Maybe you have noticed too how Facebook will open down until the Big Money Mammas and Pappa Hedge Funds bully it back up to its previous Close or higher?
On the July Earnings I was trading the FB Weekly Calls before Earnings, had fun and made nice change when FB finally made it towards our goal of $100.00 I thought we would hit $100 until large amounts of shares kept pushing it down from the spiked up high of $99+ dow to $93.00 I move pretty quick, do my best not to hold stocks or options yet I did not know what to do after selling my Facebook Calls in to the $99 Spike. We both trade Facebook, I trade the Weeklies and I don't know if you trade the physical or leaps?
With FB she fell to $93, so I buy the $97 Calls again for $3.00 with time past its earnings date. I bought about 60 Calls, nothing huge. In to Facebook's earnings I posted a Sell Short of 2500 shares and they got filled at $97 and FB did a quick spike and begin its nose dive! I Shorted more Facebook and watched it blow past the big blocks on EDGX, ARCA, NASD. You never see this type of size during the trading day, they don't post 500,000 bid size, their more discrete!
I saw 250,000 shares on ARCA get smashed like nothing at $92, I joined in again. I was short 8000 shares of FB watched it destroy the BIDs at $92, someone puts out 98,000 on EDGX, another 150,000 on ARCA and 200,000 on NASD and their smashed at $92.30 with a ask of 500,000 showing at $92.30 driving it further down. When FB finally hit $91.00, I put in my BTC cover at $90.70 getting hit quick thinking, "Oh its going to hit $85 but why not let someone else have the money?" FB stopped selling at $90.00
We both know when it stops selling in AH after a big move like that, its time to jump back on. Grabb. I bought my first 1100 shares at $90.60, $91.40, $92 and near $94 before selling them all below the price point the Bulls try to force, $94.48 is where they filled.
The Openings of NYSE stocks. FB, I thought those calls would become worthless, wrong! Last Earnings in July I got cash back from those Calls, previous and the Earnings Call before July's the same thing happened. How do you trade Facebook? The Earning Call that helped us blow past $80 was great because its previous Earning Call was akin to my July FB. Have you noticed how certain NYSE stocks open up far better than After-Hours prices are?