David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
Hi Fitz, when you say the feb 23s are being bought up by the institutions, how do you specifically find out retail vs insitutional buying?
Also thanks for the great work, big fan of CWUS 🙂
John
Thanks for comments.
They were bought in SIZE and 1.5X OI stock wants higher….GL
David
you’re right David, someone big bought two 10k Feb 23 call blocks for 0.19 and 0.22. Now i know how to catch these guys 🙂 thanks a bunch and have a great weekend.
go get em, John
With regard to the really heavy volume on the Feb 23 calls there was also unusually heavy volume of the Jan 20 calls. So it seems someone may have been doing a calendar spread.Thoughts?
Thanks!
Jan 22.5 trade 26k times…..it is possible that some were rolled to Feb 23s……either way it is a bullish (unless there was a large short position against)
see ya soon (Feb 2)
I like some Feb 22’s or Feb 23’s above Fridays high…stop below Fridays low….