Yall ALLLLL gonna be singing LOOOOOONG DECEMBER going into 2023 if yall don't get on the SQQQ escape pod. A long December and there's reason to believe Maybe this year will be better than the last I can't remember the last thing that you said as you were leavin' Now the days go by so fast And it's one more day up in the canyons And it's one more night in Hollywood If you think that I could be forgiven I wish you would
Midterms have historically been good, otherwise I'd be more convinced of a big splat in October. So it's got seasonality and psychology going for it despite poor fundamentals, the actual hike and inflation. I'd be cautious of shorts in the later half of September, but I don't think selling anything non-defensive is a bad play. Still think there be a will year end bounce at some point from said elections.
Upon this rock I will build my church. This rock = economy in ashes. My church = strippers and lambo.
Bought a put on IWM with Oct 21 expiration early morning. Will likely buy more if the pump during this short week continues tomorrow-Friday ish. The most sensible play would be to wait this week and confirm trend before buying, but whatever TA for btc looks bad with a potential 2-3k drop. Crypto has been a leading indicator for the markets this year. My 2 inflated cents.
Looking at NEOG Sep 16 30.00 Put. It has a huge Open Interest (166434). Anyone know what happens to the stock price if these are exercised?
This is interesting on OI being so high for ITM, like if someone takes a risk on it since the premium is basically covering the price it's at (nearly at or very small percentage to be in actual profit), it'd have to move in the right direction, let's say it did and someone wanted to exercise... iirc it might show in the order flow/blip on graph but it's not going to impact the price since these are separate agreed to contracts. The current value on the market in bid/ask order flow is what dictates the value. Obviously if someone actually took these contracts and with the OI somehow filled that much, maybe something crazy would happen but I still think it'd go back to whatever the market price is. I mean while the OI is 160k+ (from yesterday) the volume today was like 7. Someone better than my degen option gambling might be able to chime in w/ a better answer but hypothetical, it shouldn't matter because the market dictates overall price. I pretty much purely move contracts though, I wouldn't bother exercising unless there's a reason and usually the premium is going to make you more profit vs actual exercising.
