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Choppy in front of tomorrow's meeting. Not fun to trade. I would just back off and let the market decide.

Not sure I'd want to be short put premium here. Watching Euro, Deutsch Bank continue to trickle down. Now the Aussie, Kiwi selling off. I felt as if as long as those two held up we'd be ok, as there was at least some risk taking going on. TLT calls, anyone?

EUR looking not so well right now

It's sort of unbelievable that after all we've been through and having to listen to lectures from government officials, Dodd, Frank, the media, the president etc. about all the excess and how they were going to clean it all up, we still have a bubble.

That didn't sound right. I meant it in a funny way

I would love to see an inflation adjusted view of college professors and private school salaries post WWII. I have some anecdotal evidence but I'd like to see numbers first. If you want, start another thread and we'll take this outside.

If you are saying there is a skew away from the strike, I'd love to see that over time. Put it together w volume and open interest, maybe there is something. Usually it ends up as a bell curve centered around the strike, I'm guessing. So option sellers would be favored, with the occasional blowout.

Ok the short straddle closed quite a bit above its upper band. Whatever you want to call it, that trade didn't work. When questioned about it, you shrugged it off. Yes or no?

Ok volume and open interest. But you didn't say that. If so it's interesting. Do you want to repostulate?

OP, it would help if you clarified your intentions. Being wrong is ok, I (we) might still learn something yet. You have a couple of broken trades in a short period of time. Shrugging them off won't work. Try being short the spread X 100. Then tell me how you would have felt Saturday morning.

I still must say, I don't get it.

My thoughts are Greece, Spain, Portugal, and now Italy. But I would play it with puts, because we are still shrugging off bad news, meaning volatility ahead if it is indeed distressed. Put time on your side. The real estate market peaked in the second half of 2005, last cycle. Give or take.

Do you have anyone in your family, grandparents, uncles, father, mother, cousins who are risk takers? Card players, speculators, small business owners, anything else that requires putting their livelihood on the line or just like to engage in games of chance? How do you view money? Is the money...

I keep thinking there's an obvious trade in here somewhere, one that you look back years layer and say, "It was so apparent I can't believe I didn't buy or sell (xyz)." Gold maybe. Sometimes I feel like the character David from "An American Werewolf in London" who is slowly transitioning from...

Well put. There's just a lot of anecdotal evidence lately of students who have graduated and seem hopelessly in debt. A law graduate in Cal. sued her alma mater over not being able to find a job after graduation. And we have countries on the ropes. Greece, Spain, Portugal, now Italy. Not new...

I would agree. It just seems that there's more sources of debt excess than there used to be, not just housing. Conversely, we have insurance companies and pension funds starving for yield. Low growth and lots of debt. Strange world.

It's sort of like whether you are watching two featherweight fighters go toe to toe or two heavyweights. Most people want to see two heavyweights, and that's where the money is. There's always a chance you'll see something really big fall hard.

Most of us have little idea of the extent to which we are conditioned.

There's just got to be a huge placebo effect to most of this stuff.

Try cutting your size down to a meaningless level. Then build from there. That's what it sounds like. What experience do you have with poker, blackjack, bridge, or other games of chance? An analytical background is not going to help you. Do you believe you can be rewarded for very little effort...