Domingo Halliburton
Handmade in USA
I'm surprised how the market is reacting. I thought it would be rate hike back on the table and we'd see a sell off but the day is still young.
Boiler Room: The Official Stock Market Discussion
I'm surprised how the market is reacting. I thought it would be rate hike back on the table and we'd see a sell off but the day is still young.
GoogleMe
$ ¥ € £ $
Selling puts on lower strikes will be at higher premiums I'm assuming?
Domingo Halliburton
Handmade in USA
well the further out of the money they are the cheaper they are because of the less likelihood of them hitting. did I understand your question correctly?
but the Sept 18 puts are at .90 and the 17 are at .55
GoogleMe
$ ¥ € £ $
But if you're selling puts you want the price to remain above your strike, so the further down you go on strikes, the premium should be higher because you are taking on less risk, right?
Edit: I got ya. I was mixing it up.
ExodusNirvana
Change is inevitable...
XIV slowly bubbling...so mad I did'nt wait til yesterday when it was at 25 
GoogleMe
$ ¥ € £ $
Chinese stock traders are mostly unsophisticated and untrained. They were crushed.
Chinese Man Jumps From 17th Floor In First Stock Market Casualty
It appears the collapse of China's stock market has officially taken its first victim. While we have heard from desperate farmers who lost everything after realizing that making money in stocks is not easier than farmwork, RT reportsthat a 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building with a black briefcase "full of stock-related materials," local press reported.
As we previously heard from one Chinese farmer,
From the hope-filled exuberance of early June to Yang Cheng's utter hopelessness, "I have lost everything,"after he followed the government's 'grand plan' to open the economy and encourage stock market speculation.
Having piled his life savings (plus his relatives' money) into the market, thanks to encouragement from his broker he borrowed $1 million in margin and bet it all on one stock - a local mining company.
Now, after being forced to liquidate by the same risk-encouraging brokerage, he has suffered catastrophic losses... and he is not alone...
"I don't know what to do... I trusted the government too much..." he exclaims, adding "I won't touch stocks again, I have ruined everyone in my family."
And now, as RT reports, it appears the crash has claimed its first victim,
A 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building, possibly in response to a recent stock market crash in China, local press reported.
The building belongs to the city’s Chamber of Commerce and the 17th floor hosts a security exchange center,China.org reported citing a local newspaper. The incident took place Tuesday afternoon at around 2:00 p.m.
According to a witness, a black briefcase ‘full of stock-related materials’ was found on the ground next to the body of the man who was reportedly identified as a local resident.
While authorities are investigating the reason for the dive, it has been suggested that the suicide was connected to the recent stock market crash.
Be careful who you tell about this though...
Last month, Chinese authorities arrested a man who had allegedly been spreading rumors about people jumping off buildings in Beijing because of a stock market crash, China Central Television reported. The 29-year-old man allegedly wrote on social media that “there are people, because of the stock market crash, who have jumped off buildings in Beijing’s Financial Street.”
The post in question disappeared the day after it was created, thought to have been deleted by the state censors. Its author was detained for “disorderly behavior.”
* * *
Chinese Man Jumps From 17th Floor In First Stock Market Casualty | Zero Hedge
Chinese Man Jumps From 17th Floor In First Stock Market Casualty
It appears the collapse of China's stock market has officially taken its first victim. While we have heard from desperate farmers who lost everything after realizing that making money in stocks is not easier than farmwork, RT reportsthat a 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building with a black briefcase "full of stock-related materials," local press reported.
As we previously heard from one Chinese farmer,
From the hope-filled exuberance of early June to Yang Cheng's utter hopelessness, "I have lost everything,"after he followed the government's 'grand plan' to open the economy and encourage stock market speculation.
Having piled his life savings (plus his relatives' money) into the market, thanks to encouragement from his broker he borrowed $1 million in margin and bet it all on one stock - a local mining company.
Now, after being forced to liquidate by the same risk-encouraging brokerage, he has suffered catastrophic losses... and he is not alone...
"I don't know what to do... I trusted the government too much..." he exclaims, adding "I won't touch stocks again, I have ruined everyone in my family."
And now, as RT reports, it appears the crash has claimed its first victim,
A 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building, possibly in response to a recent stock market crash in China, local press reported.
The building belongs to the city’s Chamber of Commerce and the 17th floor hosts a security exchange center,China.org reported citing a local newspaper. The incident took place Tuesday afternoon at around 2:00 p.m.
According to a witness, a black briefcase ‘full of stock-related materials’ was found on the ground next to the body of the man who was reportedly identified as a local resident.
While authorities are investigating the reason for the dive, it has been suggested that the suicide was connected to the recent stock market crash.
Be careful who you tell about this though...
Last month, Chinese authorities arrested a man who had allegedly been spreading rumors about people jumping off buildings in Beijing because of a stock market crash, China Central Television reported. The 29-year-old man allegedly wrote on social media that “there are people, because of the stock market crash, who have jumped off buildings in Beijing’s Financial Street.”
The post in question disappeared the day after it was created, thought to have been deleted by the state censors. Its author was detained for “disorderly behavior.”
* * *
Chinese Man Jumps From 17th Floor In First Stock Market Casualty | Zero Hedge
Futuristic Eskimo
All Star
Whats with the VXX/VIX divergence?
GoogleMe
$ ¥ € £ $
Maybe because of tomorrow expiry? I don't think it means anything. Also VXX tracks VIX futures, not the VIX index.
Domingo Halliburton
Handmade in USA
September and October VIX are actually up today despite the spot being down.
Futuristic Eskimo
All Star
Heard of China’s Fake Rolexes? Now There’s a Fake Goldman Sachs
China has been accused of pirating movies, handbags, Rolexes -- even cars. Add Goldman Sachs to the list.
Goldman Sachs (Shenzhen) Financial Leasing Co. has been operating in the city just across the border from Hong Kong using a nearly identical English and Chinese name as the New York-based financial institution, Goldman Sachs Group Inc. It claims on its website to be one of the city’s largest financial leasing firms.
A receptionist answering the phone at the Shenzhen company who declined to give her name said it’s not affiliated with the U.S. bank and wouldn’t offer how it got its name, emphasizing it includes Shenzhen. It’s the first time she’s been asked the question, she said.
A filing with the Shenzhen government indicates the company has been operating since May 2013. The company uses the same Chinese characters, gao sheng, as the real Goldman Sachs, and its English font is evocative of the U.S. bank’s.
Connie Ling, a Hong Kong-based spokeswoman for Goldman Sachs, confirmed there are no ties between the U.S. investment bank and the Shenzhen company and said Goldman is looking into the matter.
It’s not the only bank facing brazen name-borrowing. In a more extreme example, a 39-year-old man in eastern China’s Shandong province was arrested earlier in August after setting up a fake branch of China Construction Bank, including card readers, teller counters and signs, according to the Xinhua news agency.
Shenzhen’s Goldman Sachs came to light through a letter sent by a U.S. casino workers union to Chinese officials. The International Union of Operating Engineers said it sent a letter to Wang Qishan, head of the Chinese Communist Party’s Central Commission for Discipline Inspection, which is spearheading the biggest anti-corruption crackdown in decades.
Money Laundering
The letter called on China’s government to investigate Goldman Sachs (Shenzhen), which it said is a financial services company linked to a group of gambling companies controlled by the family of Cheung Chi-tai. Prosecutors in at least two other court cases alleged he has ties to Chinese organized crime gangs, known as triads. Cheung is awaiting trial and his next court appearance is scheduled for September.
Cheung is a prominent figure in Macau junkets, which facilitate loans to Chinese high rollers in the only Chinese territory where gambling is legal. Casino revenue has fallenas China’s anti-corruption drive has affected junkets.
“Macau’s current gambling regulatory structure we believe is ill-equipped to monitor and adequately regulate a junket’s outside partnerships and financing arrangements,” Jeffrey Fiedler, the U.S. union representative, said in the Aug. 25 letter.
Possible Ties
The union has been trying to pressure Chinese and U.S. regulators to investigate Macau, where American casinos such as Las Vegas Sands Corp. have big operations, for possible ties to organized crime and money laundering.
Three phone calls to the office of the CCDI in Beijing went unanswered. An operator with CCDI’s hotline for public reporting said she’s not familiar with the case.
The company’s office is located in a relatively new gleaming high-rise office park along a tree-lined street on the western fringe of Shenzhen, a former fishing village turned global manufacturing powerhouse.
Gold Control
The union said the Shenzhen company is controlled by a Hong Kong-based gold trader unaffiliated with the investment bank. Its connection to Cheung is through relatives, the letter said. The Shenzhen Goldman Sachs’s website was inaccessible as of Wednesday, though it could be viewed in screen grabs captured by the union.
“There have been quite a few cases where Chinese individuals or organizations have registered in China the trademark of an existing and established overseas brand,” Paul Haswell, a Hong Kong-based partner at law firm Pinsent Masons, said in an e-mail.
If history is any guide, Goldman doesn’t have much chance of changing its Shenzhen doppelganger. Basketball legend Michael Jordan lost a case against a Chinese sportswear company that used the Chinese version of his name.
Apple Inc. paid $60 million to settle a trademark dispute with a Chinese company that had applied to block the sale of iPad computer tablets in 2012.
“It’s notoriously difficult for an overseas claimant to persuade the Chinese courts that there has been trademark infringement,” said Haswell. “There’s still a practice of whoever registers first wins.”
Heard of China’s Fake Rolexes? Now There’s a Fake Goldman Sachs
China has been accused of pirating movies, handbags, Rolexes -- even cars. Add Goldman Sachs to the list.
Goldman Sachs (Shenzhen) Financial Leasing Co. has been operating in the city just across the border from Hong Kong using a nearly identical English and Chinese name as the New York-based financial institution, Goldman Sachs Group Inc. It claims on its website to be one of the city’s largest financial leasing firms.
A receptionist answering the phone at the Shenzhen company who declined to give her name said it’s not affiliated with the U.S. bank and wouldn’t offer how it got its name, emphasizing it includes Shenzhen. It’s the first time she’s been asked the question, she said.
A filing with the Shenzhen government indicates the company has been operating since May 2013. The company uses the same Chinese characters, gao sheng, as the real Goldman Sachs, and its English font is evocative of the U.S. bank’s.
Connie Ling, a Hong Kong-based spokeswoman for Goldman Sachs, confirmed there are no ties between the U.S. investment bank and the Shenzhen company and said Goldman is looking into the matter.
It’s not the only bank facing brazen name-borrowing. In a more extreme example, a 39-year-old man in eastern China’s Shandong province was arrested earlier in August after setting up a fake branch of China Construction Bank, including card readers, teller counters and signs, according to the Xinhua news agency.
Shenzhen’s Goldman Sachs came to light through a letter sent by a U.S. casino workers union to Chinese officials. The International Union of Operating Engineers said it sent a letter to Wang Qishan, head of the Chinese Communist Party’s Central Commission for Discipline Inspection, which is spearheading the biggest anti-corruption crackdown in decades.
Money Laundering
The letter called on China’s government to investigate Goldman Sachs (Shenzhen), which it said is a financial services company linked to a group of gambling companies controlled by the family of Cheung Chi-tai. Prosecutors in at least two other court cases alleged he has ties to Chinese organized crime gangs, known as triads. Cheung is awaiting trial and his next court appearance is scheduled for September.
Cheung is a prominent figure in Macau junkets, which facilitate loans to Chinese high rollers in the only Chinese territory where gambling is legal. Casino revenue has fallenas China’s anti-corruption drive has affected junkets.
“Macau’s current gambling regulatory structure we believe is ill-equipped to monitor and adequately regulate a junket’s outside partnerships and financing arrangements,” Jeffrey Fiedler, the U.S. union representative, said in the Aug. 25 letter.
Possible Ties
The union has been trying to pressure Chinese and U.S. regulators to investigate Macau, where American casinos such as Las Vegas Sands Corp. have big operations, for possible ties to organized crime and money laundering.
Three phone calls to the office of the CCDI in Beijing went unanswered. An operator with CCDI’s hotline for public reporting said she’s not familiar with the case.
The company’s office is located in a relatively new gleaming high-rise office park along a tree-lined street on the western fringe of Shenzhen, a former fishing village turned global manufacturing powerhouse.
Gold Control
The union said the Shenzhen company is controlled by a Hong Kong-based gold trader unaffiliated with the investment bank. Its connection to Cheung is through relatives, the letter said. The Shenzhen Goldman Sachs’s website was inaccessible as of Wednesday, though it could be viewed in screen grabs captured by the union.
“There have been quite a few cases where Chinese individuals or organizations have registered in China the trademark of an existing and established overseas brand,” Paul Haswell, a Hong Kong-based partner at law firm Pinsent Masons, said in an e-mail.
If history is any guide, Goldman doesn’t have much chance of changing its Shenzhen doppelganger. Basketball legend Michael Jordan lost a case against a Chinese sportswear company that used the Chinese version of his name.
Apple Inc. paid $60 million to settle a trademark dispute with a Chinese company that had applied to block the sale of iPad computer tablets in 2012.
“It’s notoriously difficult for an overseas claimant to persuade the Chinese courts that there has been trademark infringement,” said Haswell. “There’s still a practice of whoever registers first wins.”
Heard of China’s Fake Rolexes? Now There’s a Fake Goldman Sachs
Domingo Halliburton
Handmade in USA
the hell was with that last hour of trading? 
This is why China is crumbling before our eyes... I've said it for a god damn decade since the days of the hamster running the SOHH server... Communist control stifles innovation. You can manufacture growth through slave labor manufacturing for so long (and build ghost towns... and prop up casino equity markets) until other third world countries that lagged behind start to catch up developing infrastructure and become the new go to spot for slave labor. Then, you have to innovate to survive as a top dog. They can't do it as it stands.
I also stand behind what I've said for a decade about there eventually being a revolution that overthrows the Communist party. Will it be violent? Will it be peaceful? I don't know.
I hope it's violent
ExodusNirvana
Change is inevitable...
The fukkery never ends over there. I feel for the people in the rural areas. They will feel it the most if that place ever goes to shyt.