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Strategies & Market Trends : Option Strategies
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robert b furman
To: Elroy who wrote (2550)4/29/2024 10:27:57 AM
From: THornsby1 Recommendation   of 2591
 
Even if you knew if the person who put that trade on was a buyer or a seller, there's no way to know if he was bullish or bearish.

For example, if he bought the calls outright, he's bullish. However, if he shorted the stock while buying those calls, he'd be bearish.

Or perhaps this position is part of a spread, so he could be bullish or bearish?

Or maybe the trader bought the calls and another trader was selling puts, and the market maker put on a conversion, laying off his own risk.

AFAIC, there's no way to determine the future direction of the underlying.
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