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koolblue
Rep: 48,651
Posts: 16,032
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
KO
koolblue
Rep: 48,651
Posts: 16,032
out at 885.75..plus 10.75 massive for me! up 33.75
KO
koolblue
Rep: 48,651
Posts: 16,032
PS: there was no real reason for that incredible exit. Pure luck, the 5 min. boll avg is 882 and change, just had it in my head to front run it and got lucky!
KO
koolblue
Rep: 48,651
Posts: 16,032
selling one here
KO
koolblue
Rep: 48,651
Posts: 16,032
short one from the 5 min avg 898.00, 3 point stop
KO
koolblue
Rep: 48,651
Posts: 16,032
WELL THAT DIDNT LAST LONG. stopped for a 3 handle loss...watching
KO
koolblue
Rep: 48,651
Posts: 16,032
selling here 907.75
KO
koolblue
Rep: 48,651
Posts: 16,032
wow, didnt even get my stop in! FREAKED AND UN LOADED AT 910.75 for another 3 handle loss.
KO
koolblue
Rep: 48,651
Posts: 16,032
one last try, selling 912.00, 6 point stop
KO
koolblue
Rep: 48,651
Posts: 16,032
dead, i give up... for now... up 21.75..
KO
koolblue
Rep: 48,651
Posts: 16,032
buying one
BR
BruceM
Rep: 216,211
Posts: 19,895
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