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Closed short SPU8 position - sold @ 1237, bot @ 1229.2 Will consider new SPU8 positions after Unemployment report Will also look to buy OCT SPX calls

chart attached

See attached chart for SPU8 trading today. Short 3 SPU8 Unchanged options positions.

Maybe I am a bit too early but it appears as if wheat may be bottoming at these levels, comments?

If you are comfortable with Options trading sell puts or buy calls or trade vertical spreads on USO.

Sell 50 SPTUJ @1.25 (September SPX 1150 puts) Sell Stop SPU8 @1200 Will consider any of the the following, depending on market conditions: - adjust sell stop SPU8 higher depending on possible rate of decline of SPX. - sell more SPX naked puts if market goes above 1300 - sell SPX 1125...

Don't go there, please! I trade SP and ES futires and have looked at this --- better trade the underlying futures (Sp, ND and mini), or options on the ETFs.

This is a great thread. Do we have anything else to add?

Quote from Jahajee: Sell 50 SPTUJ @1.25 (September SPX 1150 puts) Sell Stop SPU8 @1200 Will consider any of the the following, depending on market conditions: - adjust sell stop SPU8 higher depending on possible rate of decline of SPX. - sell more SPX naked puts if market goes above...

Quote from Jahajee: Sell 50 SPTUJ @1.25 (September SPX 1150 puts) Sell Stop SPU8 @1200 Will consider any of the the following, depending on market conditions: - adjust sell stop SPU8 higher depending on possible rate of decline of SPX. - sell more SPX naked puts if market goes above...

I was asked about my overbot indicator on the S&P 5-minute chart - see atatched chart; usually good for a 4- to 5-point move in S&P futures. Green is a possible buy point, red is a possible sell point; these are minor variations of the normal indicators.

Quote from Jahajee: Sell 50 SPTUJ @1.25 (September SPX 1150 puts) Sell Stop SPU8 @1200 Will consider any of the the following, depending on market conditions: - adjust sell stop SPU8 higher depending on possible rate of decline of SPX. - sell more SPX naked puts if market goes above...

Rule #1 in Trading: Pay attention, especially to STOP prices. Not 1250. But, we shall see. I aim to make money and entertain you at the same time. Be good to yourself, chill.

You're just too kind. Thank you.

Be patient my friend. You're getting way too excited, after a mere 20 points SPX decline. As per my post on the opening trade, I am also looking at selling more puts. Remember this one word: Probabilities.

Looking to sell CALLS in the strike zone of 1380 to 1420 (SPX).

SELLERS VS BUYERS: WHO WINS? A STUDY OF CME OPTIONS EXPIRATION PATTERNS http://app.topica.com/banners/forms/900067555/900031476/SELLERSVSBUYERSWHOWINS.doc BY JOHN F. SUMMA, PRESIDENT OPTIONSNERD.COM November 26, 2002 Introduction Option traders...

You points taken - sure it's a market. But, ultimately, option sellers generate more profits than option buyers.

Please tell us how you made the ton of money thanks

Because: - the markets moved up nicely yesterday and today but I am not buying this up move as anything major or of any permanence, as yet; of course I would like SPX to zoom to 1350 or higher with VIX swooning to 15, and then I may consider buying back the puts and selling some 1450 calls...