Dynamics of dramatically rising interest rates
--Bonds continue declines sending rates flying
--In percentage terms just how far has the 10 year rate gone YTD?
--the critical juncture; movement in bonds can cause this...
The Great Gamma Unwind
--a little Dodd Frank with a side order of Volcker Rule
--bona fide hedger!
--market neutral- you trade with the dynamics of the market
SPX Expected Move
--last week EM--57.45 (4 day trading week)
--next week-- 74.11 expected move