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ms down 42%, deal has to come out tonight

dont go against the fed/gov, it's crystal clear they are focused on the shorts now. ms and gs are my indicator of the day, both going positive bias to the upside going in, will stay out of shorting today unless it gap up 60-70pt or something crazy

WTF happened here, it was at 22, i went to eat breakfirst and it opened at 19.5 now? should sold premarket bleh

yucca, how did you do in the last 2 days, hope the positions werent hit too badly. Enjoyed the journal so far, good stuff thanks.

ok i will bite, how do you trade this? Use it as part of the hedge, or daytrade/trend the futures?

Jahajee, what brokerage do you use. Why dont you just post the daily trade log corresponding to the graph. It doesnt take any time and would end this discussion.

It be interesting to do some more historical analysis on the vix futures vs vix underlying. To see what the correlation is. I am looking at the historical daily going back 1 year between the 2, they dont seem to move together at all, although this week they both moved higher. The reason the...

as long as it's trading around 1175 we are ok, that's a huge level. Once the panic settles down and bottomfeeders come back in, it will go up.

9.25pt a pop. vix at ~35, expires tomorrow, and all positions cash secured. I will take assignment at 1150 if it is hit.

major covering rally before close or tomorrow morning? what tape are you talking about? there is no tape for es. You mean t&s?

1150 puts of course, expires eod tomorrow. If i get hit i take assignment at 1150, if not i will just take the small premium as profit. Dont have the balls going in on the underlying at this condition. Down to 1167 now

holding steady at 1175, looking for entry by shorting es sept options at 1150.

now that i read through the details of the bailout :P I think the common share is pretty much wiped out no? <$1. glad i dont have an overnight position. crazy week.

very bad timing, the large ibanks are pretty much closed to all but the top b schools, and to be frank tulane isnt one of them. I was chatting with a few headhunters our firm use, all have the same story - resumes flooding the firms. One guy said they posted a position on behalf of a client and...

was planning to hold some option/stock delta neutral combo into overnight. But ended up daytrading the spread between the straddle and underlying all day long :P Currently dont have a position. may play this again tomorrow. nice stock.

err alright guys, so what's the bottomline. stock open <$1 stock remains current level ~$2-4 stock gaps to >$5

highly unlikely, besides even the fnm/fre junk is trading at ~0.5. AIG worth a lot more (compared to fnm/fre). My downside is well protected. Anyway took the profit and got out after the up move. Will enter again if it drops. Been doing this all day, love this stock. long stock exited...

short 30x OCT 2.5 straddle at $3.3 long 2600x stock at $2.65 break even between at $0.9 - $25. max loss if goes to 0 $5100. max loss above $25 unlimited. This thing has to be resolved this week, vol will come down. Took a loss of ~5k on the lehman trade, i just dont believe they will...

wtf....what does this mean. zombie leh stock? or part of its plan all along, since barclay wont touch the toxic stuff. leh files chapter 11 then liquidate the good stuff(the whole freaking firm minus mortgage junk) to barclay? lol that's pretty smart if true...

holding cash, too much unknown. If ben chopter flies in or aig buyout before open tomorrow shorts get screwed, otherwise this thing will drop like a rock. My only trade will be premarket if it's still only down <20 pt and gs earning is nonevent(worse or meet expectation), will short into...