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
KO
koolblue
Rep: 48,651
Posts: 16,032
HAD to wait for it to break the previous flag line so it woulnt be a 'reverse' kiss of death(for the bears) at around 896.50
CU
culsu
Rep: 50
Posts: 48
kool/Joe/Bruce - I see the three of you as that small group of kids you always see surfing the hurricane off the coast of South Carolina. I applaud you all... from the beach.
BE
Benny
Rep: 100
Posts: 136
personally trying to get on a long I think they can push it either way as thin as it is but it would be in THEIR best interest to melt it higher
MY
myptofvu
Rep: 2,018
Posts: 666
Sorry Kool didnt see your question till now been on the phone, currently Im bullish
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