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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
selling the avg. this time!
indexes are forming doji days...could be big move tomorrow
short 2 this time, from 899 lowering stop to break even (899)
ill give it 5 min to break 890 or i get out
stopped ... looking to sell again around 909.50
Short term mini peak possible around 2:44
ohhh, stop run on the downside... so they can run it up?... watching ...previous order cancelled
selling one here
im short from 913.25, and ill sell one more at 919.75
Short @ 916.25

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?"