Concordia Healthcare Corp. T.CXR.R

Healthcare Biotechnology

TSX:CXR.R - Post by User

Concordia Healthcare Corp. > Reminder that Options for CXR Stop Trading Tomorrow

<< Previous

Bullboard Posts

Next >>

Comment by ChartSchoolon Jan 14, 2016 8:31am

137 Views

Post# 24457090

RE:RE:Reminder that Options for CXR Stop Trading Tomorrow

argentia77 wrote:
ChartSchool wrote: 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.

Argentia, it looks like fdfd answered all of your questions! I do have one general comment to make and that is that I expect MOC imbalances tol be significant tomorrow for the following two reasons. More people are using options to protect their profits because they don't want to lose 1 RX (never mind 2 of 'em). I saw a run for options last Friday at about 3:00 which made sense as investors had great uncertainty over what came out of China over the weekend and wanted to protect their profits. Secondly, now we have a market where margin clerks are very busy in some stocks and I would think (although I am not certain) that these sells orders are invoked as MOC orders.

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?