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 9:50 AM
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order to buy one at 913.50...
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  • CharterJoe
  • 16-Oct-2008 at 9:50 AM
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The best thing for me is to add to losers to avg down and take 1/2 off the winners and let them ride. Funny thats the exact opposite of what the "pros" say.
Philly Fed at top of hour
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  • CharterJoe
  • 16-Oct-2008 at 9:51 AM
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30 min is looking good for longs. We need to hold this 920 area until at least 10:00
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  • johnh
  • 16-Oct-2008 at 9:53 AM
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too volatile got taken out at 923
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  • koolblue
  • 16-Oct-2008 at 9:53 AM
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i keep getting 914 and 909 and honestly im not sure which! So ill err on the side of caution here
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  • CharterJoe
  • 16-Oct-2008 at 9:56 AM
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Sold options for .40, something says is time to sell those...Raised stop on those longs to, never mind out of those longs at open price +7on those...
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  • koolblue
  • 16-Oct-2008 at 9:56 AM
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Note ing how its hung up (for now) at the open plus 12
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  • CharterJoe
  • 16-Oct-2008 at 9:58 AM
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I am going to try a short here at 916, short quite a few. 30 min can't get up for nothing, it had its chance.
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  • koolblue
  • 16-Oct-2008 at 9:58 AM
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bouncing off my first objective , but im waiting for the next one
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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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