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As much as I think Hank Paulson is an enemy of the state I do think the laughing was in jest and being taken out of context here. That being said, if there were a BBQ Paulson party tomorrow I'd show up with a case.

I picked up some SPY 2000 Sep lotto tickets on Friday in case of a fighting rally back up before it drops again. If the Fed were to do QE4 they'd only be making inevitable crash even worse.

Scalping has two forms in common use. The traditional tick for tick DOM scalping and the intraday small move grabs lasting for a few minutes to even an hour or so depending on volume.

Quality of life? Actual contributions to culture and society rather than being a slave to money at all costs?

The intrinsic value in the DITM options is his protection. The spread is his cost to play it that way. I cannot see a situation in which ATM or OTM options is more protected for what he was originally talking about.

BTFD

Aside from everything else here about Brooks - the above is actually a well known thing. Those who are usually smarter/sharper tend to overthink trades or be consistently too early to the party (raises hand).

On top of that many in the retail crowd are shorting piles of OTM "high-probability" positions 15% type stuff waiting to both get fucked by gamma and vega when things go wrong.

Writing's been on the wall for a while now.

Because if they can keep manufacturing "solid" reasons it'll keep mom/pop feeling safe enough to keep their money in it. We can't have them exiting for fear of broken or suspect markets.

N225: ES now down about 16 pts at 1930.

So funds bailed rather than individual retail investors. Not exactly a big difference. Vol went up and investors exited.

I'm going with 180k as my *guess* for NFP. Anyways, so how about that ES and Nikkei, boys?

To give credit to Rickshaw, had you basically played the same stuff he said with reasonable risk management you'd probably have made money overall. BS level of the market is super high these days.

Calling PPT team, calling PPT team. Please report to the Citadel trading desk.

What's not to get? My post basically implied there's more than one type of HFT. All HFT is fundamentally annoying but the direct/SIP ones are the main issue because it's straight up stealing.

You could do that. The exercising party is probably never going exercise anyway as they'd be throwing away TV.

I said it on Twitter as well but #1 isn't reliable. "They" regularly synthesize it. It's got to be a significant new high without strong rejection and preferably defended after profit taking.

I guess what I was referring to was the widely held belief that if the Fed lifted, equities would get hit (except we never really saw this priced in going into August or even July). Then the markets sold off and all the talk came about with "the Fed probably won't raise" and now more recently...

I've never dealt with assignment and FOPs before (my recommendation is to search threads here), but I would have figured they'd just assign you a short position with the entry price the same as the short strike and it'd have margin accounted as usual for the underlying (i.e. 5k or so).