watch OPTION EXPIRATION week

[xflat2186]

Joe has no effect on the market and there are not enough Joe's for the pros to care about

 

[Martinghoul]

xflat is right (as usual), imho... I look at my delta and my strike risk. I don't care if I own puts or calls; all I care about is how many contracts I am long or short for every strike. Caveat: this isn't in the world of equities, but I don't think that should matter.

 

[traderlux]

Quote from xflat2186:

Put or call is meaningless you're either long the strike or short it.

Long the 16 put and long stock is the samething as long the 16 call. Max pain is a useless notion. Long the 17.5 call and short stock is the same as long the 17.5 put. Every pro who trades and makes markets in those manages it the pretty much the same way they're either long the strike or short the strike, put or call does not matter.

charlie rose








and then he fell

 

[hajimow]

Look at ADI chart and what happened to it After upgrade yesterday. It went to 30.40. You can buy March 30 call for 10 cents. You can easily get 200% profit in less than a week. Now the bid and ask are 5 cents and 15 cents.