SP today

[theotherbarry]

Yea, sudden spike in option premiums, usually a telltale sign..

Came here to say this. 13% spike on a red day doesn't add up.

[Mountainbiker]

The bids on the options are strengthening while the stock is still red....interesting....

[TrueValueSeeker]

Yea, sudden spike in option premiums, usually a telltale sign..

Came here to say this. 13% spike on a red day doesn't add up.

Wait at end of day. It may not be a red day.  On a  tight closing down day with lower volumes does not give much information as well.

[TrueValueSeeker]

If closing around $19.50, that's a good sign for long NQ. Another step up is supported by strong hand.

[theotherbarry]

Yea, sudden spike in option premiums, usually a telltale sign..

Came here to say this. 13% spike on a red day doesn't add up.

Wait at end of day. It may not be a red day.  On a  tight closing down day with lower volumes does not give much information as well.

Oh no my belief right now is the audit news is going to be very soon. Not too uncommon to see a huge spike in call options prior to something such as a deal or audit being released.

[Mountainbiker]

Today's options trades are the exact opposite on the day of the MW's hit job. I remember that day where the PUTs options were going carzy even the $10's, $7.5s and $5's. But today is the reverse! What does it tell you?

[TrueValueSeeker]

March call 24 are very active today. Option call sellers are betting on resistance at $25 before March 22 expired date. From $19 to $25, if such a progress can be made in a month. That's very good if you are long NQ.

[Mountainbiker]

March call 24 are very active today. Option call sellers are betting on resistance at $25 before March 22 expired date. From $19 to $25, if such a progress can be made in a month. That's very good if you are long NQ.

How about buyers of the call options, they are betting it can go above $25...

[kshen]

I've got itm march 15 and 17.5s considering buying some June or Jan 30 calls. Got some bids in but every time I raise my bid, the algos match my bid and bump themselves ahead of my order on the books due to their faster connection. Quite bullshit

[TrueValueSeeker]

March call 24 are very active today. Option call sellers are betting on resistance at $25 before March 22 expired date. From $19 to $25, if such a progress can be made in a month. That's very good if you are long NQ.

How about buyers of the call options, they are betting it can go above $25...

Agree. Hard to tell who is right. Once SP passed  $25, SP will not have any resistance.