At end of RTH yesterday we were looking for a zone of 44.25-47.25. Now that we've traded to 49 with a lower delta reading, is the new zone now 46-49 or do we still have 44.25-47.25? The 934s are from this morning's AH, and the 927 are from yesterday morning's AH? In CD terms weren't those holders all gone at about RTH open today? So you'd be looking to see if price actually now trades through them to confirm the top?
Today I will be watching 946.00 to 949.00 as the area to see the reaction of order flow to those levels traded (though inventory is spread out from 944.25 to 949.00 now). Most of the held inventory is concentrated in the 945's/946's at this point. Price levels I mentioned before to trade down through are just price reference points......nothing too special.
Hey, glad to see you just can't resist this thread.....you may one day understand what we are doing! Keep coming back now.....keep showing us you just can't set this book down!!!
Yo AMT... with this slowly grinding move back up to 947.50 (11:45am PDT & 12:05pm)... have we added to or subtracted from CDV totals... thanks...
No change to the core group of net short holders from before......sellers are just non-reactive to these price drifts to the 947's so far. Intraday there has been a slight build in net short inventory from the last time 947.00 traded around 09:30 CST.
Seems like with all the shorties active in the market, and no more shorts getting active... there are a ton of stops above 48's that can get flushed out for a nice pop. No further downside continuation... no one willing to sell below 40! Shorts looking to be in danger unless they get active or longs liquidate?