|
Post by phoebear611 on Jun 3, 2014 17:18:45 GMT -8
Dan Nathan? That anti-Apple retard? He makes me want to throw rocks at the TV. Back when I watched CNBC. In 2011. I taunted him on Twitter when he advised shorting Apple and AAPL went up. Because I am just mean and vindictive like that. ok well he thinks it's going to $700 in the very short term - right after the split - and he left this just for you JD
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Jun 3, 2014 17:31:23 GMT -8
Whatever happened to Jim Goldman anyway?
|
|
|
Post by phoebear611 on Jun 3, 2014 17:34:50 GMT -8
So people are buzzing out there (on blogs and on the boob tube) about the pretty massive trade that happened in the options world today. A client sold 8000 July 600 calls at $37.90 and then bought 10,000 7/680 calls at $4.10. These folks are making a huge bet that this stock will be at $684.10 or higher by July....but probably are betting that it happens somewhat sooner since the only catalyst between now and then is the split...which has everyone wringing their hands. I'm not so sure we get the retrace every technician is waiting for - and if we do it will probably be very shallow. Did you mean to reverse the sold/bought? That's a bear spread as written. It's probably a hedge regardless of the direction of the trade. It may be a hedge but I doubt it. To be fair - 10,000 calls at $4.10 is $4.1 million which is chump change for most hedge funds. I don't find that incredulous at all. And I assume Mace was saying it tongue and cheek when he called it a bear spread regardless. A whole debate broke out on stock twits on which was the sale and which was the purchase. So do with it (the info) what you will. Regardless of what it was - doesn't mean he/she is correct.
|
|
|
Post by VicaVale on Jun 3, 2014 17:39:29 GMT -8
So people are buzzing out there (on blogs and on the boob tube) about the pretty massive trade that happened in the options world today. A client sold 8000 July 600 calls at $37.90 and then bought 10,000 7/680 calls at $4.10. These folks are making a huge bet that this stock will be at $684.10 or higher by July....but probably are betting that it happens somewhat sooner since the only catalyst between now and then is the split...which has everyone wringing their hands. I'm not so sure we get the retrace every technician is waiting for - and if we do it will probably be very shallow. I saw the transaction come across my TOS stream this morning. It was curious because the July 680 calls are in red (which means they were sold) and the July 600 calls are in yellow (meaning they were between the bid and ask). Since the transaction was a spread and the 680s were sold, I deducting that the 600s were bought to make the spread a bull call spread 600/680. The transactions occurred at the exact same time on the same exchange for $33.80, with a payout of $46.20 if AAPL is above 680 in July. I could be wrong, so, if anyone reads this differently, please advise.
|
|
|
Post by phoebear611 on Jun 3, 2014 17:52:46 GMT -8
So people are buzzing out there (on blogs and on the boob tube) about the pretty massive trade that happened in the options world today. A client sold 8000 July 600 calls at $37.90 and then bought 10,000 7/680 calls at $4.10. These folks are making a huge bet that this stock will be at $684.10 or higher by July....but probably are betting that it happens somewhat sooner since the only catalyst between now and then is the split...which has everyone wringing their hands. I'm not so sure we get the retrace every technician is waiting for - and if we do it will probably be very shallow. I saw the transaction come across my TOS stream this morning. It was curious because the July 680 calls are in red (which means they were sold) and the July 600 calls are in yellow (meaning they were between the bid and ask). Since the transaction was a spread and the 680s were sold, I deducting that the 600s were bought to make the spread a bull call spread 600/680. The transactions occurred at the exact same time on the same exchange for $33.80, with a payout of $46.20 if AAPL is above 680 in July. I could be wrong, so, if anyone reads this differently, please advise. Looks like the most reasonable explanation thus far and you have pics to prove it....all I had was a video of Dan
|
|