU HERE?
This was just added to the S and P 500 dork, which means it will be under accumulation by mandate until at least this Friday.
I was into bond yields and relationship to the Fed before you were born, twerp.
The shares have been cut by 40% on the anticipation that dividends will be cut. Under Yellen, don't expect tapering until 2016, she'll lower the objective to 5.5% based on the fragility of the recovery, (translation, the jobs created are $25K a year Walmart cashier quality).
I'll be buying all the way down from here on any more anticipatory nonsense.
but the politics of gun manufacturing demand that I use covered call options to cushion any sell off on gun misuse, like that of yesterday. I think we crater at about 12, so all of the rest of the pop is inherent in the general market and the inevitable announcement "no tapering", another red herring the financial press haven't a clue about.
I guess if he keeps reiterating his position for the next five years, on chance alone, he may be right someday.
I also think he has a great future as a weatherman, they don't have to be right either.
That they actually pay for this drivel is amazing to me, the rest of us have to earn our money.