Order Flow Levels Not About To Win Academy Award
As
the trading week takes a bow this Monday morning, options traders are
bearing witness to some schizophrenic tendencies in the markets today.
On the one hand, the broader market is enjoying a reasonable continuance
of its bounce, as buyers infuse an anemic interest, hardly deserving of
applause. A cattle call for buyers has amounted to little more than intimate
audition.
On the other
hand, early morning order flow continues to find cover as players head wait for
midday queues before playing their part. Volatility,
always a lead character, has come in from last week’s highs, in line with the
pop in stock prices. An analysis of
the paper that is moving on the floors reveals the ongoing curtain call of early
morning sellers… Yet call buyers have come out for an encore, themselves and
are narrowing the ratio between them and call sellers. Upside stage fright has
kept them from any starring role lately.
Without pandering
to the left coast crowd any further, let’s see what today’s script has for
us today…
Pre-open
order volume was light this morning. Overall, call sellers led buyers 3:2, while
put sellers led buyers 2:1. In pre-bell activity, Â
(
C |
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call sellers outnumber buyers 3:1, while
put sellers trounce buyers 4:1.Â
(
INTC |
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sellers led buyers 5:1.
(
AMZN |
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call sellers beat up buyers 2:1.
(
AMD |
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call buyers dominated sellers 4:1.Â
(
PALM |
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2:1 .
First
hour order volume remained light this morning. Overall, call sellers led buyers
3:2, while put sellers led buyers 2:1. In first hour activity,yes”>
(
AMAT |
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PowerRating) call sellers led buyers 13:1.(
MU |
Quote |
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PowerRating) call sellers beat up buyers 13:1.(
JNPR |
Quote |
Chart |
News |
PowerRating) call buyers dominated sellers 9:5.(
IWOV |
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PowerRating)
call sellers led buyers 13:1.The
heavy number of questions I have received regarding my upcoming seminar has
proved both flattering and enlightening. Flattering
in that so many of you have considered attending.Enlightening
in that I am becoming aware of the exact themes attendees wish me to cover in
the seminar and thus we are fine-tuning our delivery to address such. Not
surprisingly, many of you want to know how you can make money (and prevent from
losing money) in a protracted bear market.Â
Readers note that they feel frustrated, as the strategies that worked
successfully in the great bull run we had in five of the past six years may no longer
apply. Should they just get out of
the game and sit this out? Or is
there a way to capitalize on this downward trend?
For
those that have signed up already, and those that do so with enough lead time,
we will take your top three (3) specific questions and answer one or all of them
directly… either during the program with proper diagrams and payout plots or
on the side in one of our breaks.
Those
who have read and studied my lessons know that I am a strong proponent of the
ability of options traders to make money in any market conditions…more safely
through spreading. Thus
my colleagues and I will be passing on as much knowledge and experience we can
for surviving and thriving in a bear market in my upcoming Chicago Seminar.
The seminar attendees will
learn many practical “repair strategies,†as well as spreading strategies
that work in downwards and sideways markets.Â
The seminar will be all business, no fluff.
Please
continue to write me tonys@tradingmarkets.com.color:black”>
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