expiration week trading

[flipper me]

Quote from S2007S:

From Etfdigest.com


Adding to what might be a bullish week is how options series are presented courtesy of our friend Scott Larison of Forefront Capital in NY.

"Large call imbalance points to an up-market this week:


As of close on 11 Dec 2009, the S&P500 front-month (18 Dec 2009) option contracts have a $103.5 billion delta (exercise probability) weighted open interest towards calls. This is the fourth largest call imbalance seen one week prior to triple witching option expiration since September 1997.



Strikes with the largest Open Interest as of Friday's close 12/11:



DEC 1050- Calls 209k, Puts 221k

DEC 1100- Calls 181k Puts 166k"

There'a alot of babble here. So where do you/he think the market will be at weeks end?

 

[Alexandre]

1100, nice round number

 

[bounced]

only way for the markets to rise would be severe drop in the dollar from FOMC news or surprisingly great new CPI/Housing Starts/Jobless Claims/Leading Indicators data

 

[flipper me]

Quote from bounced:

only way for the markets to rise would be severe drop in the dollar from FOMC news or surprisingly great new CPI/Housing Starts/Jobless Claims/Leading Indicators data

Looks like a need for breakout of the S&P range 1090-1120. Make tepid new range high and then head south.

 

[ET-trollbuster]

Quote from flipper me:

isn't this a trading website with real money?

surely you gest

 

[flipper me]

Quote from ET-trollbuster:

surely you gest

I do not. And don't call me surely.

 

[ET-trollbuster]

Quote from flipper me:

I do not. And don't call me surely.

so sorry, shirley

 

[piezoe]

Quote from bounced:

only way for the markets to rise would be severe drop in the dollar from FOMC news or surprisingly great new CPI/Housing Starts/Jobless Claims/Leading Indicators data

As a trader, I know you are joking.

 

[flipper me]

1110 looks to be a perfect over/under #

 

[Illum]

I'd say its flat and dojis all damn week. How many times can they gap it up, talk up some b.s. and then sell it to noobs? That is all they are doing, selling, they make it look so damn pretty, but they are just selling. This is retarded and I am at a loss for the stupidity of my fellow man, how long can it go on?

anyway, yea it ends flat.