not trying to hijack thread but I am selling out of TIE near 3875-3935 entered near 73 (3650). we will re-enter after expiry; could or might see 40 though, but I have bull put spreads working which I will try to lift short legs on this week and roll strikes, and also have front 3750 strangle which I will hold into expry, possibly take delivery of one side . 3750 pinning also doable. IMHO this market is schizo! GL
A quick note to everyone although it might see un related to the thread. I see moderate volume today (except QQQQ and index socks) that does not justify heavy price drops. I believe it might mean we will have a rally tomorrow.
but it is expiration - won't see large vol. at this juncture - I don't think! The nasd m/m and other conspirators all know that expiry will result in certain price levels being attained until Friday close. Oh wait- its just a coincidence that specific even price levels are reached each and every expiry; no conspiracy possible! it's a 'free' market! IMHO
I respect your opinion h just offering a (possible) explanation other than a bottom being formed. That said - look for a small st reversal on Friday. IMHO
And I also respect your opinion and everyone's else. Your point was interesting to me because the volume today is suspicious to me. It seems buyers are on the sidelines and there are not too many sell going on. I thought that you had an explanation and I wanted to know. I think I am missing something in my observation.
Why not post this junk on your own journal. That way we don't have to be bothered with these delirious ramblings.
buyers and sellers stand aside since they all have come to 'know" the expiry shell game and thus the r/r isn't great at this level since most of the arbitrage/unwinding has occurred. So on a micro level they need to see which way tomorrow and Friday shake out before committing trading dough! JMHO - might be wrong