sitting around waiting for a pr one way or another. Just a joke
NO buyers or sellers out there. Kind of a stalemate here. Option writers are making a bundle on this sideways movement.
This is going to get ugly unfortunately..
Monday is a new day!
I would agree with you but tomorrow is Friday and weekly OEX. You just don't get those kind of moves but I sure hope you are right!
Real tough one tomorrow to figure out but there is a small chance we close above $212.50.. Gonna be tough but possible. Margin calls began today around 2:30 and should continue through tomorrow. Should be a slow and organized short covering so I don't expect to rise more than a couple of dollars tomorrow (unless there is news).. I guess we will see. An upgrade of some kind would surely help.
option writers threw in the towel yesterday and covered big time... That is why I believe we can close above $210 tomorrow. They had a good hold on her but have now capitulated, imo.
No reason to gap up but could see a steady rise intraday because of an organized short covering. I will say $220 is not out of the question by next Friday. jmho
would be a cool move..
we will see.
Just ridiculous how they let this garbage go on and on and on.
It is not the buyers that influence the stock it is the writers (sellers) that influence the stock price. Those are the people that will sell at the bid small lots to keep the price down. It happens all the time and is mostly done by algorithym's.. Just watch on OEX days and see how the price settles just below where they have written the most out of the money calls. Now if news comes out (like yesterday) it screws things up for them and they have to bring out more firepower to stop the bleeding. The writers did not expect news this week and were happy with selling tons of $207.50 and $210 calls all day. Now it is a battle because they have to make sure that the stock price stays below those prices but as I see a lot of them covered yesterday and capitulated so now the open interest has been reduced to 4499 from almost 15000 traded yesterday on the 4-10 $210 calls. The stock price should move up today because the writers have gotten out of a lot of their exposure to getting called away from their stock....
the many small players that will get their margin calls from Monday? Lots of people have to cover today especially in the afternoon. We will see.
Almost a $20 move over the past few days and almost a $30 move off its lows.. Many people shorting and now are caught with their pants down. Margin calls will begin tomorrow especially after 2 pm est. The option writers have had enough time to cover themselves with this unexpected news. jmho
Option writers win all the time and lemmings that don't know how to read it lose.! Will not lose all those contracts they wrote up to $210. Sucks and nothing is ever done about it so it will continue forever!