Think about the big boys? Who sold the NOV. 1400 straddle....Can you say ca-ching....Or manipulation....
Vix near all time low, Monday we go lower is my best guess as they dump out of their positions and start working on their new Dec 1400 straddles (strips would be easier to make profitable) long that they bought for dirt cheap today and it's easy to get the VIX climbing and the market falling when you are dumping stock...I mean Tuesday one Man bought S&P 500 futures with 500 million and a 10:1 leverage and moved the index 14 points by himself....I know he drove it to a level where buy programs kicked in at 1389 but what does that say about efficient markets...
edit: 1399.95 @ 3:35pm....Can you say greed!!!
$COSTAverageMAN
Vix near all time low, Monday we go lower is my best guess as they dump out of their positions and start working on their new Dec 1400 straddles (strips would be easier to make profitable) long that they bought for dirt cheap today and it's easy to get the VIX climbing and the market falling when you are dumping stock...I mean Tuesday one Man bought S&P 500 futures with 500 million and a 10:1 leverage and moved the index 14 points by himself....I know he drove it to a level where buy programs kicked in at 1389 but what does that say about efficient markets...
edit: 1399.95 @ 3:35pm....Can you say greed!!!
$COSTAverageMAN