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Tomorrow Is OpEx: What Happens Next?
Presented with little comment aside to say "Fool me once, shame on you" but fool me eight times...
Behold The OPEX Rallies...
2015's OPEX rallies haven't failed yet to provide a tradabale downswing... is the market capable of withstanding one this time?
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SPXU bitchez!
Poland pays Qatar to sell its LNG to other consumers.
You can't make this stuff up.
http://thesaker.is/turning-down-russian-gas-has-already-caused-poland-huge-losses/
They traded certainty of supply with Russia for slavery to hateful muslims.
WTI 20s on deck.....
RIPS
Poland loves coal, not gas. I close the windows at night.
Gold down $50 bucks.....I live for this crap.
Stop telling everyone about it.....it's suppose to be a secret.
Clearly a case of "Efficient Market Theory"
Yes, fool me once shambers on me, fool me twice, shambers on you. Fool me 8 times, well get just the life insurance policy out and see how much you can collect.
Drop your pants, my Polish Bitch. I'm horny.
Vlad, help us!
Haha, you did it to yourselves. Enjoy that Arab load!
I'm Cornhole Sanders,m I know that.
How long before the next 7-year crash happens? Honestly, I can't handle the lead-up much longer.
Another optimist.
Say. That kinda looks like what they do with options expirations in gold, doesn't it? ... (scratching nuts)
Yes, it's a sarc
Be quiet your giving away my golden egg. nothin more sure thing than a carpet bomb on op eX day
Me and my ferocious 1 contract they see standing there and loath to have to do it
cowdiddly (if that is your Real Name) --
if you would post more often, the zh readers could contemplate your avatar with more regularity.
which serves to remind ....
tylers:
what with fasterer bandwidths and memories and disks and whatnot and all, maybe certain users should have 2x larger images.
Think About It.
Might Increase bandwidth costs think about it, the sheet is free elsewhere duh, sorry had to do it! da
Thenwe'd all post .gifs of swinging tits, not that that would be a bad thing.
HUSH HUSH sweet knuckles.
Please I just bought an new-old collector car...had to lay out cash left right and centre on crap beyond that. HUSH and let the gold naysayers keep the price down on this "pet rock", Beanie Baby, relic until I can flush out my pin money fund.
Dive the price please again. Dive it down just for us. Take it back to $1000 one more time...I promise I will be ready. I thank you for your time.
FWIW, based on info & tips from quite a few sources, I can say 95% confident by end of holidays (i.e. end of December). But, I would not be surprised if mid-November. Late October would be surprising. September was never serious.
Of course, this is 2p from random guy on internet :)
Impending Systemic Financial Insolvency - Dave Kranzler w/ Jay Taylor
I suggested in a blog post last week that the extraordinary “outlier” amount of reverse repo transactions conducted by the Fed with its system member banks beginning in mid-September went several standard deviations beyond the amounts used in quarterly bank “window dressing” maneuvers.
I received several emails, of course, suggesting I was wrong and that the all-time record amount of reverse repos was de rigueur. Rather than write a blog post explaining why the “de rigueur” view is wrong, I was able to discuss the entire reverse repo process on Jay Taylor’s “Turning Hard Times Into Good Times” radio show.
Click below for Kranzler's full article and show listening options:
http://thenewsdoctors.com/?p=521946
Gold and Silver will be beaten like a red headed step child tomorrow.
I wish they'd beat the fuck out of it for just a week so I can unload this fiat. It never seems to go low enough. Give me $800 and I'll "back up the truck".
I'll take $1000 but please rock and roll it lower until this farce of US elections. I will be ready.
Regardless of the fiat bid, the ask will never go below 1200 again. Never. The low hanging fruit is gone.
Hopefully the fairy gold angel will send Harry Dent and Jon Nadler $700 gold.
Dare to dream.
Buy.
whats your target price?
Man, I hope $800, but it seems like the correction is ending and people are starting to see the emperor has no clothes/fed cried wolf one too many times. Next they're going to be crying uncle.
C'mon Devo.
How many times? I do not think it is over and may go higher (kinda like into $2000 land) and then crash the money out. Paper games. But I think $1000 once run up and crashed again. Like the final flush. But at some point it will go no offer. How long? Before I am dead.
c
Yes, Charlotte, but the South will rise again.
--Rhett
Saw this this morning. This guy is not too bad. Northman, that is.
Futures up.
Futures down
90 minutes later
buy the dip
Drop some 'pane and take a trip.
This Time Is Different™
OK Lucy, I trust you...........Charly Brown
For real though, I got out the last of my front month today, Ill let the machines fuck everyone with the gamma on OpEx, I am sleeping in. They do this shit every cycle, its how the system works. The going up into the end of OpEx part not the selling off after, thats new and exciting! I believe its statistically 75% of the time we are up on that week of OpEx over the last 20 years but I would have to double check, I know its something around that. Its beause of the way options work mainly, and general market structure/the future rolls but that's not tomorrow.
In related news: The VIX is at a major level right now; the 68 week moving average. That average btw has made a wide base and has TURNED UP, guess the last time that happened? /spoiler/ 2007 /spoiler/ That is not to say it wont go right back to 12 in the short term but it suggests very very strongly that after the next bottom in vol, which very well could be tomorrow, then we are in for some fireworks. I give it till next week but my positions are mostly in NOV15 and JAN16 now.
We have to be close, I mean 'cmon, look at the COMP. Look at it! Death.... that is what death in a security looks like.
Thank you for this timely post...
Behead, cut balls off and cremate every Algo Parasite
Did you mean...
Cut balls off, behead, and cremate every Algo Parasite?
Are we there yet?
what if the emporer shits the bed and no one tells him?
they got it mostly where they want it already. modest up or down would be my guess.
Well they say a cat has nine (9) lives. One more bounce?
(unless the cat is terminally ill) ..
you got your dead cat in the middle of the road
oh you got ur dead cat...in the middle of the road
and it's stinkin to high high heaven.
Dead cat in the middle of the road. In a few hours it will be a 'sail cat'. Kinda like a hairy frisbe.
What if it is Schrödinger's cat?
Then it will likely wave at you.
Bump up interest rates,see the Dollar soar and commodities drop like hell.Oil and the beheading,terrorist financing Saudi regime get no sympathy from me.Their King should have been thrown in the slammer,tried,de-balled and hung when the basturd was in Washington.
What does OPEX stand for, operating expenses? I don't get it......why would there be OPEX rallies?
Maybe it has something to do with options expiring.
A calendar
http://www.marketwatch.com/optionscenter/calendar
http://www.investopedia.com/terms/e/expirationdate.asp
Expiration Date (Derivatives)
DEFINITION of 'Expiration Date (Derivatives)'
The last day that an options or futures contract is valid. When an investor buys an option, the contract gives them the right but not the obligation to buy or sell an asset at a predetermined price, called a strike price, within a given time period, which is on or before the expiration date. If the investor chooses not to exercise that right, the option expires and becomes worthless and the investor loses the money paid to buy the option.
BREAKING DOWN 'Expiration Date (Derivatives)'
The expiration date for all listed stock options in the United States is normally the third Friday of the contract month, which is the month when the contract expires. However, when that Friday falls on a holiday, the expiration date is on the Thursday immediately before the third Friday. Once an options or futures contract passes its expiration date, the contract is invalid.
alt version
http://www.theoptionsguide.com/expiration-date.aspx
Options Expiration day.
Let me go out on a limb on this one: Commodities get slammed?
A rally? Come on. Really? With no real GDP you want to pay 18 times for paper with pretty pictures which they don't even deliver to you anymore? Do you not remember the dot-com sucker punch? Do you not see margin debt going down? Do you not see that the Fed is out of arrows in its quiver? Mutual fund cash at less than 3% doesn't bother you? The litany could go on and on; but, why bother when the whole thing is just a giant Ponzi scheme.
Yes Tiger. But deformed markets are delinked from fundamentals. Debts sustained by steroids walk zombies differently. Rallies and Crashes are just on/off respites from trips. Chimpanzees (not you) can give you better guidance from their dart throws.
You down with O~P~EX ?
Who's down with O~P~EX ?
You down with O~ P~EX ?
Who's down with O~ P~ EX ?
Yo! Mahn! Spired out o' de money again!
I believe we’ll see a (short term) High this Friday or Monday, OCT 16-19, Target 2040-45.
This is based on Cycles and Elliot Wave, see 4h chart below.
If wave 1 = wave 5 => Target is 1990 + 55 = 2045.
http://tripstrading.com/2015/10/15/sp500-a-short-term-high-for-oct-1619/
So it's all science after all......I see.... And I thought it was simple animal spirits being manipulated by people standing behind curtains of professional opacity.
do you cross-check your elliot wave against chicken entrails?
HMMMMMM
THINK MUCH
....LANGLEY?
Joe, since I'm backing you for Big Cheese, I wanna show you the secret OpEx button in my desk drawer. Janet tells me when to push it.
Gee, thanks, boss.
Looks like there are parties out there desperately pumping up the "markets" every time before OPEX (sold too many puts? scrambling to limit losses?).
Or it's a "strategy"?
Buy calls, sell puts and then buy the underlying stock
Do loop until...
--> worst case is you convert more and more fiat into equity, can go on a pretty long time
If you're big enough, it might even work for some time. Until it doesn't anymore.
The problem is, the opposite doesn't look so good on the books...
Sell calls, buy puts and sell the underlying stocks or short the stocks
--> at one point there are no "assets" left, just short positions...
(PS: Most of ZH probably know pretty well what is going on, but I'm still trying to figure things out here by thinking loudly; might make me look a bit stupid at times, but would be great to get comments; and if not, what the heck at least some of you can enjoy a good laugh)
oct 16 2015 spy max pain = 200
it sits at 202 and change now
How is that determined? I am ignorant on that topic. That observation, assuming it is true, comes from knowledge and understanding. Will you share or give some insights for learning? Thank you.
There are always suckers in the casino. Every gambler thinks he or she will come out with winnings.
what happens next is another opportunity to btfd. yeah bitchez!
Not trying to be rude or anything - but this bitchez thing is juvenile.
Are you a little bitch?
I wish I could face you person to person; perhaps we live close enough to drive.
That is on the wrong side of the line.
I eat fish for breakfast; perhaps you live in the midwest?
Yeah. Fuckin' juvenile Bitchez.
You observe correctly.
The abuse and misuse of ones native language; particularly among women, is always indicative of a nation that is near total failure. There are no exceptions as history shows; always pay attention to the behavior of women, for they are the last to compromise integrity and we are a forgone conclusion.
Well.... 10AM eastern and no gold smack.