Search results

@beerntrading .......good post. what expiry do you look at with those initial slightly OTM calls ? thanks

There was no opportunity. Even if there was a small after hr bid, do you think your theoretical offer was first in line ?? As other have said, move on.

Right...and that is a daily reset , correct ?

So............

@Daal ...like your input that is why I'm responding. Wasn't Brexit a binary political event ? The temporary pull back in U.S.stocks ways followed by the resumption of the established positive tend already in place.

Well, there is a 24/7 market for most of life's desires, but you will pay dearly for them.

While I agree with your hypo....there is this concept of regulation where an investment bank (CS) is not supposed to be underwriting product designed to fail or be so easily manipulated. Not to say it dosen't happen. Btw...not a fan of more regulation.

Do you really think there was a viable market after hrs for a security that was liquidating by prospectus ? Who possibly would be on the other side of that trade ?

You guys are absolutely correct, but the originator (CS) developed it to entice investors/spec into the game of short vol with a nice turn key product, that they collected fees on. Why go to the futures market when we have this great security all wrapped up with a bow (with a thick prospectus...

Yes. Same principle applies. The market was missed.

My last attempt...again maybe I'm missing something....you attempted to put a stop in after the threshold had been passed. Ie: price at 50. You want to put a stop at 48. Oops , fast market price at 45. System rejects my 48 stop. Of course it will, price is at 45. There is nothing to stop...

The BADI (acro for SS/names not to be opened) list is very real. But I suspect if you are 300k in the hole your are not going to be opening up new accounts soon. On second thought...maybe that is the perfect time.

a stop or a stop limit order ?

I meant in general..the OP's order essentially was never placed since the market had moved past the limit level.

I wasn't referring to you specifically. just a train of thought.

you would get the market fill if you had a standing order in place.

similarities..it's free, it's easy, it's different this time.

I think "short vol is free money" is soon to be in the same category.

I haven't heard the HODL slogan in a while. Just sayin'.

ok maybe I'm missing something.....