Oct S&P Open interest "bubble" @1525

No the point I make is why bother posting you made money on something that already occurred? Thats not very difficult. I am not interested in your trades, i just get a chuckle out of those who choose to post winners after the fact.

Have a nice weekend.

 

Point well taken! Same to you.

 

BY the way check out the OI in the DEC 1525 and 1550 lines

 

piezoe, xflat2186 and Pabst:

Care to share your views on Nov S&P option open interests?

Thanks.

 

I'll bite, Sell naked puts and watch the money roll in by friday.

 

LOL !!!!!

 

Too funny. I forgot about this thread and I STILL have those 1530-1470p spreads. I'm nervous tonight will mark a swing low with a ramp into expiration. I'm not someone who thinks open interest at particular strikes pulls the market.

 

Do you think those who bought the puts I said to sell are laughing as well ?

 

Phuck, tell me you got out at the open!

 

I'll be the first to say, I didn't expect that gigantic squeeze all day into the close. That being said, I wish I would have paid more attention to OE today. This is beginning to look a lot like the OE squeeze on the last tank in late july/august? meltdown. Whether the OE gravitational pull has any merit or not, it sure worked like a charm the last time the option writers almost got hosed (remember that miracle coming out of nowhere right into OE?). Barring any major bad news, I'm expecting to see it travel and congest to around 149 area (light red bands) into OE.

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=1678184" border="0" alt=""><br /></font></p></font></p>