P
postman
US and Europe markets to keep the pressure on the upside until unemployment data.
The Chinese GDP ship.
Gotta be a buyer at 956 on Dax.
dow cash buy/sell 434/392
be bullish while dow remains above 434, its 466 currently if it holds this into cash session then we have very big upside.
HSBC china pmi was strong will boost dax bulls, to push it over 9000 soon
Closed at 85
think dax must hit 9000 had a sniff overnight, would only be 50pts from lows
excellent work, this is why you start work early isn't it?
Youve just got to catch it where you can. Theres a lot of movement around 6.45 to 7.30. At the moment Dax and Dow seem to jump then pause for ages, then jump again.
It helps that my office is about 20 ft from my bed.
While it is very possible the trader used a delta-hedge of short VXX as part of this trade, and/or that the trade was designed to hedge a large equity stake that has lifted as the broad market bounced to new highs- both of which could offset the options losses, but looking at the options alone, we show the trade as a nearly $10 million loser.
http://mrtopstep.com/2013/10/vix-thatll-leave-mark/
Ouch.
Yes I did wonder what he was doing when he bought those November puts from me. Still, glad I was the right side of that deal.
Long Dax 8973.
No reaction to the news - so were going up.