Simple, The vix closed at 41. Who in thier right mind would stay short with so many puts being bought. When all of those puts are bough people are not inclined to sell. They can hold the position knowing that they have insurance.
I made a fraking boatload on those jan 2011 TLT calls. I had 20 of them at $3.oo bucks and sold them at $7.50. Yeah boy. Now if i can make my BIDU money back that would be freaking awesome.
Watching asia right now and looking to short intra day extremes for daytrades. Almost all cash.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment