Big open on the SPY and DIA finds me back sticking in bids for puts again, CVX, and INTC. Can it be this easy? Everything happens rapidly in this new world, the SPY is up a cool 20 points since yesterday on nothing.
Update: It never is that easy HFT bids just kept coming. HFT or no HFT, there are still some tells that work- IBM for instance is down after earnings the stock was weak all day and you knew sellers were lurking. Google is another story though the 30+ points it is down after hours is what it made up since yesterday afternoon. I don’t play high priced stocks, but I got both calls right so far. Of course the conference can change everything, but I am not planning to listen. Also off in sympathy appears to be American Express. Not sure what all this bodes for the market tomorrow the days when everything swoons are gone.