The Flynn crash

Buy in opportunity or end of the good times? I think it is a buy in.

News: Flynn is ready to testify against candidate Trump. S&P dropped 35+ points in 25 minutes...

http://abcnews.go.com/Politics/mich...se-statements-fbi-documents/story?id=50849354

Edit: down 45 points now.

Edit2: bounced back 20 points.

 

buy 'em

 

If you went all in in options before this huge 11am drop you'd have made serious bank.
You can still make some good money from the recovery bounce that's about unfolding now.

The VIX shot up...that was like a mini flash crash. I hate anomalies and joker wildcard days...it's very humbling.

 

Impossible to predict a vol spike on news. It is possible to sell vol after the spike as vol mean reverts and the vol ETFs are designed to go down in price as they have to pay the contango in the vix futures.

 

A good opportunity for IB to liquidate some short-vol a§§clowns.

 

A good opportunity to buy up cheap volatility on individual stocks.

 

Back to the ETH VWAP on ES

 

Congrats to all VIX, gold, and crypto holders

 

Market seems pretty damn bulletproof overall. 5-10% correction = buying opportunity??

 

A 5-10% correction would feel like 2008 right now.