Kudos to MMs

Quote from arbs-r-us:

"FV" ~ 1160. Exactly the same above the market as you are below the market.

I hope you are blasting S puts on the way up to cover some of your sorus....

Game, Set, Match. I WIN.
 
Quote from nitro:

...
Oil futures signaling that today may be a difficult day for equities, at least on the open and morning. The consumer is ill, but $80 oil imo is the pivot that puts a bullet in the consumer's head. High prices are the best cure for high prices, or so you would think until $150/Barrel.
...
"Chevron pipeline attacked in Nigeria by gunmen"

http://finance.yahoo.com/news/Chevr...9.html?x=0&sec=topStories&pos=8&asset=&ccode=

Oil went out on Friday at ~$83. This news will probably drive it up another $2. The foot is holding the head down, and the trigger is cocked...
 
Quote from arbs-r-us:

Game, Set, Match. I WIN.
Congratulations. I certainly thought 1140 SPX was way less likely than say 950.

I way underestimated the power of liquidity. But the lessons are incorporated into "NFV".
 
Is VIX too cheap? 17.50?

Markets are selling short term vola, and buying long term vola. I would not be fooled into the illusion of low risk by looking at front month VIX.
 
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