I never said I lost money. I was just saying it was nasty. Actually I'm a litle upset I closed my shorts.
What's all the excitement? The final 15 minutes volume was about the same today as it has been for past 2 days. Nothing unusual at all. Read nothing into it.
Am thinking that if I disgrace myself -- if it falls below 1497.50 -- I may need a new ET nom de plume. But why should I care? What matters what others think? Anyway, big w00t! someone just paid 1498.25!
Well I'm looking to get long around 95-96 for a mini pop back above 1500. I think a few ppl will shit their pants when/if it goes below 97.
Yeah, I think it -- the SPX -- will try 1500.00 one more time. If not that, then about 1497.50. After that, it may be LOOK OUT BELOW! I am actually a natural bear, but also a contrarian.
The Delta represents the $ Value of the Equity that was Hedged........whichin turn can be used as a proxy to depth of concern. In fact compared to the overall size it's still no biggy. That's how it can be utilized and not insinuating the market might go to Zero :eek:
Another way to look at this is that big capital sold futures to hedge a buy in the index. Think about it!