|
PureBytes Links
Trading Reference Links
|
-----Original Message-----
From: THE DOCTOR <droex@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, November 01, 1997 6:07 PM
Subject: Re: Victor Niederhoffer
>A story circulating at the CBOE(not confirmed just a story)was that what
>to Victor down was the change in implied vol.....he was in fact short
>combs and got hurt on both sides. The story alledges that the combos
>were combos on the Spoo future so I can't confirm. It's interesting
>because in a sense he wasn't murder purely by the decline...he was taken
>out by the short option ttrader's worst nightmare .. a spike in implied.
>
Hmmmm.....
If he was short the combo, he would be short calls and long puts. Given
that there was some panic to the downside, he should have benefitted from
the increased demand on puts - on the other hand, if he was just short
calls.........
John
jlbishop@xxxxxxxx
|