The collision of global markets and social mood

Friday, December 20, 2013

Quad Witching

GDP got "revised" higher to 4.1%. Ha. Gotta love revisions.

Gotta love ex-dividend dates, too. Apparently SPY goes ex-dividend today . . . on a Quadruple Witching Day (when stock index futures, stock index options, stock options, and single stock futures expire). So while the futures are up 3.75 or so, SPY is trading in the pre-market as though they are down 7 points.

So much for those calls I wanted to cash in today on any breakout above 1813.55. Holding 181 calls expiring in January.

Getting a large sell signal on the daily chart. Gut feeling that there could be a sell off after op-ex today. Also, just heard Jim Cramer say "People are getting a little greedy here."

Bought some VIX 18 calls yesterday. Will buy more lower. Have a great weekend.

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