CL Redux

NoDoji · Dec 13, 2011

Quote from EON Kid:

no news, da boys are just running stops

Uh...stop runs tend to stop cold after several ticks. This is some serious buying volume.

JMC · Dec 13, 2011

Quote from NoDoji:

Uh...stop runs tend to stop cold after several ticks. This is some serious buying volume.

I'm showing almost 12k contracts in the 1 minute bar for 9:45am est.

NoDoji · Dec 13, 2011

I've always wondered, do institutional speculators use actual stops or do they simply hedge large positions?

Visaria · Dec 13, 2011

Institutions use mental stops, NoDoji.

Were you slipped badly though on your order?

InvestVision · Dec 13, 2011

short 100.60

JMC · Dec 13, 2011

I would think they would hedge positions. Maybe market orders used when liquidating positions per investor request or maybe due to margin calls? Really just guessing have no idea. Either way makes for some nasty slippage. 12k contracts x $2.00 = $24 million unless my math is off.

JMC · Dec 13, 2011

News was Iran is performing military exercises in the Strait of Hormuz.

riskaddict · Dec 13, 2011

I would take the rest of the day off. Shit I would take the rest of the month off if I even made 24,000 in 5 mins

JMC · Dec 13, 2011

Quote from riskaddict:

I would take the rest of the day off. Shit I would take the rest of the month off if I even made 24,000 in 5 mins

Amen to that.

NoDoji · Dec 13, 2011

Quote from Visaria:

Institutions use mental stops, NoDoji.

Were you slipped badly though on your order?

Not too bad, just 4 ticks

add: which didn't matter at all once that move got underway, lol