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Paying Attention NOW?
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Paying Attention NOW?

by The MoleOctober 21, 2009

I could have told you rats this yesterday but I wanted to see if anyone has paid any attention to what I have been trying to teach in the past few months. So, if you wonder why that spike of God is murdering your puts then here is your answer:

First one who tells me what this means gets a gold star. Seriously, I’m pretty tired of spoon feeding you guys – and if I see another ‘Anna/Berk/Mole, do you think that…” post I am going to hurl.

I’m nicely hedged btw – let’s see how far this thing pushes – I already added more puts to my collection.

10:39am EDT: Update from the Dollar front courtesy of retracementlevels.com:

As you can see we are slightly between two key levels – which are 75.26 and 75.07. If we breach through the latter I see bad bad things in store for us bears. So, sacrifice a chicken (not a stainless steel one) to your favorite deity and pray that the buck stays above 75. For the record – prayer and hope rarely make for good trading strategies, especially if it involves Satan, trust me on that one.

11:00am EDT: Mr. VIX has officially arrived at basecamp:

Yup, vega is a bitch (for put/call holders).


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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