The Decision

• Posted by Adam Warner
• on July 12th, 2010

Well, it’s official, Paul the Octopus has decided to cash in his fame. In an interview with Jim Gray last night on ESPN, here’s what he had to say.

“I’m going to take my talent to South Beath, the Miami Seaquarium”.

Yes folks, in a deal apparently sealed in Beijing in 2008, Paul plans to join his BFF’s Larry the Squid and Mike the Manatee down in South Florida. Pat Riley has even announced he will come out of retirement to take credit for any picks they make.

Believe it or not, Paul has a VIX opinion, he predicts that Bloomberg is going to notice the Ginormous VIX futures premium out to October and November ($8) and write an article about how the VIX has only seen these kinds of premiums once before and that was in ’08 and the market imploded.

Actually I believe these premiums now are even higher…and would add there’s just as much chance they’re way too fearful as there is that futures are predicting some sort of dystopian Fall.

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