Spot vix 10:00am EST call

[kinggyppo]

ouch sorry still trying to figure out this vega thing.

 

[shortie]

Quote from arbs-r-us:

And the winner is......... 27.18

so you got it all wrong

 

[arbs-r-us]

Quote from shortie:

so you got it all wrong

Got it all wrong? It closed at 40.95. I called the 10am EST value at 26.00 The value at 10am was 27.18.

How did I get it all wrong? Raked in 7 figures from the drop. Any other questions?

 

[atticus]

Quote from arbs-r-us:

Got it all wrong? It closed at 40.95. I called the 10am EST value at 26.00 The value at 10am was 27.18.

How did I get it all wrong? Raked in 7 figures from the drop. Any other questions?

What made you think vol would drop? Perhaps the $1T in EU backstop? Or maybe the 3% move in futures Sunday night by the time you posted this thread?

Yeah, I have a question... why don't you produce a blotter?

 

[shortie]

Quote from arbs-r-us:

Got it all wrong? It closed at 40.95. I called the 10am EST value at 26.00 The value at 10am was 27.18.

How did I get it all wrong? Raked in 7 figures from the drop. Any other questions?

just messing with you

nice call!

 

[kinggyppo]

Quote from atticus:

What made you think vol would drop? Perhaps the $1T in EU backstop? Or maybe the 3% move in futures Sunday night by the time you posted this thread?

Yeah, I have a question... why don't you produce a blotter?

I thought that was you for a second risk, all that fancy vega talk.

 

[arbs-r-us]

Quote from atticus:

What made you think vol would drop? Perhaps the $1T in EU backstop? Or maybe the 3% move in futures Sunday night by the time you posted this thread?

Yeah, I have a question... why don't you produce a blotter?

Well, I could provide a copy of my mixed straddles report & sec1256 contracts from last year. Its a nice 8 fig number. Howabout we do this - double or nothing on the amount?

2010? I'll do the same if you are on board.

 

[arbs-r-us]

Quote from atticus:

What made you think vol would drop? Perhaps the $1T in EU backstop? Or maybe the 3% move in futures Sunday night by the time you posted this thread?

Yeah, I have a question... why don't you produce a blotter?

And BTW, yes futes were up ~25 at the time (not anything like 3%) and the bailout was only EU110b at the time.

 

[atticus]

Quote from arbs-r-us:

And BTW, yes futes were up ~25 at the time (not anything like 3%) and the bailout was only EU110b at the time.

Futures were printing 1135 as of the time stamp on your first post to this thread. That's >2.5%. And you're FOS on the bailout, as 500B Euro was all over the wires, well before this thread: http://news.theage.com.au/breaking-...es-up-500beuro-crisis-fund-20100510-um5m.html

The 110B was limited to Greece and was in the market last week. The continental-EU bailout talk started Saturday with Merkel's comments.

 

[atticus]

Quote from arbs-r-us:

Well, I could provide a copy of my mixed straddles report & sec1256 contracts from last year. Its a nice 8 fig number. Howabout we do this - double or nothing on the amount?

2010? I'll do the same if you are on board.

Not interested in your tax return, which has absolutely no bearing on the trade at-hand, simply the BS blotter showing you earned >1MM on vega on today's action. This is your thread, right?

Hindsight is a wonderful thing. If you want credibility, then post the 1MM short vega BS on FRIDAY, before the close, when it actually meant something. I don't care if it was 50MM vega; it's meaningless if posted after the market ran 2.5%.

Here's an example of an actual legitimate call made in realtime. It just happened to be a winner:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=198077