9 replies to this topic

[OEXCHAOS]

I've not been posting much in order to save my hands and get used to new keyboard and alignment, etc. It's not so easy. I did feel it important to advise of the following. The $-weighted P/C's show folks REALLY paying up for Calls. The OEX is at 0.41, the SPY is at 0.08, and the Q's are at 0.16. Something is going on here. I think it's Bearish, but just in case, don't over expose and pay attention. I smell a set up.

[dcengr]

I've not been posting much in order to save my hands and get used to new keyboard and alignment, etc. It's not so easy.

I did feel it important to advise of the following.

The $-weighted P/C's show folks REALLY paying up for Calls. The OEX is at 0.41, the SPY is at 0.08, and the Q's are at 0.16. Something is going on here. I think it's Bearish, but just in case, don't over expose and pay attention. I smell a set up.

They read I went short this morning and decided to fade me.

[A-ha]

I've not been posting much in order to save my hands and get used to new keyboard and alignment, etc. It's not so easy.

I did feel it important to advise of the following.

The $-weighted P/C's show folks REALLY paying up for Calls. The OEX is at 0.41, the SPY is at 0.08, and the Q's are at 0.16. Something is going on here. I think it's Bearish, but just in case, don't over expose and pay attention. I smell a set up.

Reminds me how OEX p/c skyrocket 4 months ago and made us think of an imminent top...

[dcengr]

I've not been posting much in order to save my hands and get used to new keyboard and alignment, etc. It's not so easy.

I did feel it important to advise of the following.

The $-weighted P/C's show folks REALLY paying up for Calls. The OEX is at 0.41, the SPY is at 0.08, and the Q's are at 0.16. Something is going on here. I think it's Bearish, but just in case, don't over expose and pay attention. I smell a set up.

Reminds me how OEX p/c skyrocket 4 months ago and made us think of an imminent top...

XD,

Mark is talking inverse here.. he says OEX p/c is low. .41, not 4.1. So he's saying people are buying calls with two fists. Which he's taking as contrarian.

[Rogerdodger]

I've not been posting much in order to save my hands and get used to new keyboard and alignment, etc.

Thanks for the update boss.
Take it easy or you could end up like me.

[Sentient Being]

Mark, you using one of those keyboards where the keys sort of form two separate bowls? I saw a guy yesterday at work that took it a step further. he has a normal desk like anyone. But the ergonomic Keyboard sits on a little platform that comes down at an angle almost to his chest or waist area. On that platform he rests his arms while he types. It has a curve in it where he sits and sort of wraps around his body just a bit, deep enough to allow him to lay his arms down on it rather than hold them up while he types.. Not only does it take some strain off his wrists but he also says it stops the ache he used to get in shoulders and neck. I remember now seeing some people using arm holders a long time back. This thing is a bid differend as it's all one big board that angles down and he can lay his arms on it anyway he wants. The things people do to be able to keep typing for a living!

Edited by Sentient Being, 09 January 2007 - 11:47 PM.

[A-ha]

XD,

Mark is talking inverse here.. he says OEX p/c is low. .41, not 4.1. So he's saying people are buying calls with two fists. Which he's taking as contrarian.

I know and that is why I said "reminds me" because that high OEX p/c was a hedge against their long positions.
This low P/C Mark mentioned could be a hedge against their short position.

[OEXCHAOS]

It's across the board, guys. Also, the SPY and QQQQ $ volume dwarves the OEX. It's not that they are buying so many calls, either. It's that they are paying so much for them. You only pay up for calls for two reasons, I'd guess. 1 you have to in order to protect a position, or 2 you don't know any better.

[maineman]

It's across the board, guys. Also, the SPY and QQQQ $ volume dwarves the OEX. It's not that they are buying so many calls, either. It's that they are paying so much for them.

You only pay up for calls for two reasons, I'd guess. 1 you have to in order to protect a position, or 2 you don't know any better.

The price for OEX puts yesterday morning during the brief period of strength was unusually high, too....



mm

[OEXCHAOS]

SPY Put/Call open interest is 2:1.