montag

Time for Rethink on Discount Retail?

Anyone who looks at option activity to guess which way a stock is going might as well be reading tea leaves. Option strike volume tells you nothing. You have absolutely no information what the option traders are doing in the underlying. Are they buying naked puts? Puts and stock? Which are calls by the way. Referencing option activity is the new blogger gimmick of the moment, it allows that extra bit of doom that bloggers think help drive up story hits.