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Convergence Trade Profits Taken On Spread Closure

Tyler Durden's picture




 

Well, that was quick: to all those who put the trade on, convergence accomplished.

 

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Tue, 10/19/2010 - 15:00 | 662211 inkt2002
inkt2002's picture

Hey Tyler, how about an investigation to what is going on with SPXU the last couple of days?

Tue, 10/19/2010 - 15:02 | 662224 Jean Valjean
Jean Valjean's picture

Ok, sorry for the unrelated comment but... what's with the flat line in gold?  Is it real?  If so is that the opposite of a flash crash in an equally manipulated market?

Tue, 10/19/2010 - 15:06 | 662240 geminiRX
geminiRX's picture

Gold trades in the same direction as the Dow nowadays. The pullback is normal. Look for bargains in miners soon.

Tue, 10/19/2010 - 15:09 | 662249 Jean Valjean
Jean Valjean's picture

No, I mean a flat line chart out of Kitco for the spot gold price.  It appears to not have changed for an hour.

Tue, 10/19/2010 - 15:14 | 662263 UncleFurker
UncleFurker's picture

 

Yeah. Who closed the market early?

Or are they going to start reversing trades on gold too?

 

 

Tue, 10/19/2010 - 15:42 | 662340 fuu
fuu's picture

yeah something is going on. Their website was offline for about 20 minutes and when it came back on the flat line in the middle of the day. What happened at 14:05?

 

http://img824.imageshack.us/i/capturesilver.png/

http://img34.imageshack.us/i/capturegold.png/

Tue, 10/19/2010 - 15:57 | 662394 fuu
fuu's picture

Well it just moved straight the fuck down.

 

http://img695.imageshack.us/img695/3860/capturesilver2.png

Tue, 10/19/2010 - 15:08 | 662247 99er
99er's picture

Chart: ES and ZB

Heckuva job, Ben.

http://99ercharts.blogspot.com/2010/10/es-zb.html

Tue, 10/19/2010 - 15:20 | 662283 HarryWanger
HarryWanger's picture

Money chasing AAPL on dips. CNBC must be shitting their pants if Dow loses the "psychologically important" 11,000 level. Should be a fun close.

Tue, 10/19/2010 - 15:22 | 662286 carbonmutant
carbonmutant's picture

Send 'em a box of Depends...

Tue, 10/19/2010 - 15:24 | 662296 HarryWanger
HarryWanger's picture

Saw a clip where Cramer was soooo smug last night about Citi and how he told everyone to buy. Oops. Wonder what he'll say tonight. Maybe send him some Depends too. 

Come to think of it, who makes Depends? Might be worth a buy.

Tue, 10/19/2010 - 15:47 | 662361 Rick64
Rick64's picture

You sure are hung up on AAPL.

Tue, 10/19/2010 - 16:05 | 662425 HarryWanger
HarryWanger's picture

2nd largest company in the world. Worth being hung up on if only for a market indicator.

Tue, 10/19/2010 - 15:27 | 662301 Sudden Debt
Sudden Debt's picture

My ass hurts with days like this...

Tue, 10/19/2010 - 15:27 | 662307 HarryWanger
HarryWanger's picture

Will last half hour bring panic or the regular pump? Haven't seen panic in a while, that might be kinda fun to watch.

Tue, 10/19/2010 - 15:33 | 662320 Sudden Debt
Sudden Debt's picture

I guess Obama didn't send the FED the memo that november is crucial for him to be popular in.

At this rate, I can only guess the new colour of the new OTHER president.

 

Tue, 10/19/2010 - 15:44 | 662345 firstdivision
firstdivision's picture

Ben and Brian are currently on their knees praying the SPX doesn't close below 1160. 

Tue, 10/19/2010 - 15:45 | 662354 keepmydollar
keepmydollar's picture

RISK OFF - Damn it feels good to finally be behind the stampede instead of in front of it.

Tue, 10/19/2010 - 15:54 | 662386 Bear
Bear's picture

Non pomo day.

Tue, 10/19/2010 - 15:48 | 662363 Rick64
Rick64's picture

Finally some volume in the ES .

Tue, 10/19/2010 - 15:49 | 662366 ChopChop
ChopChop's picture

It's Chinese Solar day! buy buy buy!! nom nom nom!!!

Tue, 10/19/2010 - 15:50 | 662374 HarryWanger
HarryWanger's picture

/ES ramp from 3:30 in full effect with 10 minutes to go. Will it hold???

Tue, 10/19/2010 - 15:57 | 662395 firstdivision
firstdivision's picture

Who is doing all this buying at EOD?

Tue, 10/19/2010 - 16:03 | 662421 HarryWanger
HarryWanger's picture

The POMO players. Looking for easy POMO money tomorrow.

Tue, 10/19/2010 - 16:49 | 662585 Djirk
Djirk's picture

In case all you retail investors were feeling left out of the big boys game.

Now there is an online service where a professional money manager can take 1-2% of your assets while losing 20%, not to mention underperforming the main indexes.

Who said innovation in finance was bad?

https://www.wealthfront.com/invest

 

Sat, 11/13/2010 - 08:33 | 724525 mark456
mark456's picture

Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
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