500k calls on PCU
- Thread starter IV_Trader
- Start date
Sorry I mean to trade 5.... I must have hit the double 00 button a few times before I hit send...
Mostly sold. Only 39% of the 121k May 100s were bought on the ask. 30% of the June 75, 80, 85s were bought on the ask.
Why don't all those call buyers and sellers take their liquidity to the copper options on the COMEX? Volume and OI are pathetic.
That way I can exit my call spread(instead of waiting til june 27 expiry) without being hate fucked on the b/a spread.
That way I can exit my call spread(instead of waiting til june 27 expiry) without being hate fucked on the b/a spread.
It is my own Java application built in DTN's IQFeed.
It still needs some work on the "OddFinder", but here's a screenshot.
Legend:
Bull% = % of trades occuring at the ask
Bull Pwr = Contracts * Bullishness (0.0-1.0)
Volume = Volume / OpenInterest
Bear % and Pwr are obvious
Total Pwr = Bull Power - Bear Power
$ Power = Dollar value of flowing in or out of this contract
Bullishness the percent "bullish" the trade was. 100% if traded at the ask, 50% if traded at the midpoint, 0% if traded at the bid.
I run it over a watchlist of about 100 stocks every day and sort by Total Power. The oddities will completely jump off the page. If the Volume/OI was very high, the bull power high, and the dollar value significant, I'll take real interest.
I always confirm the technical chart makes sense, but generally these work pretty well.