Concordia Healthcare Corp. T.CXR.R

Reminder that Options for CXR Stop Trading Tomorrow

[ChartSchool]

Options stop trading tomorrow, and also a reminder to check the TSX Market at Close Imbalances at 3:40 pm tomorrow.  This may present an opportunity.

Last month on December 18th many of you will recall when the closing price did a "swoosh" because CXR had a 520,000 share imbalance at MOC - no doubt due to options trading expiry.

[fdfd12]

Yes that is correct. We had a swoosh and I had to calm everyone down. MOC is everyday but for some reason, onpitons expiration Friday is the one which has the most volume. Also ex-dividend was Jan 13. This means that even if you sold yesterday, you get the dividend.

[argentia77]

A few questions: 1) Can you explain how a market imbalance at MOC causes the sp to "swoosh" ?  2) could it swoosh up as well as down? and 3) is the swoosh predictable from the imbalance shown prior to close?   

[fdfd12]

Yes it can go up or down. I consider myself an expert in this field. At 3:40, everyday, the TSX releases stocks with buys or sell inbalances. For some reason, during options expiration day, it is more. I have seen once, 1 day before option exp. being violently more. The way it happens is if you have a stock that say to buy 10,000 shares on the report, it is like, at 4:00PM, someone presses market

[argentia77]

Thanks for that detailed explanation fdfd.  

[fdfd12]

My pleasure

[ChartSchool]