It makes sense. But I have seen cases where all the open interest was puts and the stock tanked anyway. Maybe sometimes the public is selling
the options short to the market makers.
It's a waste of time to know anything. A distraction and worse. The time to buy is when things are bad and will get worse. So if you know something it hurts you.
Small time bag holding. And contrary opinion. Those are the two you need. Plus no stop loss. Ever!!!! I bought this 09/29/2008.... That's nothing. Chk out DCM + NTT which are more than a dozen years.
I am a small time bag holder. Will keep until people see that the commodity dependent Latin economies are beginning to turn around. In a few years.
It would be so great if there was such a thing as a trend.