GE feb 10p OI reduced by 27k

hohoho

Yesterday the OI was 215k and today before market closes it became 188k. How to tell it is the put buyer taking profit or it is the put writers cutting loss? Is there any quantitative approach?

Also noticed BAC 5c 5p both get huge OI increase (although 5c OI/vol is much higher).

What do these number tell us? I can provide more data if you guys have idea on how to decode this data.

OE is 2 days away:-)

bayliner1979

An OE rebound is imminent.  

Maxie

seriously?! or definitely maybe?

An OE rebound is imminent.  
bayliner1979 发表于 2009-2-18 16:43

ByStander

Yesterday the OI was 215k and today before market closes it became 188k. How to tell it is the put buyer taking profit or it is the put writers cutting loss? Is there any quantitative approach?

Als ...
hohoho 发表于 2009-2-18 16:38

I say it's put writer but back to lock in profit.

bayliner1979

the ones who bought PUTs back will pump the market in hours.  

manhattan

5# bayliner1979

If put option writer wants to buy back puts, they should pump market up before they buy back, right?

bayliner1979

wrong english.   should be "the ones who closed PUT positions".   close the Opened Interests.   

hohoho

I just started collecting data so it is hard to tell when the puts were opened, so if they opened during the panic hours, then the put writers can close with profit, otherwise they will be at a loss... I will have more to show after I accumulate more data.

Currently I am looking at a few things in current month option trading: significant volume spike; significant OI increase/decrease. Any other idea?

hohoho

I just started collecting data so it is hard to tell when the puts were opened, so if they opened during the panic hours, then the put writers can close with profit, otherwise they will be at a loss.. ...
hohoho 发表于 2009-2-18 18:28

Also what stocks are good candidates for tracking? Can't handle too many stocks....... Appreciate inputs!
It will be fun to have a chart to look at the stock price together with the option price/OI/Vol together. I guess it is hard to draw any conclusion without historic data. Anyone know where FREE option hist data can be found?