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You see what it did on the left side of that chart right?

This is exactly what someone who was part of the plunge protection team would say to deflect from the truth. The greatest stunt the PPT ever pulled was convincing traders they didn't exist. Well done sir! Well done.

What about these guys? https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

I don't remember that but I do remember Aug 17, 2017. Aug 16, SPX had closed at 2468 and change. No one had a clue of the blood bath the next day, down over 30 pts!!!!! I remember curling up in a ball and sobbing thinking about all of the money I was losing on my naked SPX puts and short VXX...

I have traded a short VXX/UVXY long SPX put strategy for a few years now. I have watched the SPX put skew continue to steepen as well as VIX stay abnormally depressed. So I am by no means jealous or bitter. I am just telling you that short vol has become too popular a trade and regardless of...

To add to this, volatility trading is a very crowded space right now and short volatility is the next "bubble". Everyone can look at a VXX/UVXY chart and see the same thing, the difference between you and these guys is that they have resources/smarts that we will never be able to touch. It is...

This usually translates in to mental profits versus actual.

If you are only trading 10k, I would strongly urge you to move to SPY until you build up more capital. Hedging a 1% risk is too tight, you will end up severely limiting returns.

They do sell it in the US. My daughter had one, it is manufactured by Mattel. GM may be a lot of things but they aren't stupid, and they know a car like that won't sell in the US.

No you just add a couple of extra lines: On dip In market: buy = True; dip() IF bearmarket: On bump In market: sell=True bump()

In his defense, I use an even simpler chart and I am making mad crazy points:

I am the middle finger of the handful. Don't let these people get to you. After all, we don't need two handfuls with our knowledge! We are better off closing our mouths and becoming a fist!

While there is a chance we could have some type of market moving event, the fact that there are so many complaining about the low VIX makes me think there are a lot of people long volatility and haven't capitulated yet.

I think another issue for the middle class is the rise of consumption and credit. We want our kids to have what we didn't so we don't think twice about buying them a $500 phone. With monthly payments, everything becomes affordable even that 70k truck we saw on tv.

You are right, my post was incorrect. What I should have said in my original post was that just blindly selling this risk premium is not an edge. What I meant to say in my second reply (the one you quoted) was that there are professionals that are not dependent on market direction (delta) to...

Does anyone still use Spotify?

I disagree, there are many funds that trade options based on this edge. Direction has nothing to do with their trading.

There is an edge in the equity options markets since the majority of the money that goes in the market is long. They have to protect returns somehow, which is why you see a premium present in puts. However, you are competing with professionals that are smarter and have resources you can't...

Stay safe! Hopefully Kim Dong Dung doesn't have a MOAB of his own aimed at your underground shelter. I am hearing NYSE may even stay halted until the 17th so you may want to pack some extra beef jerky and Spam! Not sure why you are worried about the market though. If it is WW3, ammo and...