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Strategies & Market Trends : APMP (formerly APM)
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To: John Liu who wrote (2359)8/23/1997 1:13:00 AM
From: AlienTech   of 13456
 
I bought the OCT 65 options when APM was still high cause they dont even sell em anymore.

The way options work is you keep track of the OI's and the buys and sells. When a fud dumps their shares, what they do is usually write a whole bunch of nakid calls and buy the puts. You start seeing large amounts of of this like before a big news or warnings and you jump IMMEDIATELY out at market no matter what price! Now when someone buys CALLS and SELLS puts it means they know the price is going to go up, I dont know if the calls were bought, But the puts were sold at the BID which means it was a sell and in the money cause it was the OCT 40's, A fud that wants to tank the stock would buy PUTS slightly out of the money so they dont have to waste capital. I said this when APM was at 23, Someone had bought AUG 30's and SEP 30's, a couple of 1000 of them and sold the OCT 22.5's. So what do I do? I go and buy some JUL 30's :) and JAN 30's etc.. I made some money and made up for some of my heavy looses in like ADBE etc..
And about ADBE, I should have noticed the large number of puts that were bought on the day before earnings but I didnt and the next monring boom down 5. Sold it for like a 10 point loss cause I didnt want to keep it for the next 6 months while it went up, had better uses for what ever money was left..
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