You could take the year off on 50 contracts, I was waiting for Apple's Earnings and PBYI's ticker is $196 up $110 and a friend say's "You think it's a fluke", "nah, they must have cured cancer", it was breast cancer. Their results were stellar, did any of you catch that trade, great work!
Did any of you buy PBYI? I hope someone on Elite made a killing!
- Thread starter JesseJamesFinn
- Start date
Only 691 shares traded in the first 20 points up, then another 4000 shares over the next 20 points.
Remember the good old days of liquidity before the HFT "liquidity providers"
Remember the good old days of liquidity before the HFT "liquidity providers"
Clubber, did you catch any of that?
The HFTS they recalculated the price of PBYI that quick?
The HFTS they recalculated the price of PBYI that quick?
Nope, none for me.
I was trading MSFT when the PBYI news hit...and no shot was I paying up 40 points when I had no clue what they were expecting from their drug results.
What's amazing is that the august straddle was only 16 dollars.
Spend 16 to make 100. I miss trading biotech.
Spend 16 to make 100. I miss trading biotech.
Whats even more amazing is ya'll only post crap like that after the fact.
There are 100, 1000 straddles to buy. Good luck landing on this one.
Hindsite
My HLF play on the on the hand was quite tradeable in real time.
In ah there was no way any of the pikers here were about to trade that thing long or short. impossible to know where it would land. very easy to short too soon, and if you are going to pay 130,150, 160, for a long then you are taking a stupid risk.
It's a very interesting case study but given the last two posts here it's probably not worth discussing.
did you read the part where fewer than 5,000 shares were traded in the first 40 points up? Back in the ay of real stock trading, 5000 shares would have been the first leg in of one lone trader's position.
same with HLF... covers ground with smoke & mirrors, no liquidity. But HFTs are good for the market, add lots of liquidity. Times have never been better for traders, they say.