The quiet before the storm? Looking at the charts right now, it could go either way tomorrow. None of the longer term (30 min, 1 hr, etc.) are that oversold or overbought. Just a an FYI, on June 21 SPX hits the 200 SMA on the 4-hour chart and sold off. It hit it again the last couple of days but hasn't closed above it. Right now that is 1127. If we get a close at the end of the day above it, i think we are headed higher.
Here's the option article. Larry McMillan is writing that there has been a lot of put buying in the SP 500 futures and the buyers don't care what price they are buying at and they are buying them at streched premiums. —- http://www.marketwatch.com/story/whos-buying-all-those...
Well gang… it looks like all of you guys are up on the call buying in the VIX. Do it feel like we are going to explode upward to you guys? It feels more like dead silence as all the animals and birds flee away just before danger arrives.
The quiet before the storm? Looking at the charts right now, it could go either way tomorrow. None of the longer term (30 min, 1 hr, etc.) are that oversold or overbought. Just a an FYI, on June 21 SPX hits the 200 SMA on the 4-hour chart and sold off. It hit it again the last couple of days but hasn't closed above it. Right now that is 1127. If we get a close at the end of the day above it, i think we are headed higher.
The average according to the above has been 20,000 per day. Excuse me that is total contracts
2/3 have been calls.
Here's the option article. Larry McMillan is writing that there has been a lot of put buying in the SP 500 futures and the buyers don't care what price they are buying at and they are buying them at streched premiums.
—-
http://www.marketwatch.com/story/whos-buying-all-those...
Well gang… it looks like all of you guys are up on the call buying in the VIX. Do it feel like we are going to explode upward to you guys? It feels more like dead silence as all the animals and birds flee away just before danger arrives.
15 minute BB pinching again. Macd poised . they are going to run it up.
There's been large VXX call buying recently. There is an option article too that I'll provide a link to.
Call volume on Tuesday for VXX set a record 49,000
http://seekingalpha.com/article/216678-what-inc…
I know VXX calls for the August 22 calls had huge volume yesterday. Like 25,000 contracts. This is from the Vix and More blog:
http://vixandmore.blogspot.com/2010/08/record-c…
On such low volume it will not matter.
Does anyone have any access to whether or not there has been any large VIX call buying, like the last time we tanked?