Mar10 expiry, 3000-3400 1x2 call spread; 10k bought at 54, ref 2720.
Indeed, I believe that's what I said.Quote from xflat2186:
They were also sold yesterday and today. You dont know the motivation behind which ever party initiated the trade nor do you know what they have on or did vs those trades. basically that info in nice but not of much value.
Quote from Martinghoul:
Indeed, I believe that's what I said.
As to the motivation, etc, I might know or I might not. I suspect I probably know more than you think.
At any rate, I'll happily post no more, as this information is unnecessary or confusing/misleading.
Quote from Martinghoul:
Indeed, I believe that's what I said.
As to the motivation, etc, I might know or I might not. I suspect I probably know more than you think.
At any rate, I'll happily post no more, as this information is unnecessary or confusing/misleading.
Yes, I am, in fact, aware that a trade normally involves a buy and a sell. The obvious question, as I am sure you know, my friend xflat, is who 'bot' and who 'sold'. Now I know that the flows I specifically mentioned above involve paper buying and the mkt-maker selling. As to whether these were new trades or profit-taking, I am reasonably confident they were new positions, but I do not know with certainty. I'll let you conjecture how I know these things.Quote from xflat2186:
Actually you indicated both times they were "bot" What I was pointing out is they were sold too and you simply donât know which side initiated the trade, were they opening buys? Buy to close? Opening shorts? Or sell to close?
Insinuating you know more than you post is rather pointless, since youâve offered no proof. No offense but you can insinuate youâre the King of Siam too and it would hold as much meaning.
Itâs a rather good free and open forum so for what itâs worth post till your heartâs content!!
There was another forum or blog around I forget the URL which people posted what they thought were significant options trades. I found it pretty amusing how they would ohh and ahh as 2 or 3 thousand lots and believe that they all knew all about the trades from the prints. Made for good laughs.
Quote from Martinghoul:
Yes, I am, in fact, aware that a trade normally involves a buy and a sell. The obvious question, as I am sure you know, my friend xflat, is who 'bot' and who 'sold'. Now I know that the flows I specifically mentioned above involve paper buying and the mkt-maker selling. As to whether these were new trades or profit-taking, I am reasonably confident they were new positions, but I do not know with certainty. I'll let you conjecture how I know these things.
As you correctly point out ,there's no way to tell whether I truly know what I am talking about or not. I might be the King of Siam and/or I might be completely full of sh1t. I applaud your skepticism. I can only say that this is the nature of all information in the mkt, isn't it? Nothing is ever certain and we have to painstakingly extract tiny grains of truth out of massive amounts of bullshit. I am happy to not post if people think it's bullshit that cannot be adequately processed.
As to your last point, you'll notice I don't post flows unless they're reasonably meaningful in size.
At any rate, no panic. Peace and have a good w/e, ye good people of ET!