Got it all wrong? It closed at 40.95. I called the 10am EST value at 26.00 The value at 10am was 27.18. How did I get it all wrong? Raked in 7 figures from the drop. Any other questions?
What made you think vol would drop? Perhaps the $1T in EU backstop? Or maybe the 3% move in futures Sunday night by the time you posted this thread? Yeah, I have a question... why don't you produce a blotter?
Well, I could provide a copy of my mixed straddles report & sec1256 contracts from last year. Its a nice 8 fig number. Howabout we do this - double or nothing on the amount? 2010? I'll do the same if you are on board.
And BTW, yes futes were up ~25 at the time (not anything like 3%) and the bailout was only EU110b at the time.
Futures were printing 1135 as of the time stamp on your first post to this thread. That's >2.5%. And you're FOS on the bailout, as 500B Euro was all over the wires, well before this thread: http://news.theage.com.au/breaking-...es-up-500beuro-crisis-fund-20100510-um5m.html The 110B was limited to Greece and was in the market last week. The continental-EU bailout talk started Saturday with Merkel's comments.
Not interested in your tax return, which has absolutely no bearing on the trade at-hand, simply the BS blotter showing you earned >1MM on vega on today's action. This is your thread, right? Hindsight is a wonderful thing. If you want credibility, then post the 1MM short vega BS on FRIDAY, before the close, when it actually meant something. I don't care if it was 50MM vega; it's meaningless if posted after the market ran 2.5%. Here's an example of an actual legitimate call made in realtime. It just happened to be a winner: http://www.elitetrader.com/vb/showthread.php?s=&threadid=198077