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That's really fantastic! I wonder if option brokers are making them available on their platforms. I was surprised that OH doesn't have them yet.

I have a feeling this "death" cross will be short lived. It will cross backup once we're above 1150 on a sustained upward, shallow back filling moves. The bulls want the bears ass once the bear has finished shitting in his pants.

All liquid stocks should trade weekly options as well. Why would any one wanna trade a time frame higher than that. I hope they come out with dailies soon on the SPY too.

Congrats on a great call!! To be off by 1 point from a closing vix of 40'ish on Friday is a great feat in its own. I was one of the people that voted in the 22-27 range.

Very well. But how do you determine the valuations of every individual stock one day in advance? Is that based on fundamentals?

Hi, It's always refreshing to experiment and develop new ideas to accomplish such feat. I've been doing for 8 years myself. My question is, and without giving your algo away, if price projections aren't based on S/R, then what are you basing them on? Also, what is " price ought to" based on...

Great points IQuant. Also, ES offers weekly options, SPY doesn't.

After submitting the GreenTrader petition, this is what my rep emailed me yesterday. "Thank you for getting in touch with me about the Let Wall Street Pay for the Restoration of Main Street Act of 2009. This legislation would impose a 0.25 percent tax on the sale or purchase of financial...

Yes, Serials expire at 4:15 of that Friday afternoon unlike quarterlies which expire 9:30 Friday morning.

Short 97.5

I trade them every expiration which for me it's twice a month, not just once as they are my favorite weeks. It's not for the faint of heart though. Thus, your timing of the magnitude of volatility, and the direction of the underlying better be impeccable.

Out at 909 on all. This will be my last post for a while. Take care guys.

Adding 2 more positions here at 883.5 with a tight stop at 880.75 on the last two adds. Current position: Long 902.25 + Long 902.25 + Long 902.25 + Long 902.25 + Long 883.5 + Long 883.5.

Good post rtstrading. Btw, have you done any testing on past data regarding the accuracy and predictive power of this widely followed pattern? Thanks.

Out of my hedge 10% hedge here at 898.25

Stopped at 917 and 914.5 on the initial position. Reloading long bases here at 902.25 with 4 positions Current position: Long 902.25 + Long 902.25 + Long 902.25 + Long 902.25 + 10% short hedge from 898.25.

Filled. Current position: Long 924.25 + Long 922.5 + Long 918.5 + 10% short hedge from 898.25. Stops moved to 917 on the last 2 adds.

One final position will be added at 918.5 . If filled, stop will be at 917.75 on the last two adds.

Adding 922.5