....please some one explain to me why 77 traders today traded TOPSKP today and only two traders traded TOPSSKA.... Since the 26/june /09 the CALL has gone up by 155% and the PUT has gone down by minus 62%,surely better to have held the call the WHOLE TIME!Of course the charts confirm my veiw....By the way the PUT is getting perilously close to KNOCKOUT!....The PUT does not stay SHORT hardly long enough to make a profit every time it gains a couple of cents.
The punters are at it again this morning, with the warrant less than 400 points from "Knockout!". The prices seem to be on the high side of the spread, i.e. more are buying from the market maker than selling. Will "Knockout!" occur if the TOPI touches 23500 intraday, or does it have to close over this level?
Many traders "born" during the recession,to trading i.e. cannot seem to get into their heads that the up phases are getting to be stronger than the down,usually if u look at their archives u will see they mostly started trading this year. One has only to look at the difference between te PUT and CALL prices,and of course "talk their book" once they have bought PUTS. The down phases don't produce the results as they only last a about three days at the most.Then there the bears that have convinced themselves of an almighty pullback in September.i have never heard of this till this year. Take TOPSKP and u will see that there almost double the amount of BIDS to the amount of OFFERS. Well folks i really cannot "bear' the thought of any forumite loosing everything,but at 17 cents it has not far to go to get to zero!
Yes Barry - but we into a gap close - probability of a quick short and exit may be very profitable. So, if you can spare a little cash on risk - it may be worth a little ride. The higher the risk on these products, the better the reward on the profitable trade. Holding tight stops and keeping nible exits in the event of any indication that the gap play is no longer in action. A small move short turns out being far better value for money on risk than a big move long.