|From: luvb2b (Rep: 2098)||Date: 11/15/2019 11:00|
|Forum: Wall Street Pit - Msg #2805150 - List SPX msgs ||Thread #674108050 (Rec: 0) |
|someone early did this morning did 8500 call spread pairs: buy 3110c sell 3115c sell 3120c and buy 3130c|
i estimated his total cost around $2
so he's got about $8 of downside exposure if the spx runs over 3120 and i would venture a potential scramble to cover late... accordingly bought some spx 3120c expiring today for a potential surge.
"There are those who market trades, and there are those who trade markets.
There are those who follow marketers, and those who follow markets.
The marketers feast on their followers; the traders feast on the markets." -luvb2b
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