Registered: May 2009
07-08-12 12:27 AM
Quote from TheBlackHand:
I dont get where the 'today' in your post comes from. Fundamentals arent really responsible for day by day activity if your asking about one particular day - unless shock news hits of course - which would cause a bigger move.
What do you think?
Yeah, that's my point exactly. Fundamentals should not have influenced the spread that much in a single day. There was a big move in the underlying, but unless something fundamental changed, the spread did not have a reason to sustain its move in the short term. It looked like an opportunity to fade the move. In retrospect, it was. I was looking for confirmation from others that I had not overlooked something.
I guess I should have traded it, but then again, it probably would have moved further the other way had the market actually seen me make a trade... It tends to look for my trades and purposely move against them!