3 replies to this topic

[johnmc]

Run up for cheap puts and then scream FIRE !!!

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&b=5&g=0&i=p76411455813&a=85018557&r=7686.png

[Rogerdodger]

Da_Cheif, Mar 9 2005: what caused it???...lol....you have to understand that in front of expiration....this market is maninpulated and controlled in order to accomodate the payday for the boyz.....huge money is made via options at the expiration...wed before the week of expiration they see to it hat expiring call options are served up very cheep........think like criminal.......

That's the " normal" bull market WWW.
But can't it work the other way?

My question last week has been answered:

Or was Wednesday's rally their chance to make money if the market closes down on opex?

Edited by Rogerdodger, 15 August 2007 - 08:58 PM.

[johnmc]

Roger, Good call, you were right on it. Sorry I missed out on your timely post. I'm a week late and a dollar short! john

[Rogerdodger]

It wasn't as much of a call as a question. I've seen it happen before but "they" usually are pushing it the other way. Sentiment has just been so neutral all they way down. Tonight we got a little bearish pop which may help the DOW hold the 200. For a minute or so anyway.