SPDR S&P 500 (SPY)

[farooq]

He is going to use that as protection and sell hell out of it. Margin requirements will be 23$ per share rather than 160$. He paid only $ 0.15 or may be less and I am sure if we visit 307 he will make at least $10 for 23 $ margin his net return would be 50 Million $ looks to me more likely outcome.
Friday when so many puts were bought it gave odds in Favor of closing way above 315. when some bough