Short Feb 1820c expiring Feb 21st:
Anyone want to explain why the maintenance margin required is so far out of line with SPAN which is presently $4756/4325 on ES?
After last week, the bear trade is about as crowded as a gay bar in Alabama.
If your bull(shit) justification is that Sarko and Merkel will hand out a few aspirin to avert the economic Bubonic plague, I suggest you procure some long vol while someone is stupid enough to sell it to you.
Ciao, shocking revelation there.
The motley crue of bullshitters is out in full force trying to resuciscitate this pig. To me it stinks of desperation and trapped longs praying for a seasonal rally which hasn't begun. And last week hardly qualifies as panic selling.
Even the most ardent...