Quote from babutime:
Hmm, everyone seems to have a bias in favour of the market staying in a tight zone...
Quote from Doobs789:
I guess so, at least for the remainder of the week. I wouldn't be surprised if the Es picked up a few points from here in the next few days.
Always have hedges in place in case of too much correlation (like being too short gamma).
Quote from babutime:
You think it'll rally from here doobs?
I'm short gamma with some flies at 45 mid strike but dammit! I'll wait till tomorrow to make a decision...
Quote from Doobs789:
Doesn't look like I'm right so far, but be patient. These late day sell-offs are getting annoying.
I am short a few Es contracts, and long a June VIX 20/25/30 Fly from 0.95 as a weak hedge