Don’t forget that December 21st is the end of the Mayan calendar and if you’re preoccupied with the apocalypse, light a candle for John Cusack.
In the US, underground shelters and handguns are all the rage as solar disruption should be arriving by Wednesday. In Europe taxi service will be available from a plateau in Bugarach, France. And in China 3 days of darkness is predicted; citizen believers are scrambling for smart-phone batteries and anonymous Sina Weibo accounts.
Consensus is hard to find between continents but among traders, one particular options trade stands out, The Iron Condor.
Regular readers know I hate to trade on Monday’s, but today the bias (atleast mine) is for an upside move. I think we’re going to take a short break from the selling, step back and listen to what European politicians try to sell us, and start looking at the advantages of oil pulling back. My short term assumptions this morning are: