If you take a look at mcd in November '02, you will see a gap down and prices falling further, although no LOD after gap down. This was one of my short plays, locked in profits on second day after gap down. But now I see the point of yours and the other longs. Yes, standard deviation could matter and somewhat of bullish candle after the gap occurred, hmm. I wasn't that case sensitive in that bear market when it came to shorting, but the market isn't that weak as it used to be. Maybe I will cover on Monday. Anyway, thanks for some new ideas. So you longs are watching out for that ADRX situation, which shows some parallels, dammm.
Covered my short too. Something told me to roll into a put option with a lower delta, and I am so glad I did. I took a loss but it was within the tolerance of my system. I have also noticed that AFFX is not rising in proportion with the rest of the market as yet.
Also try to sell a put on Affx. Think my quotes with IB are not OK. I see the best offer in May 15 Put as 0.55 (at the moment), but I have a sell order for 0.50, so I should see my offer? Can you please take a look and tell me what offer do you see?
changed my offer to 0.45 for a second, this time I could see it in the order book. But now my order is 0.50 again and I see 0.55 as best offer. Is there somebody playing with my balls?
Don't know. I don't argue with the MMers. I take the ask and sell the bid. Spread is almost always .3-.4, so I use strategies to compensate for this.