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Post by macwire on May 10, 2013 9:55:42 GMT -8
Saw a tweet from a CMT that there are 41.5m shares of short interest in AAPL.
Do with that what you will (squeeze fuel?)
Edit: significance of this is that it's the highest since 08
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Post by Deleted on May 10, 2013 9:59:50 GMT -8
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Post by appledoc on May 10, 2013 10:21:35 GMT -8
The moving averages are confusing me. Most sites don't do a dividend adjustment to them, although it seems like they should. Yeah I'm confused too. I think I'm using non-divy adjusted numbers, but the stock bounced right off the 8-day, so what the hell But if the dividend was 50.00, and we were at 400 right now, we wouldn't be alarmed that all of the moving averages failed. I don't typically pay such close attention to them, but since we're right around the SMA100, I want to know exactly what number I should be using.
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Post by Deleted on May 10, 2013 11:09:02 GMT -8
Yeah I'm confused too. I think I'm using non-divy adjusted numbers, but the stock bounced right off the 8-day, so what the hell But if the dividend was 50.00, and we were at 400 right now, we wouldn't be alarmed that all of the moving averages failed. I don't typically pay such close attention to them, but since we're right around the SMA100, I want to know exactly what number I should be using. Take a look at OI for the Weekly CALLSITM $445 406 $450 2096 OTM $455 6451 $460 12221 PUTSOTM $445 10383 $450 11069 ITM $455 8507 $460 8042 Note how a Close at, or about, $452.50 splits least cost to the MMs. My Spread buyback yesterday was $5.00 to high. Had I interpreted max pain like this, instead of my $460/$462.50 range, today's results would have been very different. What a difference a $5.00 Strike makes.
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Post by rickag on May 10, 2013 11:24:22 GMT -8
… And with all these Sports arenas being funded significantly by taxpayers, why any Blackout is possible is beyond me. I really hope this goes through and comes to Canada as well. The concept of eliminating blackouts because taxpayers funded the stadium seems ... Well ... Kind of odd. As a taxpayer I would like to have the bonds paid off quickly and since the more people that pay to attend games would facilitate paying off my debt could it be blackouts benefit me? Just saying, sometimes our government works in mysterious ways. Note: I'm not arguing for or against this proposed bill, especially not in this forum.
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Post by wheeles on May 10, 2013 11:26:52 GMT -8
The moving averages are confusing me. Most sites don't do a dividend adjustment to them, although it seems like they should. I've said it before, but I fail to see why they should be adjusted. The price is just a number that people are willing to trade at. It is not an accurate representation of some theoretical value. If the price goes down because of some perceived change in value, then the moving averages will adjust over time.
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Post by Deleted on May 10, 2013 11:40:43 GMT -8
… And with all these Sports arenas being funded significantly by taxpayers, why any Blackout is possible is beyond me. I really hope this goes through and comes to Canada as well. The concept of eliminating blackouts because taxpayers funded the stadium seems ... Well ... Kind of odd. As a taxpayer I would like to have the bonds paid off quickly and since the more people that pay to attend games would facilitate paying off my debt could it be blackouts benefit me? Just saying, sometimes our government works in mysterious ways. Note: I'm not arguing for or against this proposed bill, especially not in this forum. Since virtually all local stations are viewed via cable operators, it would not be difficult to limit a black out zone from current station broadcast capability to 45 miles from the event. In most markets a 45 mile drive could take at least an hour. The number of spectators that were willing to drive an hour to see a live sporting event is not that great to begin with. The number that would be lost because the black out was reduced to 45 miles wouldn't be significant. Lost ticket revenue would be offset by rights fees in the increased 'broadcast' zone.
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Post by appledoc on May 10, 2013 11:47:43 GMT -8
The moving averages are confusing me. Most sites don't do a dividend adjustment to them, although it seems like they should. I've said it before, but I fail to see why they should be adjusted. The price is just a number that people are willing to trade at. It is not an accurate representation of some theoretical value. If the price goes down because of some perceived change in value, then the moving averages will adjust over time. That's fair. Regardless, the 100 day isn't going to be re-captured today.
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Post by wheeles on May 10, 2013 12:23:02 GMT -8
I've said it before, but I fail to see why they should be adjusted. The price is just a number that people are willing to trade at. It is not an accurate representation of some theoretical value. If the price goes down because of some perceived change in value, then the moving averages will adjust over time. That's fair. Regardless, the 100 day isn't going to be re-captured today. One thing that is worth noting is that with the advent of trading outside of regular hours, there is no longer a change in price from close to open that exactly matches the amount of the dividend. It's almost as if the expectation of a change in price fuels the move rather than the market makers marking the stock down like they would have in the past. With illiquid stocks you are still likely to see a markdown, but for a highly liquid one like AAPL that appears to be a thing of the past.
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Post by capablanca on May 10, 2013 15:17:35 GMT -8
The moving averages are confusing me. Most sites don't do a dividend adjustment to them, although it seems like they should. I've said it before, but I fail to see why they should be adjusted. The price is just a number that people are willing to trade at. It is not an accurate representation of some theoretical value. If the price goes down because of some perceived change in value, then the moving averages will adjust over time. Yes. Adjustments make sense to me only in the case of large special dividends. This is the underlying we are talking about not the options market; different story there.
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