I would try to find companies that announced earnigs today and killed estimates. These are going to be the stocks that get beaten down only because of the market and once this all clears up will jump significantly (or so I hope).

 

^ Meh....that's not really a good quick play, nor is it that profitable. (Two posts above me)

Think sectors that are going to be getting hammered or negative Beta movers. Find a nice leveraged ETF that moves Bear or Bull based on its portfolio and cash in at the end of the day.

You'll loose a little money in fees, but you don't have to take any short positions, and the leverage will turn more money.

Holding Leveraged Etf's for weeks or months is an awful idea, but when you know the way a sector is going to turn it's a great way to cash in off a horrible market. All my long position are getting hammered, even ones that posted positive earnings.

 

In defense of FXTrader, long gamma is actually a marvelous play right now... For those with decent option knowledge... check your volgamma and vanna numbers... They exploded and anyone who just happened to buy a gamma swap is essentially breaking the bank.

The only problem with the discrete play is you need to ensure your in a very liquid name, but I'm hearing from my desk that tons of institutional players who were late to the swap party are trying to play the discrete game

CD~

 

Lol I can't believe this thread isn't blowing up more. This is insane. There was a human error? No there was a computer error? Lol P&G goes from 61 to 42 back to 59 in 30 seconds. Insane. These times, I wish I had a fund.

-- "Those who say don't know, and those who know don't say."
 

I loaded up on the Yen, Aussie and Kiwi when DOW was down about 800 points... awesome 2 days

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 
Best Response

The Yen is one of the primary currencies to "borrow" when doing the carry trade due to its low interest rates. So as risk came off and the carry trade began to unwind, the Yen skyrocketed, against the dollar it was up over 6% at one point.

Aussie and Kiwi are good measures of risk, for the most part follow similarly to equities and volatility.

Since it was difficult to get trades to execute on SPY and all, and I felt the drop was not going to be sustained, I went into the FX market since it is much more liquid.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 
Revsly:
The Yen is one of the primary currencies to "borrow" when doing the carry trade due to its low interest rates. So as risk came off and the carry trade began to unwind, the Yen skyrocketed, against the dollar it was up over 6% at one point.

Aussie and Kiwi are good measures of risk, for the most part follow similarly to equities and volatility.

Since it was difficult to get trades to execute on SPY and all, and I felt the drop was not going to be sustained, I went into the FX market since it is much more liquid.

oh, that makes sense. Thanks for the explanation.
 

Well, if say you thought skew would rise for strikes greater than ATM, you could:

Buy OTM Calls (or ITM Puts) Sell ATM Calls/Puts, less OTM Calls or less ITM Puts Delta Hedge

Therefore, if the curve shifts up or down, you are essentially flat. If skew rises for OTM Calls (ITM Puts) you benefit because vol would rise more for the options you bought than the options you sold.

This can get tricky margin wise for the individual investor since you are selling naked options, so keep that in mind.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

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Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock

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