Post by Deleted on Oct 9, 2017 19:28:41 GMT
We can talk about puts today. Total's, 676 calls and 2053 puts. Calls about 1/2 of avg volume and puts about 3 times last 5 day trading avg volume.
But the higher put volume is a bit misleading, as about 1462 of the volume appears to be a rollover: 732 Oct $7 puts rolled to Nov $7 puts, giving the trader 1 extra month on his puts. As I commented one day last week, 1 month is not a lot of time, usually you see 3 months or more roll out. But the cost of rolling 1 month would be less out of pocket, if we are making the assumption that this is a long put holder, not a short.
The majority of both calls and puts, around 80% of each, has traded between bid and ask today, so no real buying or selling pressure.
Nothing much to learn from option trading today.
But the higher put volume is a bit misleading, as about 1462 of the volume appears to be a rollover: 732 Oct $7 puts rolled to Nov $7 puts, giving the trader 1 extra month on his puts. As I commented one day last week, 1 month is not a lot of time, usually you see 3 months or more roll out. But the cost of rolling 1 month would be less out of pocket, if we are making the assumption that this is a long put holder, not a short.
The majority of both calls and puts, around 80% of each, has traded between bid and ask today, so no real buying or selling pressure.
Nothing much to learn from option trading today.
