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It's very volatile one. I think you will be ok here. If it's close between 787 and 790 before Friday, I would consider closing the Call. But for now you still have a good cushion. I hope this helps. Good luck

RUT is a wild cat. I am out of my position I had 15 780/790/720/710 condor for 1.65. I willl let the Bull PUT expire worthless. I get out of 780/790 for 1.45 So I will make 0.20*15=$300 on the condor Hedges: Bought 1 RUT 770@4.50. Sold back at 6.40 Gain $190 I also had 8 IWM77...

I absolutely need a nothing or down day with my holdings 15 OEX 595/605 15 OEX 600/605 25 OEX 605/610 25 OEX 575/570 15 RUT 780/790 15 RUT 720/710 13 SPX 1340/1350 Hedges: 1 RUT 770 call 8 IWM 77 call 5 OEX 595 call With 2 days to go, I wouldn't...

I am not in any May yet because I am still nursing some of my April OEX 595 RUT 780 Let's Pray

I calculated that Fibonacci values just after the top 1294.90 was established So I took SPX(1245.74,1294.90). If I selected SPX(1253.61, 1297.57) later, the result would have not changed. the 1.382 value would have been 1314.66( more precision for reversal) This is to tell you that SPX...

Coach, I don't use it after the fact. I calculated the last SPX(1246,1295) since last January 13th. and since I use the 1.382 as my down or up target for Strike. It was based on this value I selected March 1340/1350. I already mentioned weeks ago that if the market close above 1315, I...

Does anybody trade on Fibonacci? I use it and it works well. I believe SPX and OEX trade in accord with its Fibonacci numbers. Did you look at SPX(1246,1295) Fibonacci 1.382=1313.718 OEX(569,589) Fibonacci 1.382=596.64. Guess what were the last swing highs on SPX and OEX: 1314.07...

Let me answer better: OEX gives a general indication of the overall market condition. It's pretty balanced with 100 stocks and it doesn't move too fast. I like it for Spread trading or hedging. The big Money managers use OEX to hedge their port folio. RUT: I want to explore the Small Cap...

They all have there trading characteristic. OEX is the one I like the most so far. I was ready to short RUT and NDX this morning but the MM didn't bite. The only reason I kept my RUT is because it's way overbought and was ready to turn down anyway. This is how I make money in OEX...

Thanks Coach for entering your Bull Put. This drop puts me in a very good position right now. 25 OEX 605/610 @0.60 15 OEX 600/605 @1.35 13 SPX 1340/1350 @0.90 15 RUT 780/790 15 RUT 720/710 Hedges 5OEX 595 call (5) 1 RUT 770 Call (1) I have 5 OEX 595 protecting both 605/610...

yOU GUYS ARE FUNNY. WHEN THE MARKET IS GOING UP, NOBODY POSTS ANYTHING. wHEN IT'S GOING DOWN, YOU HAVE SO MANY TO READ, YOU DON'T HAVE THE TIME OR YOU GET LOST. CHEER UP.

I told you to not panic. That's the nature of the market. Today was a big reversal day. Going up big and close down big. I like it. I believe it will continue tomorrow and maybe I will start putting some bull put or Condor. I already have 3 major Call Spreads.

Non, Mais je viens du Canada (Ottawa). Je parle beaucoup (sauf a la maison) mais c'est ma langue maternelle. Je le parle tres courammment but I tend to mix it with English nowadays

I can't believe you stayed until 4PM. I had OEX 595/600; The market was going up and I didn't want to take chance. When OEX reached 594, I decided to get out. I fact I had 24 570/565 @ 0.45 and 12 595/600 @0.85 The PUT goes worthless and I closed the call for 0.55. So I get a total of...

How can she speak haitian?

Comment est ton Francais. Depuis quand tu le parles?

My strategy doesn't allow me to hedge My Bear Call when market is or about to be overbought. It doesn't make sense. That's why I am hanging in there. I will wait for some pull back, Have a Bull put and buy some SPY to hedge this 1340. But doing it right now, at the top is ridiculous. Trading is...

The best way to remain sane is to calm down. There is nothing wrong with your 1345 Short. At the time you placed it, you didn't expect the market would run like crazy. That's the nature of trading: You win , You lose, You make mistake, You cry victory. The market has to go up and down. Don't...

I do have the 132 not 133 it's like 13 points away.

Coach, What happened to your XSP133 that you bought for hedging. I still have some 132 but there is no trading on it at all I am trying to get at least 0.05 cents. I bought it for 0.20 to protect my 1330/1340; I already closed the 1330/1340 for 0.05 Should i wait and see? It's like 14...