Tuesday, June 13, 2006

Pour some out for my dead homies...

James Altucher had some interesting comments in the realmoney.com columnist conversation today. He says that volatility sellers are getting creamed and that index put selling hedge funds were getting liquidated today. The resultant put-buying and associated hedging is pushing the market down, and when those liquidations are complete (maybe tomorrow!) he believes the selling may stop. As someone who has been doing their best to provide some small liquidity to those buying July index puts since the middle of last week, I sure hope he's correct, otherwise I'll be joining my put-selling brethren in some forced margin liquidations of my own!

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