“Today was one of those days you should have stayed in bed!”
There isn’t anything that can be said about the process of “Brexit”, and its
effect on Cable and/or Cable crosses, that hasn’t been said by many, none of
which is complimentary or good … today proves that point in spades, as the
“shitshow circus” continues with May’s Gubermint flipping & flopping to get
a “deal” … any deal … through Parliament come hell or high water.
87 cent range today … gold literally dead … and the SP500 can’t even get a
10 index point range for cryin’ out loud … and oh yea, EURJPY rites will be
held tomorrow night in the FX chapel.
Up ‘till the point when May “flipped”, it was looking like death for anybody in
the call spreads that was long … thereby pointing out why I’m almost NEVER
short gamma … it’s simply a shot to the head, with no chance to recover when
it occurs.
market behavior reinforces scumbag LP dealer “scumbaggery”, and that
generally means very high call spread premiums … we’ll see … until
tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
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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