Oil beginning to threaten SIFs

Hearing GS thinking of buying LEH.

SIFs rallying on that. Probably best way to play it, Long Oct 5 - 7.5 call spread.

nitro
 
Quote from nitro:

Hearing GS thinking of buying LEH.

SIFs rallying on that. Probably best way to play it, Long Oct 5 - 7.5 call spread.

nitro
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CNBC reporting not GS, maybe Nomura...

nitro
 
Quote from nitro:

Flattening position drastically. Will take 1/2 off and lock in nice gains, and leave the other 50% to ride the deltas ...

nitro
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Taking off another 25%. Letting deltas ride on final 25%. That is exited only with a trailing stop.

nitro
 
Quote from nitro:

Taking off another 25%. Letting deltas ride on final 25%. That is exited only with a trailing stop.

nitro
More...
The BAC buyout of MER is going to crush the last of this position. Thank gawd I locked in some profits.

nitro :(
 
Quote from nitro:

The BAC buyout of MER is going to crush the last of this position. Thank gawd I locked in some profits.

nitro :(
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Flattened MER deltas on residual position.

I will probably now short BAC. I have to see how this plays out.

nitro
 
If GE even mentions credit problems, SPX goes to 1100. I doubt that scenario. I am still looking for 1175 SPX, but this market is teetering on one massive flushing.

1201 ES held pre-market, but it is in grave danger. NQ relative outperforming pre-market, if you can call -45 handles that.

QM getting blasted. Now the uncertainty is where it lands, in the other direction.

nitro
 
do you think the fed will cut tomorrow?seems a bit strange that they would make a statement on moral hazzard then rush to help the market, they also said in august that the next move is up, they could be worried about losing credibility. but at the same time, the market is throwing up
 
VIX opens > 30. Don't blindly believe this is the spike you were looking for capitulation.

Massive volume has to follow, and that will only be known later in day.

nitro
 
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