8 replies to this topic

[OEXCHAOS]

..a rat. Look at the SPX nominal P/C. Quite high. $-weighted, fairly low. Smart money buying puts, dumb money buying calls? Mark

[bighouse1006]

Mark, Thanks for all the updates!

[gorydog]

..a rat.

Look at the SPX nominal P/C. Quite high. $-weighted, fairly low.

Smart money buying puts, dumb money buying calls?

Mark

but OEX calls > puts intraday

GD

[Mtrader]

breath stinks, what else do you need?

[OEXCHAOS]

bad breadth too? (sorry, couldn't help it...) M

[hiker]

Mark, quant. studies on spx reveal a 2% move up most likely probability for today of yest. closing basis setup...just an fyi, since quant. methods succeed only on probabilities, not all the time

[thespookyone]

I smell the same rat, index puts getting bought hard here-probably a high number finish-they are selling this rally.

[OEXCHAOS]

..a rat.

Look at the SPX nominal P/C. Quite high. $-weighted, fairly low.

Smart money buying puts, dumb money buying calls?

Mark

but OEX calls > puts intraday

GD

SPX 10x the OEX and easy to hedge with the futures, too. Think like a criminal.

Those guys turn on each other at the thought of, let alone scent of blood. If someone has to liquidate, they will make sure it's at the worst possible price...and they'll make sure that they position for it.

M

Mark,

quant. studies on spx reveal a 2% move up most likely probability for today of yest. closing basis setup...just an fyi, since quant. methods succeed only on probabilities, not all the time

Problem is, anything that a quant study can see, somone's better system can exploit away.

I'm agnostic, but I don't like what I'm seeing in the options. We're not talking about dumb money so much as smart money doing something that suggests something's up.

Read: Manufactured Decline

[arbman]

This pattern keeps repeating: 1) Gap open 2) Sell off 3) Mid day rally 4) Sell off (usually lower lows) in the afternoon 5) Buying effort into the last hour, a bounce 6) Poor close, either sells off or barely flat in the last 30 mins It just keeps repeating for the down days and it is somewhat the same as yesterday, I expect a 2:00pm sell off now... - kisa

Edited by kisacik, 26 June 2007 - 12:56 PM.