I dont believe you can request an option 10 years out 99% sure. The simple fact is that no one would make you a market in it. There was NO open interest in these strikes before those trades so that argument is moot. These trades peaked a lot of interested from a lot of industry insiders and it was not all that hard to call around to a handful of different desks and get into. These were, as I said before account swaps where the firm who is one BOTH sides of those trades essentially borrowed money from itself at a slightly higher rate to open up some liquidity in account they needed it in. They crossed those trades with themselves.
Yes you can. They are flex options. They have a ton of edge for MM's. They make very wide markets on flex options.
I could be mistaken but I dont believe you can ask for a flex option out 10 years... Interesting though... and I surely could be could be wrong. As far as the 'edge" goes thats very very subjective on a 10 year option the magnitude of time on the other variables is HUGE and the edge may be perceived but there sure is a heck of a lot of risk.
She is dumb enough to have failed the DC bar exam. She is also dumb enough to be married to Bill Clinton. I think you give her too much credit. John
more from the woo-woo's McKinney, Sheehan, Tarpley Warn Of New Cheney 911 The Kennebunkport Warning 8-26-7 To the American people, and to peace loving individuals everywhere: Massive evidence has come to our attention which shows that the backers, controllers, and allies of Vice President Dick Cheney are determined to orchestrate and manufacture a new 9/11 terror incident, and/or a new Gulf of Tonkin war provocation over the coming weeks and months. Such events would be used by the Bush administration as a pretext for launching an aggressive war against Iran, quite possibly with nuclear weapons, and for imposing a regime of martial law here in the United States. We call on the House of Representatives to proceed immediately to the impeachment of Cheney, as an urgent measure for avoiding a wider and more catastrophic war. Once impeachment has begun, it will be easier for loyal and patriotic military officers to refuse illegal orders coming from the Cheney faction. We solemnly warn the people of the world that any terrorist attack with weapons of mass destruction taking place inside the United States or elsewhere in the immediate future must be considered the prima facie responsibility of the Cheney faction. We urge responsible political leaders everywhere to begin at once to inoculate the public opinion of their countries against such a threatened false flag terror operation. (Signed) A Group of US Opposition Political Leaders Gathered in Protest at the Bush Compound in Kennebunkport, Maine, August 24-25, 2007 CYNTHIA MCKINNEY, FORMER US CONGRESSWOMAN, GEORGIA CINDY SHEEHAN, CANDIDATE FOR US CONGRESS, CALIFORNIA CRAIG HILL, CANDIDATE FOR US CONGRESS, VERMONT GREEN PARTY BRUCE MARSHALL, CONVENOR, PHILADELPHIA PLATFORM JAMILLA EL-SHAFEI, KENNEBUNK PEACE DEPARTMENT WEBSTER G. TARPLEY, AUTHOR ANN WRIGHT, COLONEL US ARMY RESERVE, FORMER US DIPLOMAT DR. DAHLIA WASFI, WWW.LIBERATETHIS.COM GEORGE PAZ MARTIN JOHN KAMINSKY, PRESIDENT MAINE LAWYERS FOR DEMOCRACY
This would be much more believable if it were signed by current members of higher organizations such as congress, senate, governors, the cabinet.. etc. Release the hounds! :eek:
If she is as powerhungry as some claim, she married a future prez that made it possible for herself to run for the job too. What's so dumb about that? I'd say: good intuition and able to estimate future possibilities and people. Just what we need right now. Ursa..
Elliot..for those that get TheStreet.com interesting article by Steve Smith this morning on this very unusual bet...one point he makes is why in the SPX where it is traded in the pit by "gossipy" close knit MM's rather than in the SPY where it could be hidden.