i though that also,but than how do we account for the selling after hrs,and yes you are ABSOLUTELY CORRECT they should have waited til the opening,not pre mkt but the opening or right after.
this looks like it wants more retracement,the clue is on good news with instagram selling actuall continiued see the after hrs quote,also next week the mkt really should start another small correction.i dont think we see 75 til after earmings .
in after hrs post the instagram announcement fb dropped another 9 cents,this is a bad sign for mon,heres why,the stock didnt respond at all,whe news comes out a stock should actually respond to this one did not,its the first time that my intermediate view of fb is tepidly bullish,on fri i thought for sure post option we would move up.
options guys are the one being kileed,virtually every friday calls at the next o or 5 strike take it in the butt,today is no exeption as i promised you guys all week,the question is do they take out 69 options.,looks promising
i promised you guys that this would make a run at 69 and test it,we are getting there,the last domino for that to happen is the overall mkt to fall,it is and really getting worse.fb will close at 68.80 days end.bank it.,its based on the mkt collapsing or just traders getting out before the weekend so not to have to deal wth the ukrain
looks like we are starting now,stock now down 69.75 and really selling on that 100 mil instagram deal news.i think they take it to 68.50 getting thiose guys out to for fear of being worthless,the 69s are now being kicked,and are trapped,living on a prayer they dont get hammered more,im calling now for a 68.80 or so close
no,todais and was about expiring as many options worthless as possible.mon this may have some effect.looking to take out 69 contracys and scaring the 68s later today.
the worst thing to happen to the markets was weekly options,a day and a half every week is tied to some form of expiration
the mkt is now ready to go red things are deteriating in the ukrain and fb had a nice run up the last 10 days,theres zero justification for fb to go back over 70 todayy and lots of reasons to close in thlow 69s or maybe a high 68 if the sell off accellerates,a possibility,but add options expiration and its pretty doubtful that this makes a real run.
if the mkt sells this will get to the low 69s,assuming traders do not want 70s to be exercised theres no reason for them to butress,it will fall with the mkt,ive assumes since last week that the big up was bull trap on short term options guys./68.79 as i post
70.10 or 69.90 wherever they are comfy in the buying.we wont see higher than 70 25 rest of the day barring outside factors,looks like they want the 69s,and 68s possibly there feels like decent selling pressure.69.90 as i post
haines was terrific and i too miss him,bright and honest guy
im stunned we broke 70 so early but bounced,it tells me that not only 70 calls are vulnerable but if the mkt really retreats 69s and 68 all could be crushed this afternoon.
a lot of these negs are not shorts,that are folks reflecting the options issues, you can be cynical and bullish
i might buy on the close,by than the options activity for the week will be over.of course if this rally continues to fade than maybe not
i would buy once it breaks through,it likely will test 70 but mon start back up.stocks now trade ontheir own 3 and a half day a week,the other day in a half is positioning by options traders,is #$%$ for investors.