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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
out at 910.50.. 7.5 up 8...watching
$ticks are at new highs today...with RSI being oversold looks like longs the way to go?
final filled at 903.75......this is quick...flat now
Originally posted by BruceM magic today..will try to hold for 906 as secondary target..

having to use 6 point stops due to extreme volitility!
Sold 1/2 @ +12 SL on rest at flat.....Sold calls +.70
this market can still hit 939-942 today. it could also tank to new lows! thats the risk today!
All i can say is i favor the bullish target,but 897-99 must hold!
I shouldn't have sold those calls, I only did it for the money...looking to buy some more on a pullback, or breakout.
Bought some Nov 92 calls @ 7.00, that was dumb I shouldn't have sold cost me 40 cent...
Long at 917 20 pt target with a 5 trail 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?"