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
CH
CharterJoe
Rep: 4,475
Posts: 2,352
I would have liked to seen the market move up sooner than when it started I would have bought some puts on close. Might still do it though.
KO
koolblue
Rep: 48,651
Posts: 16,032
Well, for my money ,i just dont trust these parabolic up moves. VERYtypical bear market behavior. itll be interesting to see the closing stats today.
CH
CharterJoe
Rep: 4,475
Posts: 2,352
LOL most traders don't like to short. I personally miss buying most of the time. As much as I love these moves, I miss the new highs...
KO
koolblue
Rep: 48,651
Posts: 16,032
you know the 89 period mov avg on the 60 min. chart comes in at 950! Your a freakin genius ,Bruce!
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