155 replies to this topic

[dTraderB]

That was Round 2 last week as the Wall St Pros (WSP) waited for the best times to pounce and pulled the rug from under the 

 

Robin-Hooders who won the opening round with a record rally.  

 

Where does the market go from here? A retest of that low last week and then below SPX 2900. 

 

Or, the FED could offer soothing words that do no necessarily invalidate their comments last week but soften their dovish

stance and promise more $$. If so, expect SPX 3200 in a few days in OPEX week. 

 

https://www.marketwa...-the-stock-market-with-the-get-rich-crowd-vs-wall-st-pros-but-its-too-easy-to-blame-retail-investors-for-rampant-speculation-2020-06-13?mod=home-page

 

 

[dTraderB]

Yeah, they rally overnight and the newbies jump in ....

and then the Wall St pros tke profits. 

 

Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders

KEY POINTS

• CNBC’s Jim Cramer said professionals on Wall Street are taking advantage of amateur investors by bidding up downtrodden stocks in premarket trading. 
• “It’s a game. If it weren’t securities, let’s say it was Monopoly, let’s say it’s Draft Kings ... it would be so much fun,” Cramer said on “Squawk Box.” 
• “If people wanted these stocks, there would be plenty of supply if they would just wait until 9:30 a.m.,” Cramer added later on “Squawk on the Street.”

 

https://www.cnbc.com...od-traders.html

[redfoliage2]

Almost alll the big gains were from overnight index futures jumps during the runup from the low to the recent peak. Its not Robinhooders it was by the hedggies and CBs and their proxies. That guy was either lying or knows nothing. But he is the trumpeter for the Street.

Edited by redfoliage2, 13 June 2020 - 05:47 PM.

[dTraderB]

Almost alll the big gains were from overnight index futures jumps during the runup from the low to the recent peak. Its not Robinhooders it was by the hedggies and CBs and their proxies. That guy was either lying or knows nothing. But he is the trumpeter for the Street.

 

It appears to me that the conventional WALL ST crowd were sending it up fro about 3 am and then waited for the get-rich-newbies, Robin Hooderes etc to ramp it up during the regular session, and then the Wall St traders took their profits. This happened for several days. I consider some of some of those you mentioned to belong to the Wall St Pros. 

The newbies were hurt last week, many sold at the lows, so let us see if they buy the dip again. 

 

[K Wave]

I'm going to follow the price action, but with this insane chart, has to makre you at least consider the possibility of a bad break at some point.

 

Holy Smokes

 

https://twitter.com/...783626737401857

[Darris]

For a different view of the same Group, you can look at the average premium paid for all those call options to open.  Nothing speculative being seen right now except by those that want to see it.  The comparison is that in early 2000 as the Nasdaq Bubble was peaking, high priced stocks were seeing excessive premiums paid as price volatility shot straight up for 6 months.  Now, in comparison, we are probably seeing a high number of calls from this group because what they are buying is low priced.  The ratio shown below smooths the extreme out by looking at total premium divided by total contracts.

[Darris]

Here is a close up of the last two years.  Had some missing data in the post above from mid-2017 thru mid-2018.  

[Darris]

Based on this OCC data for all groups, it appears that when the Retail Traders executing 50 or more contracts per trade and the FIRMS are both active in Buy to open Puts and Sell to open Puts, that's when some downside moves occur.  That was posted last weekend since both groups had very high ratios two weeks in a row.  This week back to normal and in the low range.

[entre]

Where can one obtain this specific OCC data?

[dTraderB]

es buy limit filled 2990.5