maestrodrumboe wrote: lol.. Selling a couple thousand open call options per month means Nothing..so ridiclously insignificant..to gage it as a bullish indicator is laughable.most likely just a single pimper, who is betting that the price will go above the strike price to excercise his right to buy, but remember on the other side of the transaction is the option whriter who collects his premium up front and is most likely wanting to divest, but believes that the price of the stock is too cheap to Sell at the current price.
Gerrally speaking,heavy call option activity is an indicator of a Bullish sign,but a minimal number is totally insignificant,kinda like the number of shorts indicator..an increase in short activity means that investors have become more bearish and visa versa, more bullish, when we see the number of shorts decrease..
Well, I'll be darned!!..after trading Red all day we actually closed 2c green.
Could it be that they have set the Price of the options?
Like someone posted today,weekends are always Guud days for the megalongs..
JMO..Life is short ,Try to enjoy the weekend.
wintersun10 wrote: If it means anything. It is amateur hour. The Pros write or in other words sell those calls. Somebody is taking the risk of writing(selling) those calls. And the pros are willing to take the risk at the price.
Typically, the writers of those calls stand to gain, while the buyers are sitting on a decreasing asset. Time value just goes down.
Call buyers are the amateurs, the losers, the bag holders. You get the idea. Yeah, call buyers win the lottery from time to time, but it is the exception. MISTERFB wrote: So seems there are no puts on record but plenty of calls purchased. Do that still mean diddley squat. ?