Ruinous Vipers

I don't want to do this today as I'm so angry and frustrated that I can hardly type.

And why? Because I've been reminded again of how I'm powerless to stop them.

Yesterday, I spent nearly the entire morning post explaining how the open interest in all of the mining share and ETF options was heavily skewed toward calls after the recent rally. As such, we had to expect a smash today that would move hundreds of thousands of calls out of the money...costing regular investors/traders money while saving boatloads for The Evil Ones.

I felt so strongly about it that I...

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Key Economic Events Week of 4/28

4/29 9:00 ET Case-Shiller home prices
4/29 10:00 ET Consumer Confidence
4/29 10:00 ET JOLTS
4/30 8:15 ET ADP jobs report
4/30 8:30 ET Q1 GDP first guess
4/30 9:45 ET Chicago PMI
4/30 10:00 ET PCE and Core PCE
5/1 9:45 ET S&P Manu PMI
5/1 10:00 ET ISM Manu PMI
5/2 8:30 ET BLSBS
5/2 10:00 ET Factory Orders

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