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running about 45-48% last two days. can’t tell much from that level,

We got our wish trans. Looked for a while like we would close red, but nice push at close again to finish green. Almost as if some news is on the horizon. We are inside the 7-day window where drilling results could start coming.

Trans and Lib, as our TA trend guys I was just noticing something. 3 times in the last 5 years, starting in the spring of 2009 when Ant 2 was going gangbusters, IOC has exceeded its 200 MA and when it did, it has had a very nice ride up. Spring of 2009 was the first, Fall of 2010 was the 2nd, and Jan 2012 started a third leg.

All of these moves have been while good fairly major news was cooking (1. Spud Ant2/Ant2 results/approval of PA, Mitsui JVA/Offering, SD process/Spud T2). Think we are geting ready for another nice move up?

Trans, thank you. For my info, where do you see option premiums?

Great, thanks, very helpful.
I found Option Trader panel in Today’s Brokers work station.

Trans,

Nice pull.

What do you see happening next? We’ve had two days in a row with over 20% of the volume in the last half hour.

I know its hard to believe, but someone is picking up stock even tho IOC is being pressured lower in price. OBV patterns intraday show there is no let up in this stealth accumulation, imo.

Interesting numbers developing on today’s trading. We will get a “volume reversal” buy signal if IOC closes higher today on 877,000 or higher volume today. Those are pretty good short term signals and would raise good odds of a run into the 60′s next several days. Usually good for 3-5 day uptrends. fwiw

The point of MAX PAIN for the March options series is $60. Unless some astounding news is issued before the end of the week, there will likely be a anchoring to the $60 strike price.

Having said that, funny things can happen if something gets out of hand.

Let there be leaks.

Monday could be most interesting.

VS

Petro, google OBV and you’ll see the explaination. But simply, you’re measuring accumulation or distribution on a daily basis, a down day’s volume is distribution,and vice versa. What u want to do is to accumulate more volume going higher than the last accumulation top. That was 3/8 with close of 60.08. Since then you’ve had 2 days of distribution that you have to emerge up thru. the down volume of 3/9 and 3/12. If we trade 877,000 shares and close higher today, you go higher than the OBV on 3/8. That raises odds that if supply/demand is normal, the stock price shuld follow the OBV accumulation higher. hope that explains….

Based on open interest it looks like they will try to close it below 60 for sure on Friday and maybe below 55. Looks like the criminal manipulation continues to me. What do you TA experts have to say at this point?

Still don’t see an advantage for marketmakers to close below 60. 60-62.5 looks best from their standpoint and I always figure the option marketmakers are writers of the options. Check both put and call OI on each strike and imagine yourself the marketmaker who write the options.. But I’m not an expert on options. I see close Friday north of 60, fwiw