chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Dec 15, 2017 7:50:53 GMT -8
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Post by dreamRaj on Dec 15, 2017 11:03:08 GMT -8
Damn! This is the quietest it's ever been in here. We're up well over a buck! That's good enough a reason for everyone to be here... rejoicing
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Dec 15, 2017 11:04:29 GMT -8
I have noticed that ITM calls are in high demand early in the day but then drop in the afternoon. Does anyone know how to interpret this?
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Post by BillH on Dec 15, 2017 11:11:51 GMT -8
I'm rejoicing. Maybe the 17th thing made them worry about this being a time warp. .
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benoir
fire starter
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Posts: 1,319
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Post by benoir on Dec 15, 2017 11:36:08 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Dec 15, 2017 12:16:42 GMT -8
I'm rejoicing. Maybe the 17th thing made them worry about this being a time warp. . Oooops! Fixed
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4aapl
Moderator
Posts: 3,655
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Post by 4aapl on Dec 15, 2017 13:37:24 GMT -8
I have noticed that ITM calls are in high demand early in the day but then drop in the afternoon. Does anyone know how to interpret this? I normally chalk it up to the writers closing out their positions, possibly before a move. Years ago there was a good post somewhere (how vague is that) explaining the how/why of the stock price often getting pegged to a strike at expiration. Basically the ins and outs of the writers having to buy or sell stock to cover their positions, and that action pushing the stock around to a strike. IF that doesn't have to take place until the day of, it seems to be that someone could just close out the position instead of buying the stock. The volume was big in the first 75 minutes when I checked....maybe it was nearing 13M, roughly half of the average daily volume. That could have been from the covering. OTOH, maybe Buffet decided to buy more, or Apple, or anyone big. It wasn't me...and I'm not anywhere close to that...though I probably could buy enough options at some obscure strike to get one of those silly "the options market see's AAPL at x by June" In non-AAPL news, ski season has started at our town's small ski area, it's 50 out and no new snow is expected soon, and the tax vs forced medical plans are crazy as always....if our AGI is $100k, our subsidy changes from ~4.5k in 2017, to $14k in 2018...I guess that means the 2nd lowest Silver plan is going up considerably. It's just always strange to me when there is a cliff instead of smoothing in the tax code. For health insurance for our family, that cliff is at an AGI of $115,xxx, where the subsidy goes from something like $12.5k, to $0, by making $1 too much. Keep up the great work AAPL. I'd love to be wrong....or have things change....for Jan expirations. Bring that 170 OI down a few thousand a day....
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Post by artman1033 on Dec 15, 2017 13:47:33 GMT -8
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4aapl
Moderator
Posts: 3,655
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Post by 4aapl on Dec 15, 2017 14:20:13 GMT -8
That's a really funky trend line on the short term, with consistent ~15% swings on the older iPhones. But it looks like with the offset for UTC, the older iPhone peaks are around midnight PT. So that gives a whole lot of older iPhones somewhere....with the easy answer being in India or other places where older iPhones are more of the product mix. No problem with that....mine is older, at the moment. Just trying to understand the cyclical nature of that graph.
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Post by tuffett on Dec 15, 2017 18:06:15 GMT -8
Repatriation tax has gone up to 15.5% to cover the other concessions made in the tax bill. Still a win for AAPL.
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