another useless poll: fade the open, or short the open?

[scriabinop23]

here's another prediction thread...

who's fading the open, who's following momentum and going short.


i haven't a clue how it goes, but if it goes down further from here (already -15 in s&p futures in asian session), it looks like its going to be gigantic.

 

[jasonjm]

you forgot choice 5

"im already long and possibly going to have to kiss my own ass goodbye"

lol

 

[scriabinop23]

Quote from jasonjm:

you forgot choice 5

"im already long and possibly going to have to kiss my own ass goodbye"

lol

heheh...

this is nuts.

heng sang down 800 pts (3.75%)
HHI HK down 5.2%
Taiwan down 5.4%
spi (aussie) down 195 (3.2%)

I was long a bunch of august taiwan calls thru this but was wise enough to get delta neutral and turn it into a synthetic straddle (go short) at open. closed out my short since I captured almost all the 5% move.. My calls are almost paid for 'free'.

 

[stock_trad3r]

If the markets gap 1% lower I'm certain they will continue trending lower for most the day after after a failed 10:30 rebound attempt .

I have never seen a single instance where the US markets gap down a lot in the morning and then stage a meaningful rebound. Usually it's a done deal. 6 hours of pain.

 

[pumpanddumper]

Quote from scriabinop23:

heheh...

this is nuts.

heng sang down 800 pts (3.75%)
HHI HK down 5.2%
Taiwan down 5.4%
spi (aussie) down 195 (3.2%)

I was long a bunch of august taiwan calls thru this but was wise enough to get delta neutral and turn it into a synthetic straddle (go short) at open. closed out my short since I captured almost all the 5% move.. My calls are almost paid for 'free'.

Nice, those % drops remind me of 1997 Asia Contagion style.

 

[blackchip]

If you can't make up your mind then -

Fart the open. (fade + short)