|
PureBytes Links
Trading Reference Links
|
Amongest the various evening newsletters I get there are a few that mention "block
traes" in options on occasion.
One guy often can find out 'who' made the trade. Interestingly, if it's Merrill he takes
a contrarian stance....if Plaza or Goldman he leans towards piggybacking the trade.
It's surprising how often it works....When Abby Cohen was waxing euphic about the
market, last March I believe, Goldman traders bought 2,000 (I think that's the correct
number, it's been 6 months) puts that were 23 points out of the money. That was a
Tuesday....by Friday they were 12 points in the money.
--PJS
Martin Coffey wrote:
>
> Gary,
> You are the first person I have seen post a note on the topic of being a
> "Brokerage Contrarian".......................
> Martin.
|