Big Boys Loading Puts

OEX PC ratio at this time: 1.93. Big boys held the day to load puts. i.e. we will get a down week. But how big down? You may ask Blu.

OEX PC ratio at this time: 1.93. Big boys held the day to load puts. i.e. we will get a down week. But how big down? You may ask Blu.

Who do you suppose it was that sold all of those put contracts?

Edited by swinger, 28 April 2008 - 02:47 PM.

Thats exactly what I think but some of the charts are confusing me? What is blu's target? I am gonna buy puts too. The smart boys know how to make money, because they control the market. Whales soon swim in the same direction with the smart dudes (dolphins) and I feel like a plankton among them .....drifting with the flow.

Thats exactly what I think but some of the charts are confusing me? What is blu's target? I am gonna buy puts too. The smart boys know how to make money, because they control the market. Whales soon swim in the same direction with the smart dudes (dolphins) and I feel like a plankton among them .....drifting with the flow.

I'm looking for the SPX 1290/91 area by May 6.

The OEX players are smart players generally and not wise to fade most of the time. The SPX players are usually institutional players and most of the time they can be faded. Their P/C ratio is also high at 2.55 but not as high as it could be. Interesting read.

blu

Thats exactly what I think but some of the charts are confusing me? What is blu's target? I am gonna buy puts too. The smart boys know how to make money, because they control the market. Whales soon swim in the same direction with the smart dudes (dolphins) and I feel like a plankton among them .....drifting with the flow.

I'm looking for the SPX 1290/91 area by May 6.

The OEX players are smart players generally and not wise to fade most of the time. The SPX players are usually institutional players and most of the time they can be faded. Their P/C ratio is also high at 2.55 but not as high as it could be. Interesting read.

blu

Since the 6 trading days between now and then are by far the strongest trading days of the month, that would be quite a shock to me!

I suspect that instead, we will be nicely higher on May 6th. That's why I sold lots of DIA out-of-the-money puts last week. We'll know soon enough.

http://www.cxoadviso...al/blog8-24-06/


Scott

Thats exactly what I think but some of the charts are confusing me? What is blu's target? I am gonna buy puts too. The smart boys know how to make money, because they control the market. Whales soon swim in the same direction with the smart dudes (dolphins) and I feel like a plankton among them .....drifting with the flow.

I'm looking for the SPX 1290/91 area by May 6.

The OEX players are smart players generally and not wise to fade most of the time. The SPX players are usually institutional players and most of the time they can be faded. Their P/C ratio is also high at 2.55 but not as high as it could be. Interesting read.

blu

Since the 6 trading days between now and then are by far the strongest trading days of the month, that would be quite a shock to me!

I suspect that instead, we will be nicely higher on May 6th. That's why I sold lots of DIA out-of-the-money puts last week. We'll know soon enough.

http://www.cxoadviso...al/blog8-24-06/


Scott

Hi Scott,

While that strategy can be a profitable one, I think you are playing chicken with a Ruskie Typhoon in waters just off Leningrad.

There is a wicked bearish divergence on 5 day NYSE advancing volume and both the number of new highs and new lows being recorded is indicative of a very unhealthy market.

This market is heading back to 1340 whether we like it or not in the next few weeks.

In any event kudos to you cuz your balls are made of steel.

Boy from Oz

If there is much in the way of down tomorrow and there could be, it can't close down by much ~.5%.
NDX 2000 by end of week?

Thats exactly what I think but some of the charts are confusing me? What is blu's target? I am gonna buy puts too. The smart boys know how to make money, because they control the market. Whales soon swim in the same direction with the smart dudes (dolphins) and I feel like a plankton among them .....drifting with the flow.

I'm looking for the SPX 1290/91 area by May 6.

The OEX players are smart players generally and not wise to fade most of the time. The SPX players are usually institutional players and most of the time they can be faded. Their P/C ratio is also high at 2.55 but not as high as it could be. Interesting read.

blu

Since the 6 trading days between now and then are by far the strongest trading days of the month, that would be quite a shock to me!

I suspect that instead, we will be nicely higher on May 6th. That's why I sold lots of DIA out-of-the-money puts last week. We'll know soon enough.

http://www.cxoadviso...al/blog8-24-06/


Scott