Enigmatic Magic Display Featuring White Wands Magic has always captivated the human mind, inviting us into a world of intrigue and wonder. One particular form of magic that has mystified audiences for centuries is the display featuring white wands. These elegant and enigmatic objects hold a special place in the realm of magic, symbolizing the power and mystery inherent in the art. The white wand, with its slender and polished appearance, evokes a sense of elegance and sophistication. Its gleaming surface reflects light, capturing and mesmerizing the eyes of onlookers. Combine this visual appeal with the anticipation of what is to come, and the stage is set for a thrilling magical experience.
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Only Magic Cars as seen on TV are the official cars for kids that come with free lifetime support as well as 100 parts availability so your new car or truck will literally last forever. Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, said the investor had been poised to lose 20 million to 30 million on the December leg of this trade before Friday, but was able to escape with a loss of less than 2 million in closing up those positions.
Combine this visual appeal with the anticipation of what is to come, and the stage is set for a thrilling magical experience. In the hands of a skilled magician, the white wand becomes an instrument of enchantment. It can seemingly defy the laws of physics, bending and transforming at the will of the performer.
VIX Elephant Poised to Lose $20 Million Escapes With $2 Million Loss
The VIX, a measure of S&P volatility usually drops when the market rises. Yesterday, despite a huge rally on news that the Senate had reached agreement on a tax bill, the VIX spiked.
Today, equities are down sharply and the VIX up sharply on news former national security adviser Michael Flynn would implicate members of President Donald Trump’s transition team in the probe into Russian meddling in the 2016 election.
This two-day move enabled the “50 Cent Elephant” to escape an enormous VIX bet with minimal losses.
A trader who’s known as the Elephant for making big moves in the VIX — but who’s been surprisingly quiet in recent weeks — returned with a vengeance to start December, buying and selling more than 2 million contracts Friday to continue betting on a modest rise in the Cboe Volatility Index.
That’s three times the average daily volume for all VIX options.It’s also a good day for “50 Cent” — the options buyer who’s been saddled with the same nickname as rapper Curtis Jackson III for buying options at or close to 50 cents.
Early on Friday morning, 50,000 January VIX call options with a strike price of 21 were purchased at 49 cents apiece before the Flynn tumult began.
Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, said the investor had been poised to lose $20 million to $30 million on the December leg of this trade before Friday, but was able to escape with a loss of less than $2 million in closing up those positions.
“They got really lucky with the selloff today,” Chintawongvanich said. “They were down a lot on the December position, and this allows them to get out of it without too much of a loss.”
The mystery trader also initiated positions in January VIX options to roll over this trade, selling 262,500 puts with a strike price of 12 and 525,000 calls with a strike price of 25, while purchasing 262,500 calls with a strike price of 15.
Mystery Trader
On August 8, I commented on a December VIX options bet by billionaire bond guru Jeffery Gundlach in Is Gundlach Really Bearish? (Here’s a Hint: No) .
“I think going long the VIX is really sort of free money at a 9.80 VIX level today,” Gundlach said. “I believe the market will drop 3 percent at a minimum sometime between now and December. And when it does I don’t think the VIX will be at 10.”
“I’ll be disappointed if we don’t make 400 percent,” said Gundlach.
I do not know if this is the same person or not, but Gundlach isn’t really bearish.
Gundlach commented that If stocks fall (they didn’t), “It will be contained and you can buy it.”
I commented, “Wow, talk about embracing the bubble.”
Mike “Mish” Shedlock
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It becomes an extension of the magician's imagination, a tool through which they can create a world of impossibilities. The magic display featuring white wands often revolves around the concept of transformation. The wand, once a simple object, becomes imbued with powers beyond comprehension. It can change objects, manipulate space and time, or even teleport from one place to another. The white wand becomes a catalyst for miracles, leaving the audience in awe of what they have just witnessed. Moreover, the choice of white as the color for these wands adds to their mystique. White is often associated with purity, innocence, and spirituality. In the context of magic, it signifies the untainted and untamed force of the supernatural. The white wand becomes the conduit through which this supernatural energy flows, connecting the audience to the ethereal world of magic. Beyond the visual spectacle, the display featuring white wands also has a deeper significance. It symbolizes the power of belief and the suspension of disbelief. The audience willingly sets aside their skepticism and allows themselves to be transported into a realm where the impossible becomes possible. Through the white wand, the magician invites us to explore our own sense of wonder and embrace the magic in our lives. In conclusion, the enigmatic magic display featuring white wands is a captivating and transformative experience. With their elegant appearance and symbolic significance, these wands hold the power to transport us to a world of enchantment. They remind us of the beauty and mystery that can be found in magic, inviting us to embrace the extraordinary in our lives. So, the next time you see a magician wielding a white wand, prepare to be spellbound and let yourself believe in the impossible..
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