Kudos to MMs

Quote from 4444CJones4444:

Which month? A quickie Jan expiration straddle or the Feb straddle?

I'm tempted to do the Jan straddle. It should be an interesting week on Wall St.
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You are too late, imo. SPX was trading at 905 at that point, and I thought at the time that the 872 SPX had a great chance to hit within days, easily paying for theta to be long gamma.
 
Zero edge as I write this. "FV" approximately 850.

However, I would be cautious selling here unless you think things are as bad or worse as they were when we (SPX) were here before, and the seams are coming undone.

I personally don't see how we are worse, but that may be my blind spot.
 
This looks like a good entry based on a fib retrace of the move off of the December lows. We held 815 in December, rallied to 930 in January. I would look for another rally to 930 to at least give the shorts a chance to get stopped out.
 
Quote from straddler:

This looks like a good entry based on a fib retrace of the move off of the December lows. We held 815 in December, rallied to 930 in January. I would look for another rally to 930 to at least give the shorts a chance to get stopped out.
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Can you post a chart with FIB levels of your idea?
 
"FV" approximately 860 ish. Still nowhere near enough edge to what I would like to go long. But who knows, we could easily sell off to 800 with "FV" changing little. Patience.
 
"FV" back to about 875 ish.

Market is telling me that I am not [willing to] take enough risk, since I have been demanding about 40+ FV handles to enter, and it is no longer giving me layups.
 
Is the inaguration a buy the rumor sell the news event?

RBS and other major banks getting annihilated overseas today. I am going to go out on a limb and say tomorrow may be a -3% day in SIFs.
 
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