Indices 13/03, page-181

Perhaps just till Fed next meeting.

Although I've believe XJO has a lot left to fall I'm pretty cautious of CPI games tonight.

Whether or not this is GFC 2.0, I've been looking at trading patterns from back in 2008 and MMs held prices pretty well for a few weeks after the Lehman shock.

Volatility entered markets but most losses were erased shortly after that initial drop - however when the waterfall started weeks later it was pretty intense.

Just closed my XJO June puts.

Might be smart, might not be but profit is profit and I'm happy to lock in another one this week.

Had enough options positions to know those gains can disappear in the space of a session and it's not a bad time to have spare cash available.

Plus I still have an XJO spread from highs with plenty of time to run.

Beware the games that'll happen over coming weeks - it'll make or break many traders...