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 3:48 PM
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long one from 942.00, 4 point stop riding it to 948
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  • CharterJoe
  • 16-Oct-2008 at 3:50 PM
  • Rep: 4,475
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wow look at it run, great call bruce...2pts from 950 amazing..did you make any off it?
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  • koolblue
  • 16-Oct-2008 at 3:50 PM
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covering
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  • BruceM
  • 16-Oct-2008 at 3:50 PM
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Thanks guys, I was watching that 12 - 18...I just took last off at 46.75......
quote:
Originally posted by CharterJoe

Bruce,

Nice call on 950 almost there.
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  • CharterJoe
  • 16-Oct-2008 at 3:50 PM
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Covered as well. +7 on that one
The BAV has been very unreliable recently because of the thin bid/ask on the ES which makes trades larger than 50 lots at a time difficult a lot of the time. That said, from the 50 and larger contract lots that have traded today, big $ has accumulated more than 92k contracts off of the low today.
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  • CharterJoe
  • 16-Oct-2008 at 3:51 PM
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I am going to try a sell real soon...
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  • koolblue
  • 16-Oct-2008 at 3:52 PM
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out 947.00, like taking candy from a baby... up 23 for the day and done! CYA TOMORROW IN THE AM
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  • BruceM
  • 16-Oct-2008 at 3:52 PM
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Not as much as I would have liked to Joe...It took me three tries before I caught a good trend on that......I'm just not used to the volatility and my runners got stopped twice before I caught that last move up
quote:
Originally posted by CharterJoe

wow look at it run, great call bruce...2pts from 950 amazing..did you make any off it?
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  • CharterJoe
  • 16-Oct-2008 at 3:53 PM
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Prestwickdrive,

I would try making it larger than 50 and see what that does the volume has been much greater, so its a given that the smart money moves the size up to capitalize on these amazing moves.
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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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