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Friday, March 15, 2019

CABLE VIX IMPLODES TODAY

“Yea, that’s Cable imploding today from the “Brexit” vote hangover !”

It never made any sense to me last night looking at the opening call spread 
premiums in GBPUSD & GBPJPY, which were the highest I’ve seen since I 
have been following NADEX from last November … after the votes? … on a 
Friday? … seriously?

And without further ado, today sees the resultant unwind slaughter of 100+ 
PIP premiums erode like ice cream in the sun, as Cable has a 70-ish PIP range 
after 18 hours of back & forth Friday position squaring … currently the 
premiums are hanging around the 60 area, so do the math with 3 ½ hours to 
expiration. Not a position I’d like to be in, that’s for sure.

Oil for its part is going to see another drop this weekend in its 20 Day Range 
MA, and the action in this complex is priced for volatility, but none is 
delivered … doesn’t matter if it moves a little, it needs to move more than that 
to escape call spread evaporation. And so, we leave oil alone until the 20 Day 
Range MA starts to turn higher … and when that is, who knows, cuz the only 
alternative is to lose money, and I ain’t doing that.

Blog update on Sunday … until then mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas
 
OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 
& STOCK INDICES! … “what on earth are you waiting for”?





 

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