• Ocean Man
    Bought some weekly $151.50 $SPY puts for $0.96. Testing a theory that people are going to sell 401k index holdings today which get settled
    2/21/13
    Reply (9)
    • Ocean Man: just before the bell / after hours in dark pools.
      2/21/13
    • Joe Springer: Interesting theory, what leads you to it?
      2/21/13
    • Hillbilly Stock Star: Bonus Money seems to hit willy-nilly,...
      2/21/13
    • Ocean Man: People see one red day lately, they expect buy the dip / rebound next day. Seeing a second red day will lead many to believe this is the
      2/21/13
    • Ocean Man: start of the down move and sell. A lot of 401ks take orders all day, but don't execute until end of day, so this was a play on end of day
      2/21/13
    • Ocean Man: weakness today. Sometimes this happens in the last 10 minutes and sometimes in dark pools which you don't see until AH. I would've held
      2/21/13
    • Joe Springer: Ah-ha, very nice!
      2/21/13
    • Ocean Man: this til tomorrow to play the AH move if it hadn't worked in the last 10 minutes, but I was up 30% just before the bell so I took it.
      2/21/13
    • Joe Springer: Gotcha, why wait to see what happens when you already won.
      2/21/13
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