We got the pause. Now jam em up on CSCO earnings momo. World wide rally! Asians go beserk tonight! Sourpusses selling the big cap Dows today get all giddy tomorrow and add another 200. How's that.
Ok the markets were overbought when the fed paused. The fed is obviously expecting a slowdown in the economy. It seems it's time to short the market...Right?
Buying back month vegas require paying a premium on duration vol. Add to that the fact that you're paying-up into a fed meeting. I can't imagine it feels good right now. Sure, we can hit your strikes, but it's a 6-sigma proposition.
Do you think your target audience understands what you're saying? This would be like me answering your posts in Hebrew or Arabic.