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  1. Wolf Child is offline
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    Joined: Mar 2009 Posts: 887
    12-19-2014, 02:45 PM #351
    only gonna short 20k shares.... just for fun, like blackjack

  2. dm_4 is offline
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    Joined: Dec 2012 Location: Boston, Ma Posts: 3,029
    12-19-2014, 02:58 PM #352
    Quote Originally Posted by Wolf Child View Post
    only gonna short 20k shares.... just for fun, like blackjack
    hahah....cant stand being out of the action....same here man....i was thinking of buying some here at 3.49 area. Like you...just nibble to have some action

  3. denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 2,056
    12-19-2014, 03:04 PM #353
    I got my rocks off at 3.44 in early trading.......indeed addicted to that rush....


  4. Wolf Child is offline
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    Joined: Mar 2009 Posts: 887
    12-19-2014, 03:11 PM #354
    the suspense is fantastic!

  5. dm_4 is offline
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    Joined: Dec 2012 Location: Boston, Ma Posts: 3,029
    12-19-2014, 03:42 PM #355
    lol....just went in a different direction on impulse....bought 1000 shares of crox at 12.10.

    Talk about a degenerate gambler

  6. midas360 is offline
    12-19-2014, 04:37 PM #356
    You nailed it. Max Pain on SIRI is $3.50. With 20 mins left, watch them close it RIGHT ON $3.50

    Quote Originally Posted by Faulkner_SA View Post
    $3.50 has extreme gravity due to options.
    Last edited by midas360; 12-19-2014 at 04:40 PM.
    I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT

  7. kelly0995 is offline
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    Joined: Aug 2009 Posts: 20
    12-19-2014, 05:08 PM #357
    http://www.jdpower.com/press-release...-december-2014

    december looking good ,,,,and,,,,,2015 looking even better !

  8. dm_4 is offline
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    Joined: Dec 2012 Location: Boston, Ma Posts: 3,029
    12-19-2014, 05:14 PM #358
    Quote Originally Posted by kelly0995 View Post
    http://www.jdpower.com/press-release...-december-2014

    december looking good ,,,,and,,,,,2015 looking even better !
    thanks for the link kelly. yup good news

  9. dm_4 is offline
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    Joined: Dec 2012 Location: Boston, Ma Posts: 3,029
    12-19-2014, 06:16 PM #359
    siri commercial on the velocity channel. I just kinda stumbled on this channel today...seems to be all about good restoration type car shows. Nice to see siri advertising here.

  10. midas360 is offline
    12-19-2014, 06:59 PM #360
    I was referring to max option pain. It was $3.50. That's all.

    Quote Originally Posted by Faulkner_SA View Post
    Sorry but it doesn't have to close on $3.50. It was more likely to close below, and considering the opening of the put position was placed at 3 cents it should be expected the close falls within 3.47 and 3.5.

    This isn't a "they are...." thing. Options are sold hedged, almost all the time. Calls are sold and the stock bought, and puts are sold and the stock shorted against, or they are opened against existing positions.

    Thus the weight comes on the side of the long holder. Look at all options going into expiration as LONG ONLY, thus there is reverse pressure from option holders closing positions on or around expiration.

    Thus those who are LONG calls will cause selling pressure and those who are LONG puts will cause buying pressure.

    Yeah they may have offsetting positions on either end but there should be enough activity from each camp to push the price towards the strike, assuming it is already close and within the tradeable range.

    Next large position January. 60K puts at 3.50, 96k calls, and then 100K calls at $4. 50k at $4.50

    Two scenarios... close at or around $3.50 on no news, or close at or around $4 on good news between now and then. Anywhere in between is fair game though I don't expect over $4 close or under $3.50 close in Jan.

    The $2 puts at 158K open position can be ignored. Those were sold to fund a large put purchase last year that didn't pan out for the buyer. It is likely they sold the $2 puts to fund the risky play as SIRI would have a very very hard time getting under the $2 mark again without major calamity.
    I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT

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