dest's overwrite journal

[vanzandt]

I said monday I was pretty sure the nasdaq would approach the 50 day. On the Q's that's about $369.
It'll probably reverse before it gets there, but I think weve topped out for now. $382 will be a cap. Its gonna flirt with that 50 day for a bit.

2 weeks later, its played out perfect. $369 was a magnet.
But now where?
hmmmm.

 

[destriero]

WTF happened today?

 

[SPX Options Trader]

FB to 360 on Monday-Tuesday open

Not to rub it in your face, but
It never happened. FB never went to 360 by Mon/Tues open. As per your assumptions, expectations.
Much to my cautiousness, cynicisms.

 

[vanzandt]

Not to rub it in your face, but
It never happened. FB never went to 360 by Mon/Tues open.

The quote/unquote "intuitive" part of moi... the gold...
And I've gotta be 100% honest here...
That part says you and D-Man are buds.
Imagine that.

 

[destriero]

Nasdaq was down almost half a percent and FB was in the green. AFAIK It's not Tuesday in NY. SPX-guy has dirt floors.

 

[destriero]

Nasdaq was down almost half a percent and FB was in the green. AFAIK It's not Tuesday in NY. SPX-guy has dirt floors.

*over half a percent.

 

[vanzandt]

*over half a percent.

Question...
Someone bought 4200 of the TSP $45 Oct puts for $8.40 this morning.
That's a $3.52M trade.
It was right in the middle of the spread $8.10/$8.80
Why would someone do this?
Why not use the $40's? Or if they're that sure, use the $35's.
OI is 5257
Could that a bullish trade? When its right in the middle, how can you tell?

 

[destriero]

Question...
Someone bought 4200 of the TSP $45 Oct puts for $8.40 this morning.
That's a $3.52M trade.
It was right in the middle of the spread $8.10/$8.80
Why would someone do this?
Why not use the $40's? Or if they're that sure, use the $35's.
OI is 5257
Could that a bullish trade? When its right in the middle, how can you tell?

No idea why someone structures the way they do. It was a bullish trade for one side. Probably a fiduciary hedging into locked insider position.

 

[speedo]

The quote/unquote "intuitive" part of moi... the gold...
And I've gotta be 100% honest here...
That part says you and D-Man are buds.
Imagine that.

That SPX guy is just an idiotic loser...best to ignore. The guy slithers from thread to thread trailing his loser stench.

 

[SPX Options Trader]

That SPX guy is just an idiotic loser...best to ignore

I'm an idiotic Loser?
Dest failed in that FB call, while I absolutely Obliterated it.
His post, still, got many Likes by sour, market, losers.

Be semi-respectable at this point, by just admitting I was right. Really right. and leave it at that.
FB was to rise to 360 by Mon/Tue open...,definitely did not happen.

I would outtrade essentially everyone on this forum -- And this is not ego, or hype, or emotion talking.
Then we would see...who is the True Loser, or losers,
I eat whatever you make in a month Speedo...in a day.