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It has been reported as 'breaking news' that a bailout deal has been reached. Let the markets celebrate, wait for SPX to get above 1275 and look to sell OCT or NOV SPX or SPY calls; I would look for strikes from 1375 and above

The survivors: JP Morgan Citicorp Goldman Bank of America

I see - buy the book to get the code for a function.

JUST TO ADD: Shorts - be extra careful now because the markets can reverse and rally 50 SPX points as soon as a bailout is announced. BE very careful holding short positions in equities, indices etc .

The inconsistency is most revealing: every flipping trade is risky, you have to manage every trade, you can lose in every trade, whether you buy or sell options, futures or stocks. Currently, I hold XLF calls, short S&P futures, sold 40 OCT SPX 1000 puts, bot 30 SPX OCT 1050 puts, and...

I am using Multicharts which does not have the TripleAverage function. Please post the code for this function. Thanks

There are currently no active proposals to restrict option trading. IB did briefly create a restriction on strategies that would have resulted in synthetic short positions - the sale of deep ITM naked calls or the unhedged purchase of deep ITM puts, but they removed it after the MM hedge...

ES mini moves by 0.25 and point value is $50 FIVE-lot ES mini is equivalent to one S&P Are asking why and how they arrived at these values?

I assume support/resistance and trendlines would be derived from an algorithm(s) so that you can backtest trading systems with entries and exits based on support/resistance.

Good point. For most of the day, puts were down EVEN AS THE MARKET MOVED LOWER AND LOWER. This was a good time to buy puts. SPX 1150 to 1000 puts were lower even when SPX was down by over 15 points! However, the markets broke down as the afternoon wore on and put and call premiums increased.

You should try to avoid stops based on raw $ stops, i.e. 'quantity of $$' above short position or below long position entry price. One popular paramter is ATR - average true range, in case anyone may not know, is the difference between (max of this bar and previous bar close) and (min of...

With USO soaring, now past 88, I will close the calls. See if I can get 14 on the OCT 75 and 11.50 on the OCT 78

Not paper. Real. Stay tuned. Those SPX puts look good ..want to buy some And sell those fat USO 75 and 78 calls I bot when USOwas swooning...

I trade S&P but sometimes I trade the e-minis. In such a case, I would do 20 to 30 ES trades per day, 10-lot trades, scaling in and out. With S&P - about 10 to 12 per day, 3-lot trades NQ: hardly, I focus on ES or SP but if the NQ trend is stronger than ES then I trade NQ, 10-lot trades

Show us the evidence of such. All these put holders - who were gleeful on Thursday at SPX 1130, were left stranded with worthless puts. When did they buy the underlyings and when did they buy the puts? And at the close with SPX 1250, did their longs do better? Did they buy more puts to...

Melodramatic? Maybe. But this ban on short selling is the beginning of the end of the Financial Markets. How can you have a Market if you ban short selling? Anyone believes the markets will jump for joy and go up in a straight line and we attain a state of Nirvana? No. This...

One of my best weeks - over $120,000 profit at close of trading Thursday; day still has some time to go until close but I estimate another $40K today. I trade S&P & e-mini futures, and options.

-------------------------------------------------------------------------------- Quote from Jahajee: Quote from Jahajee: SEP 16th 2008: Closed overnight SPU8 short position - sold @ 1209 and bot @ 1188 - Profit 21 points SOLD 20 OCT SPX 1000 PUTS @ 4.45 Total position: SOLD 40...

We are almost there but look for a swift retreat....

From extreme bearishness to extreme bullishness - madness compounded by options expiration.