Some of today’s underpriced calls are underpriced because the underlying has been so volatile over the last 100 days.
We got our new high close in
the S&P 500 yesterday, thanks to a flurry of
Dow Jones news “raps” late in the day by Greenspan, his cronies, and the ever-present Bob Rubin.
How To Trade Volatility
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T-bond futures Short-term perspective: There were no economic reports today, and the June futures [USM9>USM9] gained slightly (three ticks) today as the market consolidated Fridays gains. We will look to sell tomorrow in the 121 15/32 area and above. Long-term perspective: Bonds are still in a
The Dow closed at an all-time high of 9736.08 on Friday, up
268.68 on the day. Six stocks–IBM, AXP, MCD, WMT, UTX, and T–accounted for 46 percent of the
All times Eastern Standard Time
T-bond futures Short-term perspective: The June futures [USM9>USM9] rallied 26 ticks on a jobs report that showed unemployment increasing to 4.4 percent from 4.3 percent. The consensus was for a drop,which would have further confirmed fears of a stronger economy. Bonds were up over two points durin
Yesterday was almost a replay of Wednesday’s action, when the Mysterious
Futures Man showed up at 3:30 p.m. to close the S&P 500 cash right at its 50-day moving average.
Watching Volatility on Different Time Frames