Earning My Keep
#1
Posted 09 January 2007 - 07:10 PM
Mark S Young
Wall Street Sentiment
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#2
Posted 09 January 2007 - 07:16 PM
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.
#3
Posted 09 January 2007 - 08:40 PM
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...
#4
Posted 09 January 2007 - 08:57 PM
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.
#5
Posted 09 January 2007 - 11:16 PM
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.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#6
Posted 09 January 2007 - 11:43 PM
Edited by Sentient Being, 09 January 2007 - 11:47 PM.
~ Johann Wolfgang Von Goethe ~
#7
Posted 10 January 2007 - 08:08 AM
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.
#8
Posted 10 January 2007 - 08:23 AM
Mark S Young
Wall Street Sentiment
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#9
Posted 10 January 2007 - 08:27 AM
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
#10
Posted 10 January 2007 - 09:25 AM
Mark S Young
Wall Street Sentiment
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