It this market being proped up?

[MacroEvent]

i agree the real selling has not even hit yet, just rotational moves getting ready for the inevitable.

 

[riskarb]

Quote from nitro:

I wanted slower delta because it was an overnight position. Plus, I had ideas of turning the synthetic short into a put vertical or other possibilites as I saw how the markets reacted during the day (one being a "ratio" bear Collar which would tie in this position with my ATS where the ATS is responsible for going long/flat the underlying), which was implemented (put vertical) late in the day today at a credit.

nitro

OK, so I gather it was split-strike, i.e., a risk-conversion and not a same-strike synthetic.

 

[Maverick74]

Quote from riskarb:

OK, so I gather it was split-strike, i.e., a risk-conversion and not a same-strike synthetic.

Riskarb, Nitro doesn't understand synthetics.

 

[Maverick74]

Quote from protrader-2K5:

From what I see, inst. guys will be holding this up until the end of the month. Post semi decent numbers and after this weekend undo those postions as they may become sour due to the aftermath of Katrina.

Holding it up? Dude, the spoos came in 50 handles from their highs. LOL. Those are some mighty weak hands doing the holding.

 

[Maverick74]

Quote from MacroEvent:

i agree the real selling has not even hit yet, just rotational moves getting ready for the inevitable.

Blah, blah, blah, blah.......yawn.

 

[nitro]

Quote from riskarb:

OK, so I gather it was split-strike, i.e., a risk-conversion and not a same-strike synthetic.

Yes. More correctly I think they call my inital position a "bear collar", even though there is no underlying position, making the use of the term "collar" somewhat strange. It has a identical PnL graph (but slower) to a synthetic short with a slower delta, so I just call it a "synthetic short position with slower delta" for lack of liking the term "short collar."

I like the position because of the flexibility it gives...

nitro

 

[Maverick74]

Quote from nitro:

Yes. More correctly I think they call my inital position a "bear collar", even though there is no underlying position, making the use of the term "collar" somewhat strange. It has a identical PnL graph (but slower) to a synthetic short with a slower delta, so I just call it a "synthetic short position with slower delta" for lack of liking the term "short collar."

I like the position because of the flexibility it gives...

nitro

Nitro, I'll throw you a bone here. It's called a bear fence. That would be the correct term. There is no such thing as a bear collar. A collar's purpose is to protect long stock.

 

[MacroEvent]

Quote from Maverick74:

Blah, blah, blah, blah.......yawn.

i forgot the market only goes up and never at any time are there cycles/periods of selling. the "long only" blinders sure killed a lot of retirement funds in 2000. the selling then was also inevitable, just another normal cycle of the market that yawning was found not to be effective in reducing the losses.

 

[Maverick74]

Quote from MacroEvent:

i forgot the market only goes up and never at any time are there cycles/periods of selling. the "long only" blinders sure killed a lot of retirement funds in 2000. the selling then was also inevitable, just another normal cycle of the market that yawning was found not to be effective in reducing the losses.

Macro, my criticism of you is not that your short, but the fact that you pretend to have a clue what is going on. Stop trying to over analyze the market and just trade. I don't give a rats ass about what retirement funds did in 2000. Just trade already. If I want analysis, I'll listen to John Madden on MNF. He is much more colorful and interesting.

 

[MacroEvent]

thats right -- i only get to trade, while you keep posting your opinions on various threads -- ok i got it now.