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re: BOIL has become predictable

Posted on 5/16/14 at 9:43 am to
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 5/16/14 at 9:43 am to
Did you get your July $23 ung puts filled?

i was looking at it yesterday and today in my account and it had like 17000 open interest for the $23 and 16000 open interest on $22.

Also says I can't trade it in my acct and to call a help #, that's the first time I have seen that.
This post was edited on 5/16/14 at 9:44 am
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10246 posts
Posted on 5/19/14 at 6:25 am to
Overnight saw futures tick more about .035 - .05. If this is the open, today should be an opportunity to load up on whatever short positions one has, or at least average your short cost downward.

It's very difficult for me to ever predict day trading levels from overnight trades in the futures markets as overnight is filled with a greater percentage of retail speculators.

If it holds, this type of movement in the futures results in a move of over 1% - 2% in the etf's, and even greater volatility in the options. Having said that, more recently the options pricing on buying days has what seems a new higher resistance notwithstanding the decay in underlying assets price.

Mr. Eng08. Yes I purchased more puts on Friday. There is enough open interest and liquidity to make it an interesting trade. It is going to be work for me to sell once that starts. I don't think with 17K oi in July $23P I can sell aon, or I'd drive the market down.
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