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What was the drawdown on the SPY puts?

Market up, and your calls are down? A call buyer needs first to beat overall market, and if right needs to beat time decay, and if right the continuous running away of the strike if it is out of the money. A tough nut to crack.

If it would take six years, would not the market go on discounting spree? 6 years at 5% per year can be around 40% discounting? It is scary.

What do you think of Sarah Palin? Is she in support of bluejobs?

LOL! "yeah, i kept loading up AH on short QLD. as the AH session was getting to a close I realized, that TradingJournals did not short yet, and that..." :) BTW: great call you made on FOMC!

Yes, that would make you delta neutral assuming you are selling calls on both, or puts on both. The dollar amounts would also be equal. Try it and comment on your findings. What is your hedge ratio in the pair?

If you use ATM options, just make it neutral in implied volatility. Meaning the amount of implied you buy in one is equal to the amount of implied you take in the other. My sense is that you may already have that in your pairs ratio? In option you need also to decide if you will be short or...

Good! I knew you were hitting them because the bid-ask spread widened between time of my post, and the time I read your PM which you kindly sent and for which I say thanks. It is good to understand that the money is in the bank! Congrats :)

There are a lot of crooks. I would be careful. If those stocks were good, the zionists and owners/companies would have already bought them. If nothing is fishy why would the company not borrow and buy their own stock as this would improve their earning?

Thanks shortie. I missed the short trade, but what you wrote works. I thought I did that when I first placed the trade, but apparently I did not because when I retried it worked but I had only few seconds felt and then AH session closed. I did not read you message on time. Did you punish...

DealBroke: Draw your line from top of second week of May instead of end of april top. Please repost.

We are in after hours. QLD is now at 58.06. I want to short it, but system is not allowing me. Does anyone know why?

What happened to Rennick? Did he enroll in the korean war out of market boredom?:)

If your short call is a short call (option), then at least time is on your side. My best wishes to you for a fast recovery. At least you now know how your opposition feels when you get them cornered. Did you call AAA for help? :) While waiting, did you check what the "experts" are saying...

SPY is now at 109.80. Is the move done? As soon as Shortie starts taking his long stock profits, I bet on a retreat. :)

1. Shortie: you better be right, as I sold a call as a mark of respect for your fine prediction abilities--- I did however make sure it is only one call and that it is out of the money, just in case you get unlucky on this one.:) As for the Polls, I knew you did not look, and I was actually...

I doubt, if by dump you mean a big/fast fall. Dumps happen well after eating.:) I am in fact concerned that the volatility might drop, and lead to a very dull/sleepy market. Could you post one of your images of a dump?

Yes, they bought the SPY retreat. It is now at 107.53. Let us see if the sellers between current price and 108 will put a ceiling to the rise for today. Is congestion coming for the next few hours at least?

This morning (10AM) shorting was trivial/classic/predictable. Now let us see if they also buy a trivial/classic/predictable retreat with SPY at 107.17. Problem with buying this retreat is the upside is now very limited.

Who is Bob Brinker?