OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

I tried to buy the SDOW NOV 16 $15 calls before the close yesterday for 14 cents & didn’t get filled–this morning, with the DOW down

Posted by Richard640 @ 13:29 on November 9, 2018  

about 60 some points I got filled at a dime–I think what happened was that some holders at higher prices panicked & decided to salvage what they could…they were thinking that the stick-save of the DOW the past 2 days would kick in and the DOW would go green,,,

I can’t be sure but this sell-off is broad and worldwide–The Global DOW is now down 35–the Russell 2K is down 29–the trannies are in gear down  148–the 10 yr T-note’s also up 23/64ths…if the DOW closes down 300 or 400…or more, then sun nite/monday morn could be the kick off to giving up the gains of the bounce off the lows…but one day at a time…

 

Filled Buy to Open 200 SDOW Nov 16 2018 15.0 Call Limit 0.10 0– — 09:37:59 11/09/18

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FROM BLOOMBERG=NOV. 15TH BLOOD BATH

One week ago  we warned that what may be the most under appreciated delayed risk to the market is a surge in redemption requests as LPs and investors got their monthly performance reports, showing the worst month in years, and in the  knee jerk response of faxing in their request to have most or all of their money pulled out now before the rout accelerated.
Today, Bloomberg picks up on this risk, with reporter Saijel Kishan writing that following the second worst month of the decade for the hedge fund industry, many are bracing for an industry D-Day: Nov. 15.
That, as Kishan explains, is the deadline for investors to put managers on notice to get some – or all – of their money at year end.
Investors can cash out of most hedge funds quarterly after giving 45 days notice. Withdrawal schedules can vary, as do notice periods. Firms can also levy penalties on clients who want to bail outside of agreed schedules, while investors can cancel redemption plans if they change their minds.
Only this time few will be changing their minds, and the total redemption will be a bloodbath, because if history is any guide, “the rush for the exits will be swift and accelerate.”

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.