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Blog
Market Structure and Trade Setups, 9-25
{+++} Here’s my forecast for today’s price range: After a HUGE (it wasn’t, really) selloff in equities, we’re at some previous resistance as well as the 61.8% retracement. I’m expecting that to hold as a level of support going into friday, as traders look to close out positions for the week. Premarket futures currently have […]
The Story Behind Spec Options Activity
I’ve been seeing some sentimental indicators related to the options market come across my reader and I thought I would make a few comments. The latest indicator comes from SentimentTrader, via ZeroHedge and a couple others. The chart below shows a Speculative Options Activity index. This is simply the number of opening options transactions that […]
StockTwits Brunch Videos for 9-19
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Peter Gibbons Explains Flash Trading
Peter: Alright, so when the trading algorithm sees a trade com across, right, it puts an order in front of the trade and we make money on the spread. And we drop the spread into an account at Goldman. Joanna: So, you’re stealing. Peter: Uh, no. No, you don’t understand. It’s uh– it’s very complicated. […]
What I Would Love to be Introduced in the Options Market
During my latest episode of IWO Into the Close on stocktwits TV, I mentioned about how the creation of some new derivative products would be quite desirable for shorter term traders as well as as business opportunity for the exchanges and brokerages. I want weekly options on liquid stocks. Total, absolute volume traded on equity […]