Sold to open 4200 jun puts- these of course expire at 10.10 Fri morning, so hope the drop is not the pending plummet that I expected last month. Much talk of Jun 30th being a crunch point as fund managers look to do something or other.
CNBC reported a trade - someone buying 45/55 VIX options call spread for July expiry based on a possible big drop(in equity markets obviously). I have little faith in CNBC's investigative powers, and they claim that this is 20,000 lots, you'd question how they were able to place such a monster trade, and why would you place it all at once?. VIX has blipped up, and I'll be looking to place a July put Xmas tree, and maybe I'll leg into the naked shorts.
I will hope to sell some calls this week- the June series, but the market may not be kind enough to offer meaningful premiums.
Meanwhile the 20-20 cricket has surprised me as an entertainment- a slogfest, but quite enjoyable.
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