ES 10-16-08


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  • koolblue
  • 16-Oct-2008 at 9:27 AM
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wow, a crazy globex session basically coming out flat. Volitility is very high, so entries and exits have to be quick! looking to buy near the open
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  • koolblue
  • 16-Oct-2008 at 9:38 AM
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out at 910.50.. 7.5 ..now up 8...watching
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  • CharterJoe
  • 16-Oct-2008 at 9:38 AM
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$ticks are at new highs today...with RSI being oversold looks like longs the way to go?
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  • BruceM
  • 16-Oct-2008 at 9:40 AM
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final filled at 903.75......this is quick...flat now
quote:
Originally posted by BruceM

wow..like magic today..will try to hold for 906 as secondary target..
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  • koolblue
  • 16-Oct-2008 at 9:40 AM
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having to use 6 point stops due to extreme volitility!
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  • CharterJoe
  • 16-Oct-2008 at 9:42 AM
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Sold 1/2 @ +12 SL on rest at flat.....Sold calls +.70
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  • koolblue
  • 16-Oct-2008 at 9:43 AM
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this market can still hit 939-942 today. it could also tank to new lows! thats the risk today!
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  • koolblue
  • 16-Oct-2008 at 9:45 AM
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All i can say is i favor the bullish target,but 897-99 must hold!
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  • CharterJoe
  • 16-Oct-2008 at 9:46 AM
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I shouldn't have sold those calls, I only did it for the money...looking to buy some more on a pullback, or breakout.
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  • CharterJoe
  • 16-Oct-2008 at 9:47 AM
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Bought some Nov 92 calls @ 7.00, that was dumb I shouldn't have sold cost me 40 cent...
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  • johnh
  • 16-Oct-2008 at 9:48 AM
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Long at 917 20 pt target with a 5 trail stop
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  • BruceM
  • 16-Oct-2008 at 8:44 PM
  • Rep: 216k
  • Posts: 19.9k
a friend sent me this tonight so I thought I'd ask you folks:

"These are for the November options.
Do you have a clue what the catch is?

Sell 94.00 puts 94.00 SWGWP make +$9.48
Short the SPY at $94
Buy 94 calls 94.00 SWGKP pay -$4.73
Net profit $9.48- $4.73= $4.75
This looks like a risk free trade to me.

What's the catch?"

Thanks

Bruce
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