Thanks for the input. For some reason, Apple always stuck out in recollection for me. At that point in time, you never saw a company of that caliber or magnitude lose 50% of its market cap in afterhours. It wasnt a high beta mover like CMRC, ARBA, JNPR, or MSTR etc. The drop was from $35ish down to high/mid teens.
right , but some time before warning they cancel orders from KLIC. When KLIC warned some said that their customers (AAPL,DELL , MOT) will follow soon
What? That is dead wrong. The VIX closed at 10.29 on 12-22-05 and at 10.27 on 12-23-05. That would be less than a year ago for those of you having trouble with the calendar. The S&P500 rose 3.5% over the following 5 months. The low VIX is a legitimate concern but your discussion would be a hell of a lot more valid if you weren't making up statistics to support your argument.
I have bought all of the vega I can afford, all that I am willing to risk. Very painful these last two sessions. -segv
How far out are you? that really sucks. If you are looking out longer term, can you sell some higher strikes to at least reduce your cost? Or it sounds like you are in a purely whole position with more exposure if VIX continues this trend and only able to get out with an increase in volatility?
Long Dec combos across much of the DJX. I was +disp but its almost insignificant after this session, all net +gamma +vega -theta. Long other series in various SPX and NDX issues. Its all well within risk constraints, but quite painful nonetheless these last sessions. -segv