Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
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Gotta love Citi marketmakers, SPI close to some calls barrier level and they don't push through it!
Yet
Gotta love Citi marketmakers, SPI close to some calls barrier level and they don't push through it!
Mostly these,
push them up clean them out.
Looked like it was equities driven? Buy progam ticked everything up.
Think we're close to a bottom, In the Russell 3000 decliners led advances 17.5 to 1, and Correlation went through the roof.
Gotta love Citi marketmakers, SPI close to some calls barrier level and they don't push through it!
What do you mean by this, sorry my brain is fried and need an easy explanation?
They, as the writers of the options, could of pushed the spi down just 3 ticks and made the oppies worthless.
Fark me, negative employment and revision, but the rate dropped, damn stats skewing!!!!!
Which correlation skyquake? just curious.
Unemployment figures were apparently better at 9.7%, so thats what sparked the rally.
Not much of a rally. dow sub 10K just now
So...is this good or bad? ES has rallied fairly hard just now..
In the Russell. All the sectors did the same thing, as did the stocks in the sectors. Nothing managed to hold up.
A bit similar to what we had today in our small caps, everything was dumped indiscriminately.
On another note, it seems some portfolios had to sell down holdings today. Crossing in the morning on a range of stocks not limited to XJO or even XKO so I guess it wasn't just an index fund. Diverse selling = redemptions = fund does not have enough cash to pay the people withdrawing = FUND IS ALREADY FULLY INVESTED. No more money on the sidelines. (At least for this fund anways)
Just some food for thought
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As for the Citi MMs, if the market was pushed down those 3 ticks, what ramifications would this have?
Knock-out (Barrier) index warrants
Some index warrants are issued as knock-out warrants which contain a barrier feature. Similar to equity knock-out warrants, if the index level hits or passes through the barrier level, the warrant will expire prematurely with the warrant value as zero. See the Equity knock-out warrants example for more information.
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