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Thanks Raystonn. Stephen Szpak

ktm ktm wrote: It just seems that a nuke would have been deployed elsewhere if it was that easy to do. Don't forget about biological. Also, I heard a couple years ago, that if a chemical plant in the U.S. was hit, there could be >30,000 casualties. Some of these plants are...

Old Trader wrote: The premise here by Stephan is that he is a day trader concerned with protecting himself in case of a very severe emergency. So to begin with there is no overnight risk. Given that Stephen is a daytrader he should be able to reach over and sell immediately to exit a...

ktm ktm wrote: There are some things that you just have to say are so devastating that when you wake up...if you wake up...that the last thing you would think to do is check your account balance. I totally understand where you're coming from here. Of course even a rumor can change...

TGregg you wrote: """"Quote from TGregg: OK, an ES September 1k put is .50x3 on IB right now. Are those pure dollars - ie can I buy the right to sell somebody one September ES for $1000 for a measly three bucks, or even $1.25 if I split the spread? Or is it "times 50", meaning it...

TGregg It has been a long time since I got into options. I sort of get what you're saying though. The trouble I see here is that once you exercise (if that is the word I want ) the option on the E-mini futures contract you still have to sell the contract, correct? I'm sure I've...

TGregg Quote from stephenszpak: . . .once I own the put, and the market crashes, let's say, and I desire to sell the put, someone HAS to buy it correct? -------------------------------------------------------------------------------- Theoretically, you could exercise it. But...

zf trader ES options do not trade very much but they are pretty easy to arb so if you split the spread you should get a fill. This is a little stupid, but, once I own the put, and the market crashes, let's say, and I desire to sell the put, someone HAS to buy it correct? I say this...

winter if you get a margin call the next day after the big event then you need to come up with the money right away, you can't tell your broker to sit tight and wait for the market to recover. I believe that is what the OP is asking for (crash protection) Yes, crash protection. Also...

riskarb One OEX put will adequately hedge one ES contract, provided you're satisfied with losing until you reach the strike[-]premium paid. The put would be for disaster protection only. Disaster meaning, a terrorist attack on Washington, to absoluety no phone service (wire or...

zf trader In my experience you are always better to hedge with what you are hedging. I mean that if you want to hedge ES use ES options. Otherwise your are really making another trade and are likely to end up with a Chinese hedge. Is there any reason why you do not want to use ES options...

riskarb Something lost in tranlation. All I got was: """One OEX put will adequately hedge one ES contract""" So what does one actually do when day trading? Buy a at-the-money (far out of the money) put at the beginning of the day to protect the long futures contract, then...

just21 Please comment more if you have time. ""What about ES options on futures on Globex?"" Stephen Szpak

ktm As you saying 5 puts per one long E-mini S&P 500 futures contract? At-the-money puts? Stephen Szpak

If a catagory 5 hurricane is 200 miles from your house and forecasted to come ashore on top of it, I doubt any insurance company will sell you homeowners insurance. The same with a price shock to the market. Once it occurs it's already too late to do anything. No body likes insurance but...

(Don't laugh. I don't know much about trading.) A number of years ago I came up with something I called a biased straddle. I displayed a profit/loss graph of 4 (or 5) calls to 1 put (one could go the other way round of course). It looks nice on paper. If the market went up slightly...

Have there ever been any threads about: Protecting a E-mini S&P 500 contract using OEX puts? Were assuming this would be protection against a significant and un- expected calamity. How far out of the money? How many points does the futures contract have to go down before one...

Steve Thanks. I guess I'll search. I alot of basic questions that have been asked before, I'm sure. Need someone to eventually take me by the hand. Not today though. stephen_szpak@hotmail.com

Steve Actually I asked 4 questions, but I'm sure you saw that. I appreciate the input. Do you have the time/desire to answer basic questions about trading the E-mini S&P 500 futures? I don't want to be bothersome. Regards, Stephen Szpak

steve46 I couldn't tell from the graph what I was looking at. Was it the E-mini S&P 500? So you shoot for 10 points a day ( up or down ) and then exit for the day? Or do you hope for 10 points but take as much as you can get before the trendline breaks? Do you actually get 10...