I'll second opmtrader's wild speculation.
Originally posted by opmtrader
Gold hits $800 an ounce as JPM unwinds major short derivatives position at 700:1 leverage. JPM collapses in the process.
See www.lemetropolecafe.com
This is of course wild speculation but an interesting sidebet nonetheless. Was dissapointed I didn't buy those Dec 15 puts at 0.30 earlier this month. They hit 1.50 the other day on JPM's 10% gap down selloff. Of course that's hindsight. You can't spend these "nice calls".


