ES 10-16-08

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

$TICK falling at a sq nine w/ oversold 1 min RSI

And my $ticks indicator is overbought, was +700 @ the high +500 is knocking on overbought

COVERED 912.00.. too skittish i guess, up 1.25, still selling 919-920

that 12 - 18 still showing interest...seems like it wants to run up to new rth highs......

with oil down $4 i am not sure we can rally hard from here as u know oil stock wont participate in rally...

Limit hit +6 on that one

up only 7.5 so im pretty much giving the boyz a lot in commissions for little gain...so far

that was close! selling 920 or so, buying 907 if we tank quickly

selling now1`

short one from 923.50, 4 point stop

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