Learning Twitter jargon

jwang321

Newbie
1 0
Just starting out in options trading and have found twitter to be a good source of information and tips. Problem is, I'm having a hard time interpreting a lot of the information. Can anyone help interpret common tweet jargon? For example, what would the following tweets mean?

$PAGP looked like small put buyer earlier, now size put seller -- 4000 Nov14 26 puts .60 BID

$PCAR Unusual opening buyer of 4,500 Feb15 $75 calls .70

$CCJ MORE!!! sweep buyer 2120 Jan15 21 calls $0.40

$BTU Solid bullish flow the other day & now sweep buyer 1590 11/28 11 calls .88

$MU sweep 4788 12/5 33 calls 1.21

$XLY player buys 28,976 XLY Jan15 72 Calls $0.35

$DFS sweep buyer 500 DFS 11/7 65 calls $0.80

Thanks!

PS - these are all from @WallStjesus
 

ACstudio

Active member
138 14
Just starting out in options trading and have found twitter to be a good source of information and tips. Problem is, I'm having a hard time interpreting a lot of the information. Can anyone help interpret common tweet jargon? For example, what would the following tweets mean?

$PAGP looked like small put buyer earlier, now size put seller -- 4000 Nov14 26 puts .60 BID

$PCAR Unusual opening buyer of 4,500 Feb15 $75 calls .70

$CCJ MORE!!! sweep buyer 2120 Jan15 21 calls $0.40

$BTU Solid bullish flow the other day & now sweep buyer 1590 11/28 11 calls .88

$MU sweep 4788 12/5 33 calls 1.21

$XLY player buys 28,976 XLY Jan15 72 Calls $0.35

$DFS sweep buyer 500 DFS 11/7 65 calls $0.80

Thanks!

PS - these are all from @WallStjesus

They are reporting large options activity on specific puts or calls. Some look at these and make assumptions about what some big player is doing or might know. Completely useless information because just because someone bought 5000 calls on XYZ does not mean they are bullish necessarily. They might just be reducing capital requirements or managing risk on another position. You have no way of knowing either way so the information is useless.

But here is what they are saying...
PCAR someone bought 4500 calls that don't expire until FEB 2015 monthly expiration at the 75 strike and paid .70$ each...who cares. Maybe they already were short 10,000 calls at the 72.50 and they are under hedging or reducing capital requirements...or who knows? The poster seems to thing the play is bullish....maybe not...maybe they had short calls at a lower strike....you have no way of knowing what other positions that person might have on. Could mean anything.
 
 
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