Monday, November 18, 2013
When The Diva Is Away, The Market Makers Come Out To Play...
On a day like today, where even the Bitcoin hit $750 and is up 107% in a week according to CNBC, one really, really has to wonda when it's all gonna be ovah...
Although even Dear Carl Icahn is commenting on Twitter that the market might see a very big drop, I'm done trying to catch the top. There's no point in a diva like me expressing a point of view when one word from the Big Guys is worth more than a thousand words of mine. When the glove don't fit, they still don't acquit.
Every time I have a put, the underlying moves in my direction one day after expiration. Until I can figure out why this happens and how I can capitalise on it, I'm out...
Case in point: I had TSLA $125s and $100s and right after options expiry, TSLA dropped over $16 at one point today, closing off about $13.87 or -10.24%.
Why this week and not last week? Why, Mike? Why?
If Carl Icahn has his way, then my SPYs might finally go into the money...
-1.49% Roth IRA
+2.73% Hang Seng
0.78 Put / Call Ratio
0.138 Treasurys | DTCC GCF Repo Index
0.139 MBS | DTCC GCF Repo Index
-2.22% 5-Year US Treasury Notes
-1.14% 10-Year US Treasury Notes
38% Advancing Issues on NYSE | 32% Up Volume
59% Declining Issues on NYSE | 62% Down Volume
3% Unchanged | 6% Unchanged
35% Advancing Issues on Nasdaq | 24% Up Volume
62% Declining Issues on Nasdaq | 74% Down Volume
3% Unchanged | 2% Unchanged
Today's Major Headlines
JPM To Shoulder WaMu Bill
Boeing & Airbus Bullish On Global Demand
Frontrunning In the Forex