RE:RE:RE:RE:RE:RE:Avoid the Noise, Ride the Swings & Add to your Core PositionThanks Savage. The market mover I expect is making gobs of money on the underlying derivatives. Knowing which way they are going to swing it would differ as to what they are doing with contracts.
Just for example the $7.50 Puts yesterday hit a low of $14 per contract and now they hit $92 per contract this morning. Lots of big percentage moves back and forth as the MM whipsaws the SP back and forth.
A few weeks ago I noticed / posted about the $6.50 Call contracts that had odd actvity on them based on where the SP was trading at the time. As the stock mooned they went from $4 a contract to a high of $267 a contract by end of the week. If the MM knows where they are swinging it to then why wouldn't they capitalize on absolutely massive percentages like that.
I may have got into these Calls too quick, went with a few weeks out. Not going weekly yolo on these with only 1 day left in the week. My gonads are getting bigger on these with the more wins I bang out. These aren't for the faint of heart, that is for sure as they aren't all winners.
Savage97 wrote: Good Luck momo. I'm thinking you've been doing pretty well. Wondering if all those bashers on yahoo finance & stocktwits are just trying to get back in cheaper? IMO why short for small potatoes?