The Bonddad Blog: Read This Now

Monday, August 27, 2007

From the dk Report. It's a great overview of some technical analysis issues and the current market.

sterno said...: Hey bonddad, this is totally off topic, but I wasn't sure what your e-mail address was. I heard somebody mention this on Tom Hartman today and I was curious as to what your take on it is:

http://baltimore.indymedia.org/newswire/display/15697/index.php

The basic gist of it is somebody's claiming that an individual investor is doing something seemingly insane with options on the SPY. Basically they are betting on a large drop in the index in the next month (to the tune of 30%+).

My question is whether this is really as crazy as it seems or is this a surprisingly common thing in the market. Or at the very least not unexpected in a market as turbulent as this one currently it. My tinfoil hat spidey sense is tingling on this, but figured it'd be interesting to get your take.; August 27, 2007 at 2:10 PM
bonddad said...: A play like that makes complete sense right now. I don't think it's anything like inside information.; August 27, 2007 at 4:03 PM
Anonymous said...: This is all over the web:

http://www.slopeofhope.com/2007/08/good-morning.html

http://buttonwood1792.blogspot.com/2007/08/unusual-options-trading-in-s-puts.html; August 27, 2007 at 10:45 PM