I called the pin yesterday and it landed inside three points. I also told you to buy volatility, and that leg lost 349 points. And this morning Brent is 107.85 and the Nikkei is down three percent.

THE RECEIPT, BOTH HALVES. I said we would open below 75,000, that it was max pain and the strike traders would try to reclaim, and that the magnet should hold it. We opened 74,742.54, the high was 74,910.96 so it came 89 points short and never reclaimed it, and it settled 74,902.59 while the final max pain on the settlement file was 74,900. Two point five nine points, the closest pin this show has put on record. Now the half that lost: the 74,800 straddle cost 452.35 the night before, the day's range was 312 points, and at settlement it was worth 102.59. A long straddle held to the close lost 349.76. Being right about where it settles and wrong a ...