QQQQ's really not finding any traction whatsoever. I wouldn't
make any decisions based on the OCT 31 Calls volume. You'll lose
two days (premium deterioration) and be stuck hoping for a bounce
Monday - leaving you with only 6 or so days until expiration. I
find it hard to believe that anyone is going to hold a position
over the weekend. I don't plan on it personally. Risk/Reward not in
your favor.
Could bounce right here but but do you want to risk it??
QQQQ Oct 31 Call
Posted by manson805 on 10th of Oct 2008 at 11:40 am
Lots of buying occurring in the Oct 31 Calls. Just an observation. Over 1500 purchase in the last 20 min or so.
October calls being bought
Posted by junkmaylbox on 10th of Oct 2008 at 11:50 am
Does it mean they are right or could influence the market to their side?
QQQQ Oct 31 Call
Posted by manson805 on 10th of Oct 2008 at 12:03 pm
QQQQ's really not finding any traction whatsoever. I wouldn't make any decisions based on the OCT 31 Calls volume. You'll lose two days (premium deterioration) and be stuck hoping for a bounce Monday - leaving you with only 6 or so days until expiration. I find it hard to believe that anyone is going to hold a position over the weekend. I don't plan on it personally. Risk/Reward not in your favor.
Could bounce right here but but do you want to risk it??
No, I am not playing
Posted by junkmaylbox on 10th of Oct 2008 at 12:08 pm
No, I am not playing any longs till capitulation comes. I was wondering if those fund managers were as irrational as I thought they were.