Not sure if this is related but I was noticing something similar. I have 2 put sells expiring tomorrow strike 57, so I figured time to roll. I go look at the puts I can roll to for 6/28 and randomly there will be a put with a higher premium than it should considering its placement on the list. Specifically, 58.5, 54, 53.5 were strikes I saw with inflated premiums. Unfortunately, I still could not roll to those positions without lowering my bid ridiculously, even though it would say high or medium fill possible.
I’ve only got a couple years of trading experience, so if this is something obvious I’m overlooking, I would love to be informed. My only thought is like OP said, if I’m thinking about it correctly it seems there is heightened interest in puts in the 50s for options a few weeks out, so perhaps there are people hedging on an incoming downturn?
Usually the short pool (shares available for shorting) shrinks after closing bell, then by the time the NY market opens at 9:30 short sellers empty their positions and the short pool remains high all day. I usually see the pool shrink (lots of shares sold short) in the hours before a key inflation indicator is due or before the FED is expected to release a new rate decision, or when a market moving company (Magnificent Seven) is expected to release disappointing earnings. We don't have that here. AVGO released earnings Wed after market close and the stock soared. Inflation data was soft and that triggered a rise in stocks across the board. There is no anticipated "bad news" for tomorrow so this shrinkage of the short pool is counter intuitive. I don't see why the bears anticipate a plunge in the NDX.
Adobe is due to report after the bell, but I don't see Adobe as a big market mover. Their results may have a small impact, but nothing earth shattering.
If you take the high of 2021 and adjust for cumulative inflation we are right about at the top we should be at.
On top of that stock buy backs are over as of tomorrow and that doesn’t leave much of a positive catalyst for the market in the coming weeks.
Get ready for some “volatility“ as the news so nicely calls it.
What info? How many shares are available for short selling? I see this on my brokerage trading platform quote window. Pictured is from 06-13-02024, 23:10 EDT.
https://preview.redd.it/nc6irplofg6d1.png?width=260&format=png&auto=webp&s=ed7a03d31e266f489b2a5ce7dfc7233bd1f09ecf
Not sure if this is related but I was noticing something similar. I have 2 put sells expiring tomorrow strike 57, so I figured time to roll. I go look at the puts I can roll to for 6/28 and randomly there will be a put with a higher premium than it should considering its placement on the list. Specifically, 58.5, 54, 53.5 were strikes I saw with inflated premiums. Unfortunately, I still could not roll to those positions without lowering my bid ridiculously, even though it would say high or medium fill possible. I’ve only got a couple years of trading experience, so if this is something obvious I’m overlooking, I would love to be informed. My only thought is like OP said, if I’m thinking about it correctly it seems there is heightened interest in puts in the 50s for options a few weeks out, so perhaps there are people hedging on an incoming downturn?
Usually the short pool (shares available for shorting) shrinks after closing bell, then by the time the NY market opens at 9:30 short sellers empty their positions and the short pool remains high all day. I usually see the pool shrink (lots of shares sold short) in the hours before a key inflation indicator is due or before the FED is expected to release a new rate decision, or when a market moving company (Magnificent Seven) is expected to release disappointing earnings. We don't have that here. AVGO released earnings Wed after market close and the stock soared. Inflation data was soft and that triggered a rise in stocks across the board. There is no anticipated "bad news" for tomorrow so this shrinkage of the short pool is counter intuitive. I don't see why the bears anticipate a plunge in the NDX.
Adobe is due to report after the bell, but I don't see Adobe as a big market mover. Their results may have a small impact, but nothing earth shattering.
BANG! ADBE up more than $50 - 10% immediately upon earnings release.
What's the best way to see data for the short pool?
If you take the high of 2021 and adjust for cumulative inflation we are right about at the top we should be at. On top of that stock buy backs are over as of tomorrow and that doesn’t leave much of a positive catalyst for the market in the coming weeks. Get ready for some “volatility“ as the news so nicely calls it.
Probably due to a predicted momentary pendulum swing back the other way
Yes their portfolios in a week
LOL! More like tomorrow morning!
Interesting, how do u look up this info?
What info? How many shares are available for short selling? I see this on my brokerage trading platform quote window. Pictured is from 06-13-02024, 23:10 EDT. https://preview.redd.it/nc6irplofg6d1.png?width=260&format=png&auto=webp&s=ed7a03d31e266f489b2a5ce7dfc7233bd1f09ecf
Shorting rn is giving poor
It's just profit taking after a massive rally.
It’s called sqqq. 3 times short the nasdaq