Professor Bierman here. And boy, Royal Caribbean really felt the gut-punch of the algo army today. Take a look at this chart and I’ll explain what’s happening and how you could have potentially made money.
Here’s the deal: Social media giant, Benzinga “red flagged” the stock after spotting some unusual options activity. Some whale traders then took big bearish option positions. And the “heads up” to this action came out early. The fall began right at the opening!
80,000 shares traded in the first one minute, which is enormous for any hour of the day. You can guess what happened next.
Algos sniffed out the heavy volume. They picked up on the buzz on social media boards… and they drove the price right through the floorboards. The PURPLE line you see above is a gravity point. Once price got past that gravity point it was Goodnight!
You could have got in and confidently rode the waterfall down for a whole hour! That’s just one example of what’s possible when you know the inner secrets of today’s machine stock market takeover. Stay tuned for more…
To your success,
Professor Jeff Bierman, CMT
