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 3:26 PM
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lol, great trading as usual, Joe.
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  • koolblue
  • 16-Oct-2008 at 3:27 PM
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im cancelling my sale ..getting late
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  • CharterJoe
  • 16-Oct-2008 at 3:29 PM
  • Rep: 4,475
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I would have liked to seen the market move up sooner than when it started I would have bought some puts on close. Might still do it though.
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  • CharterJoe
  • 16-Oct-2008 at 3:30 PM
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wow its really thrusting up...
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  • CharterJoe
  • 16-Oct-2008 at 3:31 PM
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I'll sell around 945-950, maybe.
80% rule triggered to VAH at 969-73 area.
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  • koolblue
  • 16-Oct-2008 at 3:36 PM
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Well, for my money ,i just dont trust these parabolic up moves. VERYtypical bear market behavior. itll be interesting to see the closing stats today.
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  • CharterJoe
  • 16-Oct-2008 at 3:41 PM
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LOL most traders don't like to short. I personally miss buying most of the time. As much as I love these moves, I miss the new highs...
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  • CharterJoe
  • 16-Oct-2008 at 3:46 PM
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Buying the highs 939, just like the good ole days...
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  • koolblue
  • 16-Oct-2008 at 3:47 PM
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you know the 89 period mov avg on the 60 min. chart comes in at 950! Your a freakin genius ,Bruce!
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  • BruceM
  • 16-Oct-2008 at 8:44 PM
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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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