How do they read so fast?
#1
Posted 11 April 2007 - 01:08 PM
#2
Posted 11 April 2007 - 01:12 PM
#3
Posted 11 April 2007 - 01:15 PM
Then why wait for the exact second of the release? The reaction is always the very second. AS if they had the script ahead -- studied it all night -- and allowed to press the trade button only when releasedI think they first sell and ask the questions later!
Of course thats not for us the little people.
#4
Posted 11 April 2007 - 01:20 PM
#5
Posted 11 April 2007 - 01:40 PM
#6
Posted 11 April 2007 - 01:41 PM
Every floor trader must take an Evelyn Wood speed reading course before they're assigned a badge.How do they read so fast?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#7
Posted 11 April 2007 - 01:43 PM
The guys that bought all those OEX puts obviously had the info in advance--they ALWAYS do!
By the way--I have a third spike day in the OEX P/C today with the level in the upper 2's. Caution is surely warranted here.
I've got a question, perhaps someone might know the answer: Who has access to limit and market
order information in the GLOBEX system?
#8
Posted 11 April 2007 - 01:46 PM
#9
Posted 11 April 2007 - 01:58 PM
The guys that bought all those OEX puts obviously had the info in advance--they ALWAYS do!
By the way--I have a third spike day in the OEX P/C today with the level in the upper 2's. Caution is surely warranted here.
My theory on OEX options: These are used by big money for hedging. Let's say you are a mutual fund and you see your orders to buy from the public drying up or maybe increasing redemptions. At that point as a fund you might start to purchase puts in the event that this order flow results in a market correction. Multiply each of these individual funds buying protection and you see the spike. I assume the funds all watch their money in/out pretty closely and have an idea what happens when they see incoming money dry up. I don't really know but I do know that those OEX options are expensive and it has to be big money that trades them. I'm sure there's more to this than my simple example but it makes some sense. Its a way to see the elephant's tracks in the market.