Yep. WS business model is to run up the VIX sell a bunch of puts, then run up market with each other and pocket the options cash.
American Navy could wipe out China navy in 1/2 hour. That why not Chinese do nothing.
How about you write 20,000 $162 puts at .01 and pocket $20k with 75 minutes till they expire.
If it goes below the 50 watch for the head fake. They'll often take it a little below and it looks like it's breaking, then the bounce happens from below the actual exact number.
Ya'll thinking bounce tomorrow and a good pop up?
The fear for a short would be the Beige Book indicates that the QE draw down isn't as close as some project and we shoot up on that at 2pm.
They hope and need problems in the economy. If the economy strengthens the crack pipe is taken away and the risk addiction rips into their souls. An evil group for sure.
Been a while since a visit to the 50 dma....which is around 1,600 as well.