Kudos to MMs

[arbs-r-us]

Quote from nitro:

"NFV" goes out at 1089.77 with SPX at 1073.65. Not huge edge, but enough to warrant buying ES managing risk and trying to squeeze a few handles (5+) in your pocket.

With that 5 handle edge? now 12 handles against ya, what's plan B?

 

[nitro]

"NFV" ~1071. ES -30 and hovering right at 1042. Imo this is a must buy here pre-market. I could be a little early, so manage risk.

 

[nitro]

"NFV" went out at 1090.94. SPX at 1074.03, so there is still decent edge having a long bias.

 

[corbel]

Quote from nitro:

Kudos to MMs standing toe to toe with these sellers the whole way down. They are getting Chinese water tortured to death. Can you imagine standing toe to toe into known redemption? :eek: People that tell me that these guys cheat and don't fulfill their obligation to make markets as a last resort, uh, you stand in front of this shit.

That said, when this recovers, those guys are going to be rolling in cash.

nitro

who/what is mm?

 

[johnnyqpublic]

MM = market maker

 

[shortie]

MM = money maker

 

[johnnyqpublic]

Also true.

Quote from shortie:

MM = money maker

 

[nitro]

Quote from corbel:

who/what is mm?

Market Maker.

In retrospect, I am not convinced it was MMs at all. It was probably the US government behind the buying.

 

[nitro]

Nearly 100% convergence. NFV 1083.27, SPX $1082.46.

 

[ammo]

Quote from nitro:

"NFV" ~1071. ES -30 and hovering right at 1042. Imo this is a must buy here pre-market. I could be a little early, so manage risk. [/QUOTE that worked