Friday, October 18, 2013

VXX strategy flaw and trade execution error

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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

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Market Maker move busted a lot of suckers.  Iron Condor failed big!

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