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[AnderL]

Yes i know. I probably would have done much better on a straddle out 2 to 3 months. But that is the effect right? Expect a major move and let is run in either direction and close both for a profit. Too much decay and with only 8 days left on those. <shudder>

What's next? Dunno, my guess is open at 12-13, bounce from 12 and 20 to build up shorts. Let them find a spot to sell in to. Fake a weak bounce and let if grind sideways. That is a 60-70% profit on a bounce. After a sizable sideways short, and tax redemption through December, bounce the markets on divergence off 10-12. WAMU auctions are on the 23rd. What is left after that. CDSs are priced, and valued. Risk is assigned and accepted.

Pump the markets into the election is my guess, one last blaze of glory before Uncle Sam puts the handcuffs on.

My wild speculation. Scenario I would like to happen