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If you want to play a direction, you could go long the $155 call at $12.50, implying a $6.50 move. On the put side, you can go long the $170 put for $14.10, implying a $5.15 move to the downside.

A 160 May straddle (both a 160 Call and 160 Put) would cost you about $18, implying a $17-$18 move in the stock from 160, which is about a 11.3% move. Only do this if you think AAPL will move more than 11.3%. At that point, you're really only B/E if holding till expiration. Heres a less...

For the past few Sundays, all of my overnight electronic Wheat trades have been all successful, no losers, 24 winners, and 3 break-evens. It is very technical-based and it seems just screwing with the bids/asks makes the computer algos take your trades. I mainly scalp, and have found that $37.50...

Thanks for your help all. Covered 2 QM at 116.650 for nice .30 profit.

I'm going to try and play the OIH as a neutral-movement trade. I'm mostly thinking OIH is going to trade to the downside in the next few weeks but if it continues higher, I'll be protected with this reverse credit butterfly. OIH at 208.80 Short 190 OIH May Call Long 200 OIH May Call...

DIA IC was closed with full profit. I would roll the MSFT to May, but the trade would only product a 55 cent credit. Not the best IMO. Closed the MSFT April on Wednesday for a small loss. Almost got killed on the GOOG iron condor, but I'm keeping it because I don't think it'll reach $610...

Haha, we'll see.

I guess I just got caught up in the price action. Either way, I'm trading the financially-settled product so I won't have to worry about physical settlement. I just wanted to make sure I can try and close out of these tonight at the evening open. Thanks.

Confusing on the NYMEX website for the CL/QM expiration. I understand the CL contract is physically settled and QM is financially settled. I am short 2 QM from 116.950 from Friday (sold the high) and it settled down at 116.700. Was Friday the last trading day or is Monday the last? It says...

Short 2 ES over the weekend at 1390.75 executed into the close. I'm pretty sure this rally won't hold. Everyone calling the bottom, saying everything's fine, when really we're doing horrible. Too much pessimism turned optimism now.

Chart of ES (front month contract roll). Can't seem to weed out overnight Globex so the quad top isn't perfect.

They use computer algorithims to adjust the bid/ask. They follow market movement and trade against humans. Rarely do they actually manually post bids/asks unless its a low volume, high b/a spread stock. Even options aren't manually made into a market (except SPX), I was down at the CBOE last...

Other than the Nasdaq, not affecting futures that much.

I finally like seeing that the futures are pointing down this morning. Didn't see all the headlines, but saw Merrill lost $2.20 per share versus expectations of losing $1.99 per share, and the stock is still called higher this morning.

JPM earnings were this morning. We have MER, COF, KEY, ETFC, GOOG coming out tomorrow. Times aren't listed on earnings.com, but I think all are coming out before the market open, except GOOG.

This is what I have. On the cash indexes you can see it a little better (because of overnight ES trading), but here it is on the ES (1390-1395 resistance).

What resistance are you using? Isn't it up at 1390 on the S&P (cash) and 12850 on the INDU? We completed a triple top that the market (today at least) is trying to roar on back to.

I'll take all the other sides of your trades. Alright?

Fed probably won't cut at the April 29/30, market drops 400.

People were saying the exact same things just 4-5 months ago, saying we're at a bottom (@ 13k Dow) and we're going back up to 14,000. With the cost of this housing bubble, why would a bottom be made just from the highs at 14,000 only 5 months later? Homes are still down >10% yearly, REAL...