Sure does take out all the fun. I wonder how options on futures contracts show up or how you can track them etc. Any clue? I don't think anyone knows on the entire earth it seems. I have never found any real good info that made much since in any way to me at least.I will go with the flow and simply sell but this is an extremely odd setup to me.
The Vix has been broken for years imo. so that doesn't help.
On the rare chance we did see a moon shot from here with this overall setup, I will have to assume something new is going on. Mabey Hal 2010 has finally woke up!! Not sure if you read my old posts regarding this on CS and the 2010 space odyssey predictions made just for fun.
I remember at the May 06 selloff that it "appeared" that the put buyers made an absolute fortune. Could it actually be the call buyers turn to make a fortune this round?
Oddly, the divergence in the rydex ratio vs. the oex is at never before seen levels. I have heard all the info about the rydex etfs etc. messing this up but the volumes are so anemic with everything rydex etf related I follow that I do not see this happening or think it is a valid reason to stop following it.
It at least seems to point to me that delta neutral hedging is not going on too much at this time but who knows of course. At least the premium for hedging with puts should be lower. I just never can play them correctly and waste money ever time it seems.....mostly after nice gains but not selling corectly and the pre-market jamathon ruins the game.
I aslo never forget that the Chinese supposably have a trillion in US cash etc. that is depreciating and needs a real home.
Hopefully we have extreme volatility directly ahead as the dualing robots malfunction trading against each other.
Maybe 40-50 year home loans and decade long car loans will be next in line to save the day so the liquidity bubble can keep the game going for infinity squared. jk!
No scenario I come up with points to a long term top but who knows. I would love a quick slam down in the market that started speeding things up quick. I am hoping the put/call ratios explod to the upside in the next few weeks and set up new highs at the same time the market rockets into past resistance levels and blast right thru them....sounds cool at least.
Peace
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