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Post by dreamboatcruise on Sept 28, 2017 14:53:44 GMT -5
joeypotsandpans... I've had two brothers that have been option floor traders with market making firms. Laying off of risk as you say is indeed what a lot of their strategy was about. Sometimes they would make a directional bet on a stock, but often not... instead making money be capturing the bid/ask spread and capturing the premium decay from a directionally neutral overall portfolio in an issue... or betting on the changes in implied volatility. The MM traders I knew didn't even bother to learn anything about the companies, their products or their finances, so they certainly wouldn't be risking capital on trying to short one into bankruptcy. At least in what I was exposed to there wasn't the type of manipulation that you suspect goes on with MNKD that was being driven by those market making firms... though obviously they could be involved as a counter party in transactions initiated by hedge funds, in fact way back then there was always a floor MM firm involved as counter party. Caveat: Maybe the role and strategies of MM firms have changed.
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Post by brotherm1 on Sept 28, 2017 15:02:26 GMT -5
up 20% should bring some attention
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Post by peppy on Sept 28, 2017 15:05:50 GMT -5
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Post by lsl428 on Sept 28, 2017 15:13:08 GMT -5
joeypotsandpans ... I've had two brothers that have been option floor traders with market making firms. Laying off of risk as you say is indeed what a lot of their strategy was about. Sometimes they would make a directional bet on a stock, but often not... instead making money be capturing the bid/ask spread and capturing the premium decay from a directionally neutral overall portfolio in an issue... or betting on the changes in implied volatility. The MM traders I knew didn't even bother to learn anything about the companies, their products or their finances, so they certainly wouldn't be risking capital on trying to short one into bankruptcy. At least in what I was exposed to there wasn't the type of manipulation that you suspect goes on with MNKD that was being driven by those market making firms... though obviously they could be involved as a counter party in transactions initiated by hedge funds, in fact way back then there was always a floor MM firm involved as counter party. Caveat: Maybe the role and strategies of MM firms have changed. I agree with that philosophy, I was a MM on the CBOE for many years, never cared about the underlying fundamentals much.....Was always just looking to offset my risk and maintain a more neutral bias. Mostly played the volatility of the options and captured the time decay |
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Post by mytakeonit on Sept 28, 2017 15:42:13 GMT -5
volume picking up, the thought run through, it has until the end of day. www.nasdaq.com/symbol/mnkd/real-time
The way volume just hit, $2.25 eod?
added, there we blow, price needs to hold above $2.10
Sorry peppy ... the price didn't hold at $2.10 The market just disregarded your request and blew past your number. Is it still okay at $2.22  |
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Post by sportsrancho on Sept 28, 2017 15:45:08 GMT -5
volume picking up, the thought run through, it has until the end of day. www.nasdaq.com/symbol/mnkd/real-time
The way volume just hit, $2.25 eod?
added, there we blow, price needs to hold above $2.10
Sorry peppy ... the price didn't hold at $2.10 The market just disregarded your request and blew past your number. Is it still okay at $2.22 |
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Post by peppy on Sept 28, 2017 15:54:05 GMT -5
The top is going to come off That you tube he did talking about MM accumulation vs. the 95% of traders that follow the charts is a beautiful piece. Call contracts are being bought today with two fists, 2k NOV 17 contracts and many others along the calendar are going with strikes all the way up the ladder including the Jan '19 leaps
it has been years since I have seen one of these. A diamond? "Lucy, in the sky with diamonds" The low $1.85 the high $2.35. 50 cent difference. break and hold $2.18 plus .50 = $2.68
the weekly.
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Post by rockstarrick on Sept 28, 2017 16:29:20 GMT -5
That you tube he did talking about MM accumulation vs. the 95% of traders that follow the charts is a beautiful piece. Call contracts are being bought today with two fists, 2k NOV 17 contracts and many others along the calendar are going with strikes all the way up the ladder including the Jan '19 leaps
it has been years since I have seen one of these. A diamond? "Lucy, in the sky with diamonds" The low $1.85 the high $2.35. 50 cent difference. break and hold $2.18 plus .50 = $2.68
the weekly.
💎 |
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Post by dreamboatcruise on Sept 28, 2017 16:32:36 GMT -5
lsl428... it was Pacific Exchange where I knew floor traders. Of course that exchange disappeared.
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Post by promann on Sept 28, 2017 16:51:46 GMT -5
That you tube he did talking about MM accumulation vs. the 95% of traders that follow the charts is a beautiful piece. Call contracts are being bought today with two fists, 2k NOV 17 contracts and many others along the calendar are going with strikes all the way up the ladder including the Jan '19 leaps
it has been years since I have seen one of these. A diamond? "Lucy, in the sky with diamonds" The low $1.85 the high $2.35. 50 cent difference. break and hold $2.18 plus .50 = $2.68
the weekly.
I LOVE LUCY ! |
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Post by mytakeonit on Sept 28, 2017 17:33:07 GMT -5
Hey LUCY ... I'm home! Heck, I don't see a diamond. All I see is a house. So, let's disregard peppy's $2.68 and go to $3 ... or, $3.68 even and I'll buy another house! |
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Post by kite on Sept 28, 2017 17:58:45 GMT -5
Hey LUCY ... I'm home! Heck, I don't see a diamond. All I see is a house. So, let's disregard peppy's $2.68 and go to $3 ... or, $3.68 even and I'll buy another house! ...which part of the world will you buy your new house?  |
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Post by mnholdem on Sept 28, 2017 22:43:45 GMT -5
Speaking of diamonds... So true!
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Post by peppy on Sept 29, 2017 8:42:21 GMT -5
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Post by kball on Sept 29, 2017 9:21:30 GMT -5
Ron White is a really good comic.
Some of the best pacing in the business
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