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I like how Cramer completely ignored the dollar there.

I like how you completely ignored talking about gap risk on SPY options given an environment where ES truly trades 24/5 with significant moves happening in all sessions now. You're not even talking about ES vs SPY anyway you're talking about futures vs options. The ideal is the market that...

Also an advanced level darkroom printer and developer here. I can do all self processing from straight black and white to color c-41 and e-6 slide in all formats from 35mm to medium format to 4x5/8x10 and then print those to silver halide paper with no computer involved (with the exception of...

The foreign currency is not weird at all - that's your true P/L. In fact it's not even USD until you convert it to USD. You can go months trading in another currency before you even realize it in USD and in that time said currency's relationship to USD most likely will change. So by showing it...

I'd be interested in what kind of commission schedule and platform you end up working out with either of those two. I've always heard RJO was high commissions.

It's simple: the max uncle point is the point where the trade is invalid/wrong and that's where your actual hard stop is. Where it retraces enough that the level you entered around is not going to hold - that goes for a level price is moving away from or a level that its just about to break...

Q3D: Your problem is you still haven't figured out what the markets are about and how they actually work. You're approaching it in a "the markets should work for me and my ideas, damnit!" fashion rather than "I will trade what the market is actually telling me and I will take note of where...

Some selected ST gems: Typical retail post-2009 bulls. Then you have this guy who keeps shorting all the way up whilst "hedging" via long DOW futures (I hope this isn't one of you guys): So there you have it folks - the game is about being right. :rolleyes:

Closed out a bunch of $JO Oct 20 and 21 calls for a nice chunk of change. Still holding long KCZ15 (from 1.18) and RCX15 (from 1561, technical trade which worked out well), and a shit ton of $JO March calls 20-28 (financed by selling 19/20 strike puts). KCK16-KCH16 is going against me about 30...

MEP: So when you see that situation happening, why not exploit it and go long? Then get on the short bus when it starts peaking out. Man, I'm glad I don't fuck with equities anymore.

Yep... and you never know if a certain market maker like let's say... Timber Hill, will be ready to give you that bad fill as well. If there's any doubt on things - close it.

Plus option "pinning" as well. I'd be surprised if the market makes any strong move up or down from here. I did some early London short scalps on ES and SPI last night and did nothing today. Have a short DX position which is up about 1.2k, some 6E Dec 1.17 calls up 350 or so, and a bunch of...

Keep your eyes on the dollar folks.

Yep. Just 4 contracts, nothing insane.

This is a sign that said positions are too large. If you need to lever/juice things up this much just to make a reasonable return then you're carrying serious risk vs reward. Ask yourself: what's worse when the trade goes against you when selling 4 ATM options vs selling 40 OTM options? Gamma...

Forgot to mention: sold SPY Nov 200 calls @ 4.41 earlier today when it was near 200... will delta hedge if it starts going berzerker again.

I think we'll see some pullback from here.

The good news: My Oct 09 ES 2000 calls went ITM with less than 1 day to expiration. The bad news: I sold them too early for only about a 100$ gain.