Kudos to MMs

Quote from nitro:

03/13/2012 08:58:15 OFV = 1374.84 Sell to Open at 1377.86 Spread = 3
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One loser after another. Seems nobody is even watching now. And BTW, how are those "hundreds of handles of losses" shorts doing?
 
03/13/2012 10:31:21 OFV = -1016.85 Buy to Close SPX at 1381.29
03/13/2012 10:43:24 OFV = 1379.98 Sell to Open at 1383.2 Spread = 3
03/13/2012 10:51:50 OFV = 1382.76 Buy to Close SPX at 1382.79 Spread = 3
03/13/2012 11:04:48 OFV = 1379.64 Sell to Open at 1382.93 Spread = 3
03/13/2012 13:00:32 OFV = -1017.72 Buy to Close SPX at 1383.1
03/13/2012 13:05:22 OFV = 1379.76 Sell to Open at 1383.02 Spread = 3
03/13/2012 13:41:12 OFV = 1386.04 Buy to Close SPX at 1383.29 Spread = 3
03/13/2012 13:44:22 OFV = 1387.08 Buy to Open at 1383.33 Spread = 3
03/13/2012 13:46:09 OFV = 1371.71 Sell to Close SPX at 1383.18 Spread = 3
03/13/2012 13:46:45 OFV = 1371.94 Sell to Open at 1382.88 Spread = 3
 
Nitro has been short the SPX since 1229 and added to his position on two different occasions. He seems to have no clear attachment to reality. All these losing index scalps seem to be a diversion so he can let his gigantic losing trades run. He even declared them to be some sort of hedge against his longer term strategy. So then, why are BOTH trading strategies losing ?
 
With SPX at 1390

<table border="1"><tr><th>Date</th><th>Action</th><th>Price</th><th>Units</th><th>PnL</th></tr><tr><td>Dec 20, 2011</td><td>Sell to Open SPX</td><td>1229.89</td><td>2</td><td>-320</td></tr><td>Jan 11, 2012</td><td>Sell to Open SPX</td><td>1288.60</td><td>1</td><td>-100</td></tr><td>Jan 25, 2012</td><td>Sell to Open SPX</td><td>1321.20</td><td>1</td><td>-70</td></tr></table>
Unrealized losses : 490 points
 
03/13/2012 15:00:26 OFV = 1387.51 Buy to Close SPX at 1396.09

Looks like there may have been a data problem late in the day at around 13:46, because OFV jumped 16 down then 16 up. That smells of bad data.
 
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