stock top one more time

Mis à jour
TaLK about a coiled top!!!
even Barrons talking about the coiled spring on volatility sellers. I've seen the algo's when they run a muck and I wouldn't be short volatility here. Picking up pennies
and nickels in front of a steam roller. Sure the short e-mini puts has worked marvelously up till now. But short vol always works until it doesn't at 2471 my gosh lets buy some e mini puts
or take some all right short e mini.
Proctor and Gamble as much as saying paying for ***Face book ads is paying for BOTS to read them. I've been saying this for years.
Transaction en cours
2401 target
Note
puts are active in the September 15th traders are buying 1625 puts for $0.25 each
so for the full size S&P that's $62.50 to hedge at the 1,625 level in 7 weeks.
with a vix in the Ten dollar range what could go wrong?
about 850 points out of the money with 7 weeks to go. Hedging full size or (5) e minis.
Getting close to the money here is a decent risk/reward same contract Expires on September 15th. Use the 2,300 strike. 170 or so out of the money these closed at
$6.00 with a nice open interest of 21,278 contracts on the e-mini. $300 per e mini to buy or sell the vol on the 2,300 strike. I'm a put buyer here.
That's normally not a good strategy I think it may work this time
Note
Small speculators are now 70% long on the full size S&P contract. I've rarely seen this 70% number. FADE this one .
go short the e-mini here
Note
last time at the CME floor talking to Chris about the escapades of one Victor Neiderhoffer. Victor "education of a speculator" took one to many short puts.
I told Chris I was scared to death of Victor's strategy.. his reply...
"you should be scared to death" and ultimately Victor blew up.
Too many guys short premium now. I just have a feeling.
Note
on the Long Term Capital......
"we had two nobel prize winners and we brought the financial system to it's Knees."
from phone conversation with the (at the time) General Counsel )
Transaction en cours
stay short the e mini
Transaction en cours
add short e mini
Transaction en cours
stay short the s and p
Beyond Technical Analysis

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