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The Really Useless Thread

  • #90,781
  • May 23, 2012 8:12am May 23, 2012 8:12am
Quoting FibbinArchie
pretty sure i read something on reuters earlier about vanilla strikes today as well...
according to reuters they're at 2650 and 2725...
  • #90,782
  • May 23, 2012 8:13am May 23, 2012 8:13am
Quoting FibbinArchie
pretty sure i read something on reuters earlier about vanilla strikes today as well...
Don't have strike prices nor a reliable source on that. I don't think options are key in the current circumstances and levels ...just extra noise intraday. The 1.260x are prolly the only ones to track for intraday TA/Ny open...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #90,783
  • May 23, 2012 8:13am May 23, 2012 8:13am
What exactly happens around those currency options and exercise dates? There are both parties to the trade of the same size. Plus you can exercise them early for Americans.

I would think a lot of people use currency options purely to hedge away the currency risk.

See how I used the term 'hedge' properly
  • #90,784
  • May 23, 2012 8:14am May 23, 2012 8:14am
2688 is the highest it's been since sell off last night on papademos comments...
  • #90,785
  • May 23, 2012 8:17am May 23, 2012 8:17am
Quoting darimik
What exactly happens around those currency options and exercise dates? There are both parties to the trade of the same size. Plus you can exercise them early for Americans.

I would think a lot of people use currency options purely to hedge away the currency risk.

See how I used the term 'hedge' properly
you should be telling us, you're the financial wizz kid...
  • #90,786
  • May 23, 2012 8:19am May 23, 2012 8:19am
FB to open sub $30 ?
  • #90,787
  • May 23, 2012 8:20am May 23, 2012 8:20am
Quoting chazzle
FB to open sub $30 ?
market shakeout, 3 days, could be wrong..

imagine the poor bastards who bid $40, down 25% in less than a week..
  • #90,788
  • May 23, 2012 8:21am May 23, 2012 8:21am
i would like to see an assault on the 2615/2600 barriers from here or 2700
  • #90,789
  • May 23, 2012 8:24am May 23, 2012 8:24am
Quoting Monroe
i would like to see an assault on the 2615/2600 barriers from here or 2700
big money interest could be behind this rally, if so, then after 3pm bst they may disappear... 35 minutes left to play, plus data out at the top of the hour...
  • #90,790
  • May 23, 2012 8:25am May 23, 2012 8:25am
you bastard... think you're slick... now its going for your stops...

edit: @fxjesus
  • #90,791
  • May 23, 2012 8:26am May 23, 2012 8:26am
Quoting darimik
What exactly happens around those currency options and exercise dates? There are both parties to the trade of the same size. Plus you can exercise them early for Americans.

I would think a lot of people use currency options purely to hedge away the currency risk.

See how I used the term 'hedge' properly
Well depends on the options type and the player involved. A barrier or better a no touch option will force the owner (if its a large player) to protect the levels without breaching it while at the same time you have speculators trying to breach the level to kill the holders. You can have range plays, breakout plays, hedging plays, volatility plays, etc.

Others are for purely hedging purposes and those are a lot more difficult to evaluate, plus the price can be breached but as long the the expiration is above/below the strike without killing the option.

Others are for speculative purposes, etc ...the list is endless and the possibilities playing option alone are only limited by the mathematical combinations to play it. If you add options as part of hedging strategies you have a mountain of players and information that are usually useless (if you are not directly trading option obviously) except when they are clearly reported levels by big players (i.e China, etc) and they are clearly seen in charts...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #90,792
  • May 23, 2012 8:26am May 23, 2012 8:26am
had a stop hunt south comming out of asia... took 2 longs off the lows...lets see if they hold up.... will look to cover and flip if need be after data
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  • #90,793
  • May 23, 2012 8:26am May 23, 2012 8:26am
Quoting FibbinArchie
big money interest could be behind this rally, if so, then after 3pm bst they may disappear... 35 minutes left to play, plus data out at the top of the hour...
they better have a lot of money.... and im sure there is big money interest to take them out
  • #90,794
  • May 23, 2012 8:27am May 23, 2012 8:27am
Quoting Monroe
you bastard... think you're slick... now its going for your stops...

edit: @fxjesus
thught i posted it twice ... so i reposted...

was not tryin to be slick at all

could not give a fuck less if im wrong...
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  • #90,795
  • May 23, 2012 8:27am May 23, 2012 8:27am
Quoting FibbinArchie
you should be telling us, you're the financial wizz kid...
yeah.. I dont believe those options mean much..
  • #90,796
  • May 23, 2012 8:29am May 23, 2012 8:29am
Quoting fxjawn
thught i posted it twice ... so i reposted...

was not tryin to be slick at all

could not give a fuck less if im wrong...
jusk jokin' sassy.... but yes you do lol
  • #90,797
  • May 23, 2012 8:30am May 23, 2012 8:30am
Quoting Monroe
jusk jokin' sassy.... but yes you do lol
fuck now its finally posted i swear it just took me 20 minutes lol
  • #90,798
  • May 23, 2012 8:30am May 23, 2012 8:30am
Quoting darimik
What exactly happens around those currency options and exercise dates? There are both parties to the trade of the same size. Plus you can exercise them early for Americans.

I would think a lot of people use currency options purely to hedge away the currency risk.

See how I used the term 'hedge' properly
mostly market makers selling for example puts and calls exercise 1.2600
Trying to let them end at 1.26 would mean all ending worthless
Don't be a hero. Don't have an ego. Always question yourself
  • #90,799
  • May 23, 2012 8:34am May 23, 2012 8:34am
Quoting sisse
Well depends on the options type and the player involved. A barrier or better a no touch option will force the owner (if its a large player) to protect the levels without breaching it while at the same time you have speculators trying to breach the level to kill the holders. You can have range plays, breakout plays, hedging plays, volatility plays, etc.

Others are for purely hedging purposes and those are a lot more difficult to evaluate, plus the price can be breached but as long the the expiration is above/below the strike without killing...
nice.. but there is quite a lot of different information that you would need to know. so it sort of becomes even harder to make the right plays, as in you speculate whether the information is good. Trying to interpret that information is uncertain already, and at the same time you would speculate on the markets. so the probabilities become even lower when you try to quantify 'the edge'. ex: .5*.5

options is a bizarre market and I love it, but its such a liquid and big market, so I wonder what really differentiates big players, apart from the sovereigns. But do they really use them to speculate?
  • #90,800
  • May 23, 2012 8:35am May 23, 2012 8:35am
Quoting FibbinArchie
market shakeout, 3 days, could be wrong..

imagine the poor bastards who bid $40, down 25% in less than a week..
I know man , perhaps a fair few younger investors' first stock purchase
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