Quote from TorontoTrader2:
Means little, could be a hedge.
A few times on OIH, SMH, QQQQ, I have seen simultaneous prints of 1-2 million block buys of stock, and then 10-20k block buys of front months PUT options (a hedge) , then the ETF rockets up the next day.
Most def. Just checking the options volume for the heck of it.
I hear you though. One of the main reasons why I missed this last huge run is because back in late August/early September, there was absolute insane put buying going on for like 6 or 8 straight trading days on the the NDX and QQQQ's in particular.
I couldnt believe it & thought for sure the market couldnt go higher & was heading for a head fake with the VIX being so low and all these ass clowns on tv coming out of the wood work pumping the markets. I am a swing trader, so for me, it takes a bit more time and strategy to get good quality entry points. I use stops also, which can even create more potential obstacles for missing runs. I got stopped out of Apple like three times and look at it now. Why would I possibliy buy it at $90 now when I had it in the high $50's? For my strategy the risk/reward here doesnt make sense. I am very interested in QCOM at these levels though for sure.
You are right, you have to take those prints for what they are worth. Its all relative to a particular strategy.
