Crash Alert!! 10/16/07

[YMsystemtrader]

gold 770
oil 86.70

dollar to 0


dow will have a -300+ day in the next week(today is very possible, more likely after expiry)

13875 to 13600 then 12300

yen will moonshot

 

[makloda]

I shorted 5,000 x 14k Oct YM mini call options for this Friday. Risk free $$$.

 

[nazzdack]

Can you use the premium generated by the sale of the call-premium to buy 20,000 short-dated, deep-deep-out-of-the-money puts? That would make for even more free money.

 

[makloda]

Thanks for the heads up, I will buy 20k x 1500 ES put options expiring Friday today. It's great to know they're giving away risk free $$$ in the markets!

 

[YMsystemtrader]

and oil and grains is going to get ripped apart by the carry unwind if not today, very soon. maybe -3 CL soybeans limit down?!

 

[makloda]

Quote from YMsystemtrader:
and oil and grains is going to get ripped apart by the carry unwind if not today, very soon. maybe -3 CL soybeans limit down?!

I thought the carry trade was already unwound in August? Did they rewind it?

 

[YMsystemtrader]

no way, GBPJPY was back to 240+

wait until that pos takes out 220 low, then chit will really hit the fan


GET SHORT NOW!!!!!!!!!!!!!!

 

[makloda]

Quote from YMsystemtrader:
GET SHORT NOW!!!!!!!!!!!!!!

Okay Okay, I shorted 15m notational of GBPJPY @ 237.52

Will let this one ride down to 220.

 

[ASusilovic]

Quote from makloda:

Thanks for the heads up, I will buy 20k x 1500 ES put options expiring Friday today. It's great to know they're giving away risk free $$$ in the markets!

Risk free $$$$$$$$$$$ ? Where ? Here I am ! Put option buying ? Sale of call options ? I am with you, guys !

 

[makloda]

The bulls are going to get their balls ripped off today. I see a -1000 day for the Dow: