Kudos to MMs

Quote from nitro:

5 delta FED raises interest rates .25, at least it is non-zero in some parallel universe.

The language likely to change subtlely once again.

Imo, the rigth level for FFs is ~1.50%.

You are supposed to be short Nov ZQ then
 
Quote from Daal:

You are supposed to be short Nov ZQ then
Huh?

I don't make bets that are 5 delta, unless I happen to live in that particular parallel universe.
 
Quote from nitro:

Huh?

I don't make bets that are 5 delta, unless I happen to live in that particular parallel universe.

If you really think that, its virtually risk free. contract will expire at 99.87 ish, risk/reward is huge. Of course I happen you think the chances are lower than 1%, probably significantly lower
 
Quote from Daal:

If you really think that, its virtually risk free. contract will expire at 99.87 ish, risk/reward is huge. Of course I happen you think the chances are lower than 1%, probably significantly lower

Nov contract almost didnt moved after the statement. thats how confident the market was nothing would happen
 
Quote from nitro:

Out L ES @1039.75, -39.75.

The options positions easily covered this loss, but some of my gains in the BWB eroded due to skew. The real loss was opportinity loss.

I am now leaning short, but I do not particularly like the BWB strikes here. I will roll this to different strikes as I get a feel for market action in the next two days.

I think I need to buy em back. Debacle is my middle name.
 
Quote from nitro:

"FV" ~908

I can't stand it anymore. Harakiri this afternoon for me. Sianara mi amigos.....

Wait... maybe I'll stick around a bit more with more god awful calls that everybody can fade.....
 
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