Yet another non-event day in the markets; yet another useless day for the put/call ratio. It is showing slight sign of life, rising a few tenths to 1.39, however this is still not high enough to confidently signal a contrarian trade entry.
Since that is not very interesting, you should read this instead: Top 10 Things You Didn’t Know About Antimatter. Yeah, I know, it’s not quite as stimulating as Jennifer Connelly (at least it not in the ’same way’ – wink, wink, nudge, nudge), but ya gotta have some balance. This one has a good chance to give you a proper mind-fuck. For example, did you know that any time you have a PET-scan performed on you, you’re generating positrons (antimatter) inside your body?!! (And we all know what happens when matter meets antimatter, no?) That’s fucked up, man!
Speaking of fuckery:
- How ’bout that DNDN, ey? The words “use at your own risk” come to mind…
- Wanna bet on the demise of GM? The September 2. straddle is trading at 100% of the stock price, while the December puts’ breakeven point is around $0.45-$0.50/share.
- AKAM bucking the trend of low-volatility-into-EPS; was also the subject of buyout rumors not too long ago; call:put volume at 2:1. Maybe I should get me some lottery tickets here?
- Other buyout rumors: ERTS (also EPS tomorrow), HSY, SGR, VRTX
Also, the MarketWatch Options Screeners are broken! (Or is it just me?)
One a complete aside, a minor thank you to CNN for at least putting up a headline to try to quell some of this unreasonable ’swine flu’ fear: Regular Flu Has Killed Thousands since January. Yes indeed ladies and gentlemen, people die of the flu ALL THE TIME. Stop freaking the fuck out and exercise some common sense. And that includes you, Arnold “state of emergency” Governator. Just can’t stay out of national limelight for more than 2 days, can you?!



(9 votes, average: 4.56 out of 5)

DP – Nice anti-matter link. Thanks.
5* for this: Yes indeed ladies and gentlemen, people die of the flu ALL THE TIME. Stop freaking the fuck out and exercise some common sense.
The put/call ratio practically matched the $DVOL/$UVOL ratio from yesterday as well: 1.39.
Nice post as always DPeezy.
And I can’t believe I described yesterday’s trading as being like an episode of “Ow! My Balls!” without making a wisecrack about DNDN!