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Post by dreamboatcruise on Sept 19, 2014 19:33:21 GMT -5
I don't usually check after hours trades, but did for some reason today. Do people pick years that mean something to them for good luck? Somebody must really have scored in 1975. Wish I had a million to toss around at these great pps. 16:31 $ 6.2007 1,358 16:26 $ 6.1944 19,966 16:26 $ 6.1944 21,656 16:25 $ 6.1975 2,293 16:21 $ 6.1958 58,012 16:17 $ 6.1975 262,635 16:16 $ 6.1983 18,794 And pretty high volume for after hours. 1.1 million shares. Read more: www.nasdaq.com/symbol/mnkd/after-hours#ixzz3DoLXggTP |
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Post by dreggy on Sept 19, 2014 23:51:12 GMT -5
You'll see high AH volume on options expiration days.
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Post by jpg on Sept 20, 2014 3:57:37 GMT -5
I wonder how much money option market makers made off retail option traders with Mannkind in the last few years? It's a zero sums game with someone actively (allegedly...) rigging the game so it becomes a negative sums game really.. And better then a casino (for the market makers and not retail options holders). How hard must it be for market makers to drive the share price of companies like Mannkind where they need it to be on option expiry day to maximize their ans their friends profits? Probably not that hard...
JPG
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Post by mnholdem on Sept 20, 2014 7:37:55 GMT -5
Over a million shares and little price movement. I guess that's how the game works with the big dogs.
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Post by dreamboatcruise on Sept 20, 2014 13:59:18 GMT -5
I wonder how much money option market makers made off retail option traders with Mannkind in the last few years? It's a zero sums game with someone actively (allegedly...) rigging the game so it becomes a negative sums game really.. And better then a casino (for the market makers and not retail options holders). How hard must it be for market makers to drive the share price of companies like Mannkind where they need it to be on option expiry day to maximize their ans their friends profits? Probably not that hard... JPG Funny... a number of years ago when there was a West Coast options floor, I knew some market maker floor traders. Many made LOTS of money, without necessarily having any idea what the companies they traded really did. Though some still would end up being reckless by allowing themselves to get either long or short and being on the wrong side. Very good money could be made while still maintaining neutral positions. I'm not an expert in that level of options trading, but it seemed they were more concerned about their exposure to fluctuating volatility rather than the actual direction of share price. After that floor closed down, one of the guys that moved on to a different career told me that he'd never trade on his own because it was just too hard to make money without the benefit of being the guy in the middle on the floor... i.e. you're screwed as a retail option investor. Of course that was in the context of the style of trading they were doing which really didn't involve fundamentals of companies. A good chunk of my paper profits on my MNKD shares was given up through call options. I actually should have realized the AH volume was due to that... I had $10 calls that expired worthless yesterday. Somehow didn't think about that... the denial stage of grief I suppose  Though I was buying more shares yesterday in anticipation of very good return over the next year or so  |
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Post by jpg on Sept 20, 2014 16:29:37 GMT -5
DBC,
Imagine a greedy option MM (I know: hard to believe there could be some) alone or with the help of a few friends moving the share price to where it will maximize their collective profit?s Hard to believe right?
Our biggest assets as retail investors are knowledge and time. Options are just too finite. I have been in Mannkind for long enough that I would probably now have 0 profits if I had played the 'popular' options. Instead I have a bunch of shares these manipulator can do nothing to. It is also my 'option' to sell when I want to and not by some artificial MM built contract.
JPG
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Post by kc on Sept 21, 2014 21:52:22 GMT -5
 It is not the AH trading you need to look at regarding volume. It's the daytime volume. Look at the size and volume during the day. Something must be brewing. The big chunk's are very visible. I have been watching size volume since August 11th and the big blocks were moving on August 12 like this on other days. |
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Though I was buying more shares yesterday in anticipation of very good return over the next year or so 
