Nobody ever said I was devoid of ideas.
Most of the calls are up anywhere from a 100-150% from this A.M. thanks to the PBOC
(Peoples Bank of China)
EWA…is putting an ORH day. I like the fact that it held it’s 200 DMA again.
ASX 200… Futures need a close over 5483 for the same pattern.
What to do now? Well everybody just loaded up the boat for a year end romp.
Most of the names I’ve featured from the Oil Patch, to today’s list have had big moves.
The smart thing to do is pay for your trades on the close, particularly if you’re long calls.
$95 Crude Oil is neutral on my work.
Tonight going into tomorrow has potential for volatility with the Scottish vote and FOMC tomorrow.
VIX…once again failed @ 14.25. It’s putting in an ORL day which is Bullish equities.
Portfolio Managers…Long Only GUYS
SEPT 14 VIX 14 Calls ( these expire Friday) will be trading .10 cents or less if this direction continues into today’s close.
Most managers are long only while most hedge funds run a long/short book.
This is an excellent setup to buy downside for basically nothing for 3 days worth of portfolio protection against a long only book.
Wait for the close to buy these calls if you’re interested in buying insurance.