Tuesday, October 22, 2013
Friday, October 18, 2013
VXX strategy flaw and trade execution error
To close or flatten position, hit bid to sell long, hit ask to cover short
VXX was $100 and is $3.5 (split adjusted). It can go to sub penny theoretically. $VIX futures will likely floor at 10.
GOOG $1000 trade and chart options momentum play
First post after vacation. GOOD strong upside broke $1000. OI on Oct 18 1000 call has been very high since Sep 30. Smart money knew it.
$0.4 1000 call became $7.4 at open today
Market Maker move busted a lot of suckers. Iron Condor failed big!
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