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
The best thing for me is to add to losers to avg down and take 1/2 off the winners and let them ride. Funny thats the exact opposite of what the "pros" say.
CH
CharterJoe
Rep: 4,475
Posts: 2,352
30 min is looking good for longs. We need to hold this 920 area until at least 10:00
KO
koolblue
Rep: 48,651
Posts: 16,032
i keep getting 914 and 909 and honestly im not sure which! So ill err on the side of caution here
CH
CharterJoe
Rep: 4,475
Posts: 2,352
Sold options for .40, something says is time to sell those...Raised stop on those longs to, never mind out of those longs at open price +7on those...
CH
CharterJoe
Rep: 4,475
Posts: 2,352
I am going to try a short here at 916, short quite a few. 30 min can't get up for nothing, it had its chance.
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