Deep down, more move down...Why are you so down? Oh, down under! I get it! (C'mon, when was the last time you heard this song, or saw the video? Should be nostalgia for you!)
So this means to buy a call with a strike price below today's closing price? I am so bloody bad at options. Nothing I learn about them ever sticks. I dunno' why.
And so an ITM call for November is expensive, and OTM call for November is cheep. A bullish trade idea, yes?
Are you saying buying an ITM call, which will make you money instantly if exercised, is same price or cheeper than an OTM call, which may expire worthless? I am missing something here, as usual. F it, the Bucs and Eagles are on now. Will revisit this at halftime.
Bullish week for U.S, Singapore, HK. Weekly market observation 15Oct2021 This has been a bullish week for global stock markets. Stock indices from U.S, Hong Kong and Singapore did well. It was mentioned in last week's market observation that if S&P500 moves up convincingly overcoming the 21-day and 50-day moving average resistance, it is a bullish sign. This bullish signal appeared this week. With the U.S stock market resuming its bullishness, it become safer to invest in Asian markets, given the strong influence of U.S markets on overseas markets. S&P500 daily chart S&P500 bullish signal on 14Oct2021 was earlier reinforced by bullish follow-through days on Straits Times Index (13Oct2021) and Hang Seng Index (11Oct 2021). Straits Times Index daily chart Hang Seng Index daily chart Broad market statistics generated by software I wrote scanning through all the securities currently trading in the respective stocks markets From the percentage of stocks above 21-day, 50-day and 200-day moving averages, Singapore broad market is in a stronger condition than Hong Kong and China markets. The number of 52-week highs exceeds the number of 52-week lows in the Singapore market. I am more optimistic about Singapore stock market than Hong Kong stock market. I have resumed buying Singapore stocks this week. Although Hang Seng Index looks bullish this week, the weak HK broad market makes me hesitant to buy HK stocks. The bigger worry comes from the weak China stock market. When this giant is weak, it is hard to be confident that the smaller HK market can stay strong. I will prefer to see a recovery in China's stock market before going aggressive in HK stocks. This message is a continuation of last week's market observation. https://www.elitetrader.com/et/threads/market-observations-and-actions.361931/page-3#post-5470099
Market Observer: themickey could be a little more kind! However, I think his point may be that your conclusion, although it could be right, might be based on "evidence" that, in itself, isn't enough to draw that conclusion. Does that make sense?