Thanks Astro and Rocky..It was just a general check up for my mom, Nothing serious...Hospitals are really boring because of waiting time, the smell..It sucks..Only good thing is beautiful nurses...
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Thanks, I feel 6700 calls bought at 12.5 are going to go waste but have to take upwards protection to cap my likely loss in case of a violent upmove which I am not expecting. I am expecting the market to remain in 5900-6500 range for rest of the month.
If the market were to breakout to the upside to make a fresh all time high, the momentum usually tends to be pretty strong on such occasions as we are talking of all time highs.
There are 6 Million CE written at 6400 and 6500. The highest OI for PE is at 6000 and even that is @ 5 Million PE.
This indicates that most option writers aren't positioned for fresh highs so they could get squeezed if the market makes new highs.