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/ES Vol Spikes: Time For A Margin Hike

Tyler Durden's picture




 

15 Day realized vol double in last 6 week. 30 Day at 5 week high. 90 Day near highs of year. And just because the CME Group is so concerned about investors and their money, this is precisely the time for an ES margin hike. (Yes, we know, the irony would be priceless.)But we jest: just hike those SI and CL margins already. Nobody can see that coming.

 

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Wed, 06/01/2011 - 15:37 | 1329920 LRC Fan
LRC Fan's picture

Here's to hoping they do raise the crude margins, and hell, why not gold and silver too?  If it goes on sale I'll simply buy more. 

Wed, 06/01/2011 - 15:49 | 1329978 Hugh G Rection
Hugh G Rection's picture

The EE is in the process of raiding Ag again.

http://tfmetalsreport.blogspot.com/

Wed, 06/01/2011 - 15:42 | 1329941 Id fight Gandhi
Id fight Gandhi's picture

Never!

Wed, 06/01/2011 - 15:43 | 1329949 plocequ1
plocequ1's picture

Woltz is listening

Wed, 06/01/2011 - 15:44 | 1329952 misterc
misterc's picture

Did anybody notice how the yield curves of Ireland & Portugal are now inverseß

Wed, 06/01/2011 - 15:48 | 1329960 Id fight Gandhi
Id fight Gandhi's picture

Yep long time ago. Markets didn't care.

Wed, 06/01/2011 - 15:44 | 1329957 tallen
tallen's picture

The sky is falling on Wall Street.

Let people speculate as much as they want on overpriced stocks, but not when it comes to gold/silver/oil.

Waiting for CNBC to hail "WE'RE off the lows!!! PARTY TIME"

Wed, 06/01/2011 - 15:48 | 1329958 r101958
r101958's picture

Looking at CNBS, is looks like silver just took a dump in the last few minutes. It was holding at -50c or so and just slid -$1.5.

Wed, 06/01/2011 - 15:51 | 1329971 agent default
agent default's picture

It's realy getting smashed right now. -5.13% on RTFX.  WTF?

 

Wed, 06/01/2011 - 15:54 | 1329987 Cdad
Cdad's picture

They are selling everything.  That simple.

Wed, 06/01/2011 - 15:57 | 1330015 agent default
agent default's picture

Why what happened?

Wed, 06/01/2011 - 16:26 | 1330160 Cdad
Cdad's picture

Ummm....are you kidding?  Hmmmm?  How would I summarize an answer for your question....

...because the greater American Depression, which criminal syndicate Wall Street bankers tossed a TARP over, was suddenly revealed today when a gust of wind blew the cover off?

What do you mean what happened?  By any chance, are you posting from Hong Kong?

Wed, 06/01/2011 - 21:36 | 1331109 Chartsky
Chartsky's picture

They must really be expecting a bad NFP number . . . and figure everybody knows that it's actually worse than whatever number they lie about.

Wed, 06/01/2011 - 15:54 | 1329989 Hugh G Rection
Hugh G Rection's picture

They killed Bin Laden again!!!!

Wed, 06/01/2011 - 16:09 | 1330090 Rynak
Rynak's picture

This has happened for days, though they normally wait until after 6PM.

Wed, 06/01/2011 - 15:50 | 1329965 rajc
rajc's picture

sell sell sell...

Wed, 06/01/2011 - 15:51 | 1329966 Archimedes
Archimedes's picture

Wow! It has been a long time since I saw a 300 down day! Makes me wanna pop open a cold one.

Wed, 06/01/2011 - 16:50 | 1330291 hamurobby
hamurobby's picture

Drinks all around! and the blessed Citi is going DOWN. Nothing would make me happier than to see it tag $15 in the next two weeks, oh the wishful thinking...

Wed, 06/01/2011 - 15:48 | 1329974 r101958
r101958's picture

Got to show that we need QE3, right?

 

Wed, 06/01/2011 - 15:49 | 1329977 Chasecran
Chasecran's picture

Luckily they dropped them yesterday to be instituted today...

Wed, 06/01/2011 - 15:49 | 1329983 Mitch Comestein
Mitch Comestein's picture

Silver down $2.  Investors...grab your ankles.

Wed, 06/01/2011 - 15:54 | 1329998 Dr. Engali
Dr. Engali's picture

Buying some more. That's what investors do.

Wed, 06/01/2011 - 15:51 | 1329985 HUGE_Gamma
HUGE_Gamma's picture

seriously what difference does a $500 change in margin requirment make?

if you have 50k you can only open 9 contracts instead of 10?

 

Wed, 06/01/2011 - 15:57 | 1329996 Dr. No
Dr. No's picture

on a 300 point down day with HFT going into overclock, you'd be surprised on a few margin calls going out.   tin foil hat: raised margin as another motivator for QE3.

Wed, 06/01/2011 - 16:08 | 1330001 Threeggg
Threeggg's picture

Tyler,

It's not happening on the floor of the CME as faux business just showed the ES trading floor and nobody is doing anything. A Bunch of guys standing around looking stupid. LOL

Dead ! 

Update: talking about QE-3 being a shoe-in

Trying to find the video of the ES floor

Wed, 06/01/2011 - 15:56 | 1330006 AldoHux_IV
AldoHux_IV's picture

Market manipulation continues.

Wed, 06/01/2011 - 15:56 | 1330009 What_Me_Worry
What_Me_Worry's picture

Gold still treading above water into a market sell-off and stronger FRN.  I like it.

At some point the PPT has to back off long enough to remind congress who pays their re-election bills?  We should just let the bankers vote on debt ceiling increases and skip the middle-men.

Wooo, BofA offers another 9 month 0% interest on my card(2.9% upfront fee, boo).  I am 2 of 2 dollar carrying that into gold/silver.  Plus, they raised my limit again.  I am certainly the sucker in their book.

Wed, 06/01/2011 - 15:57 | 1330016 Shock and Aweful
Shock and Aweful's picture

Speaking of Margin Hikes...

 

Did we have another one in Silver or something?

What just happened to Silver spot?

I checked about 2:30 and it was about $37.90 and then I looked at the chart about 5 minutes ago and see that in a matter of about 2 minutes...it had droped about $1.40 per ounce!    Making a small retracement now...but still down about $1.80 per ounce on the day.  Gold holding it's own and it still up about $4.50

 

Hahaha....These cocksuckers....

Beat that shit down a little more fuckheads...and pretty soon, they won't be ANY physical to get....CHINA thanks you for your price supression schemes...

 

I think I will be stopping buy the bullion dealer on the way home from work to pick up another 10 - 20 ounces ....at the the new low price of $36.65 per. 

 

If this keeps up...I may be able to get my hands on some more Sub-$30.00 silver yet this summer!

Wed, 06/01/2011 - 16:05 | 1330050 HungrySeagull
HungrySeagull's picture

You might have to shove the Panda bullion aside to get at your coveted silver.

The Market is like a infant. It pukes all over you from time to time but you wipe it up and keep feeding it. Soon enough it will be of mature age and you can cash in.

Wed, 06/01/2011 - 18:32 | 1330623 chartcruzer
chartcruzer's picture

may have had a ES vol spike,,,BUT,,,  NYSE volume is NUTS!  This level of volume on a average basis is typically associated with the XMAS holiday.    The chart below maps low volume events to the $SPX.   Some indication that this could preceed a drop however, the statistics are weak in this case.

Note the bottom of the chart for Avg Vol.   The red vertical lines coorelate to the index above.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s208587727]&disp=P

Wed, 06/01/2011 - 21:00 | 1331019 Smu the Wonderhorse
Smu the Wonderhorse's picture

Please forgive my ignorance, but what, exactly, does "ES" stand for? Investopedia won't tell me.

Wed, 06/01/2011 - 21:40 | 1331122 ejhickey
ejhickey's picture

e-mini S&P 500.

Wed, 06/01/2011 - 21:40 | 1331123 Chartsky
Chartsky's picture

@chartcruzer:  low volume before the re-programmed computers kick-in.

 

@Smu:  ES is the symbol for the E-Mini S&P futures contract.

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