Ye, it was something else, surreal. I too was trading OEX options then, one of the popular vehicles along with the XMI. The next day Tuesday, Oct 20, firms raised their requirements, with vol soaring I wanted to short some OEX puts. Well, with the sky high requirements I only sold a few OTM naked puts for some ridiculous premium...I'm almost couldnt lose on them if you know what I mean...easiest trade ever, but stress filled as well. All got squeeze, MM firms, brokers, institutional, and retail customers, which provided this amazing option setup...I've always ready for this again, but unlikely but once or twice in ones lifetime. BTW, the previous Friday, the 16th, there was a big selloff into expo, and many retail customers got exercised on puts that closed quite a bit out of the money. They never expected it and got hosed on the crash...history for sure. Watching WSW was one of my favorite weekly events, loved Zweig.
Edited by tommyt, 19 October 2016 - 10:10 PM.