15 days ago • Posted by William Ramstein
Constant new all time highs during August tends to call for ''worry''
August proved to be a great month for new all time highs. Last time we had similar all time high counts was in 1929 and 1987. On both occasions the market decided to crash in October. Current melt up is playing out well and vols are in implosion mode again. Ideally protection becomes cheap and traders can start tilting the book into some serious long premium plays/hedges/downside speculation. After all October tends to be volatile... @TME