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| User Info | URGENT!!! LOOK AT AUG SPY CALL ACTION FROM $65 - $90 in forum [NotSoBreakingPrice] | |||
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Fakemark Posts: 0 Incept: 2009-06-11 
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someone bought 10k contracts on every strike.
2007-08-22 13:09:22
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Rmonical Posts: 2114 Incept: 2007-07-04 
Omaha Online
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Ameritrade shows the action but the open interest is still low. Is that updated on an end of day basis?
---------- The truth is out there 2007-08-22 13:13:29
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Obseedian Posts: 7724 Incept: 2007-07-26
RIMM Central
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WTF????? But I think you meant Sept. ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Genitalia - Not just another Italian airline! 2007-08-22 13:13:44
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Bpmsu Posts: 396 Incept: 2007-07-12
MN
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Someone looking for some bag holders?
2007-08-22 13:19:02
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Obseedian Posts: 7724 Incept: 2007-07-26
RIMM Central
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The ask sizes were pretty high so maybe someone wrote a ton of new calls and hit the bids to finance something (buying puts on financials?) ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Genitalia - Not just another Italian airline! 2007-08-22 13:21:36
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4155 Posts: 1597 Incept: 2007-07-19 
USA
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Yeah they are Septs hmmmmm? Someone knows something. What do you think it cost to put on that trade?
Last modified:
2007-08-22 13:25:52 by 4155
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Pcap Posts: 12224 Incept: 2007-08-16
Canada
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Wow - My coworker thinks it's a computer glitch and a quant fund is exposed.
---------- ``We know in a crisis the Federal Reserve tap would be open'' Former St. Louis Federal Reserve President William Poole Maximize the pain 2007-08-22 13:22:26
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Snooze Posts: 1560 Incept: 2007-07-09
florida
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OK...I'm lost here, will some one clue me in...my chain shows no aug anything and no calls being offered in the $60-$90 range. Does not make sense to me.
---------- The past is the prologue of the future. BOHICA 2007-08-22 13:22:35
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Genesis Posts: 66462 Incept: 2007-06-26 
Royal Flush!
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That's gotta be a bad print. If its not, someone is either going to be richer than Midas or more broke than Jesus. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2007-08-22 13:23:22
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Obseedian Posts: 7724 Incept: 2007-07-26
RIMM Central
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This is hugely bearish I think, the writer must be really confident they won't be assigned or can buy them back much cheaper. ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Genitalia - Not just another Italian airline! 2007-08-22 13:23:55
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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If its accurate its either a mistake (5k put on, 5k taken right back off) or someone has just placed a HUGE bet on a crash. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2007-08-22 13:25:32
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Obseedian Posts: 7724 Incept: 2007-07-26
RIMM Central
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There was price movement so I think there were actual transactions that went through.. ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Genitalia - Not just another Italian airline! 2007-08-22 13:27:40
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Fakemark Posts: 0 Incept: 2009-06-11
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meant sept.
2007-08-22 13:27:53
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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We'll see if any of it "sticks" in the morning. If not it was a ****up - a very, very expensive ****up. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2007-08-22 13:28:12
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Obseedian Posts: 7724 Incept: 2007-07-26
RIMM Central
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$768 million...am I calculating this right? ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Genitalia - Not just another Italian airline! 2007-08-22 13:34:45
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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Let's just say that if it was a mistake the spread + clearing costs on that are going to hurt like hell, and that assumes it was nearly-instant in-and-out. If they caught a price move the wrong way at the same time, "aw ****" would be the appropriate response. If this sticks, someone's into this for a LOT of ****ing money. If the bad goes bad, on the other hand, they're dead. Very dead. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2007-08-22 13:36:31
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Otc_buzzard Posts: 649 Incept: 2007-07-13
Denver
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Anyone want to guess that any bad news, ie bank or investment house puking would be followed by an immediate 50 bps Fed funds rate cut? These pricks will support this market to the very bitter end... ---------- Wallstreet is a corrupt insiders game. When they ask for a bailout tell them to **** off!! --- Everything I post is JMHO, take it as such. 2007-08-22 13:39:18
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Gmak Posts: 10176 Incept: 2007-07-27
Re-inventing the future at the speed of time.
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It looks like the trades were done at the ASK price. Doesn't that suggest that someone was buying. If you look, the Ask price has been set at $0.10 below the trade price for the 10K options in every strike except 85 and 89
2007-08-22 13:45:40
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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That suggests that this may have been an ACCIDENTAL SHORT SALE that was bought back - if so, whoever did it is going to have a sore ******* when their trades settle. You will not know until O/I settles up overnight. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me Last modified:
2007-08-22 13:48:03 by genesis
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Av8rphil Posts: 1817 Incept: 2007-06-26
Platte City, MO
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I think Ben is scared to death to lower rates. If nothing happens or if market drops, what does he do now. Plus you have Santelli ready to tell you this AIN'T Goldilocks and the 10 year rate just went through the roof even if the market rallies briefly. I think BOB would be a more appropriate name for Ben... Bend Over Ben! ---------- "Two things in life are infinite: the universe and human stupidity; and i'm not sure about the universe" -Einstein 2007-08-22 13:49:11
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4155 Posts: 1597 Incept: 2007-07-19
USA
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Yes someone bought at the ask. Someone is playing a rate cut.
2007-08-22 13:49:42
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Ocbear Posts: 1676 Incept: 2007-06-29
OC, CA Online
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Why in gods name would you buy so many deep ITM index options? I don't understand this trade. If you think the market is going to make a big move (in either direction) wouldn't it be much cheaper/better to buy OTM options? 2007-08-22 13:50:39
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Aeriswind Posts: 59 Incept: 2007-07-16
Seattle
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But isn't something similar happen to CFC about a week before Aug opex too? Maybe it is just a hedge by someone who has heard something?
2007-08-22 13:51:33
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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No ****ing way. It makes absolutely no sense to put that trade on that way. My money is on an accidental short sale that had to be bought back immediately (at a huge loss due to the spread blowout) Don't believe for a minute that those will stick - but DO check it in the morning. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2007-08-22 13:53:15
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Av8rphil Posts: 1817 Incept: 2007-06-26
Platte City, MO
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40 cent spread alone to put on and take off would run 4.8 mil...ouch!
---------- "Two things in life are infinite: the universe and human stupidity; and i'm not sure about the universe" -Einstein 2007-08-22 14:03:22
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