Spanish bonds priced over 6% add to fears in markets
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Waiting on the first print of the options volume on the CBOE to guide us as to just how much bearish sentiment is entrenched and so in the price and how many people have been washed out today…
UPDATE (1) 1.2 on the equity only Put:Call. We are close…. Just need the Greeks to exit stage left now…
UPDATE (2) – Right on cue the rebound starts. Looks like a lot of punters got taken to the woodshed today. Value is apparent everywhere and I ‘think’ this is a good base to start a new upleg over the next few days.
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