10/29 wtf is going on with the last 5 minutes of trading?
\_ automatic trading?
\_ do you mean:
(a) lots of market-close orders
(b) i've got a lot of shorts that need to be worth something
\_ no idea
\_ as i understand it GE just warned on earnings -op
\_ Not true. DOW reported it, but it's a fabrication.
\_ the ceo said something wishy-washy at a speech and
the company said it was "taken out of context"
\_ I dunno but I sold some stuff in the afternoon high point
so I'm happy.
\_ Did you buy puts like I told you?
\_ have you heard of the VIX/volatility crush
\_ You mean the high premiums on options right now because
of the high VIX? If so, yes. If not, do tell.
\_ So you should be selling calls, not buying puts. |