KO
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
CU
culsu
Rep: 50
Posts: 48
I'd say it's a bull flag running into yesterday's low with breakout resistance around the trend line at 920.
Yahoo!
Yahoo!
KO
koolblue
Rep: 48,651
Posts: 16,032
out at 895.50... just plain spooked. plus 7.50 ..now up 16.50. Im not ashamed to admit i have no freakin idea how this plays out but im leaning to the bearish camp
KO
koolblue
Rep: 48,651
Posts: 16,032
long again on the break out at 903... long one at 903.75, stop at 900
CH
CharterJoe
Rep: 4,475
Posts: 2,352
I am long 904 off that MA 89 on the 1 min and 901 is sq nine. Just got back from lunch...
KO
koolblue
Rep: 48,651
Posts: 16,032
finally, raising my stop to just below the 5 min avg(currently 902) to 901.00
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
"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