The $CPCE has been below 0.50 the last 3 days. 0.4725.... 0.4598.... 0.4895... As Jason posted this morning. That happened 9 times in January this year, and 6 times in February. If you raise the bar a bit to 0.52 then 10 in January, and 10 in February. Both saw concentrations near the respective monthly expiration's, but more so in January. However, Spotgamma posted yesterday that the Open Interest in SPY Calls seemed to show closing calls in the money and adding some out of the money.
OK, This has more than a bit worried about longs prospects short term
Started by
K Wave
, May 20 2020 08:45 PM
74 replies to this topic
#22
K Wave
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Posted 21 May 2020 - 10:35 AM
SOX and SPX just set potentially very big pivots....
Let's see if bull can climb out of the hole or not
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#23
12SPX
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Posted 21 May 2020 - 10:36 AM
Hmmm 2945, might as well go for an even +20 lol!!
#24
12SPX
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Posted 21 May 2020 - 10:41 AM
And there we go but still nice for the day, +20 points, think I'll start to rebuild at 2950 as I think you guys are right!
#25
12SPX
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Posted 21 May 2020 - 11:21 AM
Ok starting short build average 2951.25 on the ES, so far.
#26
trioderob
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Posted 21 May 2020 - 11:28 AM
RUJ dog value rut 2000 leading the pack ....
run spx 500 to the 200 and get everyone bulled up
tank it just a little to make it look like a failure - burn the weak long hands
get everyone beared up for the "short of a lifetime"
burn the bears in the after hours and drive it over the 200
resume trend
#27
OEXCHAOS
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Mark S. Young
Posted 21 May 2020 - 12:03 PM
And here is the raw long side little guy data as of last Friday...likely even higher after last 2 days...
And again, could go even higher first...
Actually pretty amazing that the huge selloff did not even take the call purchases back into the old range.
https://twitter.com/...641345615216641
Is that a sign of confidence, or is it a sign of fear?
Mark S Young
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#28
gismeu
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Posted 21 May 2020 - 12:31 PM
And here is the raw long side little guy data as of last Friday...likely even higher after last 2 days...
And again, could go even higher first...
Actually pretty amazing that the huge selloff did not even take the call purchases back into the old range.
https://twitter.com/...641345615216641
Is that a sign of confidence, or is it a sign of fear?
If small traders get it usually wrong, then it is a sign of fear of loosing out, if they generally get it right, then it is a sign of confidence.
gis
If you can't buy Happiness, STEAL IT!
#29
CLK
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Posted 21 May 2020 - 01:16 PM
Looking for run up into 3012 tomorrow through Monday Globex, sell to 2800 from there on the open Tuesday.
#30
K Wave
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Posted 21 May 2020 - 01:36 PM
SOX dipping back under 1800..likely stick save or die right here....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
