ES 4 hour volume profile shows a pretty staggering amount of volume in 1358-1368 upper 40% of current range. POC jumped down to 1363 from 1365 in last day or two... no big deal but just goes to show the congestion.
Am wondering how your calls could be expiring tomorrow......
For they should be doing so on just May the 18th
Quote:
Originally Posted by rando
Perhaps you have never heard of weekly options?
They are special options, only available to the big hedge fund guys. They can basically pick the day, hour, minute and second they want their options to expire. Why did you choose Friday rando?
Grabbing some CSCO call spread expiring tomorrow, $16/$17 strikes for 80 cents, hoping to make 25% if it closes at 17 or higher tomorrow. It broke under previous support in November of 17.20 ish, next support $16.50 so my loss can be capped around 40%.
Grabbing some CSCO call spread expiring tomorrow, $16/$17 strikes for 80 cents, hoping to make 25% if it closes at 17 or higher tomorrow. It broke under previous support in November of 17.20 ish, next support $16.50 so my loss can be capped around 40%.
Fingers crossed for you, this is definitely a flush here that will leave a vacume to the upside.