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tough loss jason, 130pt a pop. Are you close to margin call or still have cash to cushion the account? Usually buying puts is the best play as it add a floor to your loss and still offer you the potential of unlimited upside. But with vix at 50(!!!!!) it's a loser's game. The best...

dont bother this guy only trade paper, some of the option traders were having lots fun with him in the past: http://www.elitetrader.com/vb/showthread.php?s=&threadid=136651 http://www.elitetrader.com/vb/showthread.php?s=&postid=2054604#post2054604

this was holding overnight, but we blew through it like nothing on open. Lets see if we retrace back to close at that level, although i am not holding my breath. 1000 is the next strong support on many different levels. I agree with you that watch the volume to signal the end of...

Just exited all 30 contracts at +2 pt a pop at 28. Funny how things work out. I was expecting to profit from a big up move and a sharp drop in IV. But instead made a small gain from the continuing gap downward from strike. One lesson to be learned: wish i saw dmo's note to check the...

you guys are too negative, the market has already priced in so much crap. I think we may hit 1000 as the bottom for the next few months, expecting a reverse around mid/end oct.

yes, as i said the sbux trade was legendary :D

or the benny copter swoops in.

i am very surprised by the strength of the sellout, we just hit the open 1115ish :D you did think the bailout failed with this kind of selloff. edit: holy crap, it's crashing

the question now is where do we go into the 3pm/closing

holy crap, 1140 now

no it passed. sold off tot he 200ma, now bouncing back a little and stabilizing.

lawerance were you saying earlier if the baill failed we will go lower than 1080, or that even if we pass the bailout and if es doesnt close the week at the top range of the week we will still go lower than 1080 next week?

out 1150. +5.5

you guys really think so? we are way oversold imo, i think we need at least 1-3 days of relief rally from the bailout to 1200s before the next leg down. The market cant just keep gapping down like this nonstop, we are not talking about a smallcap company here.

market is behaving differently, during the senate vote it was moving wildly followed by a straight selloff as soon as the voting started. This time it looks like the market is actually in a holding pattern now, that indicates it should move per the normal logic (ie: pass=up fail=down). in...

anyone trading the vote? I got my ass kicked last time on the senate vote. May sit this one out

no vote yet. Stranges times when vix >40 is the norm...

did all the sell programs get trigger? we are at 1115 now. wow straight down all day.

a nice reminder for the house vote? looks like he succeeded....

lol are you a perma bull?