ES Journal - 2017/2018

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So buy the 2380/2640 outside strangle for what exp? Guess? SPX hits 2640 and you buy ITM puts.

Jan17 strangle is $44 (no quotes on my phone). Worth $73 tomorrow at vola-400bp and ATM at 2640. 65% and you golfing for four years?

Make a note: When S&P 500 hits 3 standard deviation on weekly or monthly, you buy puts for your "tail risk protection". You buy OTM calls for your sweet spot.

And yes, golfing is a refreshing sport after hedging your ar$se while you are making some $ on the upside.

Last check: S&P up +130 @ 2470. Another day like this and my 2640´s are ITM.

Jesus, what a ride! LMAO!

Gotta run. Ladies are waiting.
 
Make a note: When S&P 500 hits 3 standard deviation on weekly or monthly, you buy puts for your "tail risk protection". You buy OTM calls for your sweet spot.

And yes, golfing is a refreshing sport after hedging your ar$se while you are making some $ on the upside.

Last check: S&P up +130 @ 2470. Another day like this and my 2640´s are ITM.

Jesus, what a ride! LMAO!

Gotta run. Ladies are waiting.
How would another 130 put 2640's ITM. Did you mean something different?
 
Looks like my 2434 number may try to establish itself as a new very short term floor. I'll assume that it is until shown otherwise. It will be very interesting to see what happens at the infamous 2530 area with the attack from below that is occurring now (currently 2470).
 
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Make a note: When S&P 500 hits 3 standard deviation on weekly or monthly, you buy puts for your "tail risk protection". You buy OTM calls for your sweet spot.

And yes, golfing is a refreshing sport after hedging your ar$se while you are making some $ on the upside.

Last check: S&P up +130 @ 2470. Another day like this and my 2640´s are ITM.

Jesus, what a ride! LMAO!

Gotta run. Ladies are waiting.



Hey Bro.

That 2380/2640 strangle for Jan? It lost almost half its value today. Went from 44 to mid 20s.
 
This Swing trade position is predicated strictly on technical bounce off of Monthly TL, Measured move from previous existing range 2820- 2600 & Fib Confluence zone off swing Hi/ All time Hi print.

Bingo! Congrats to all of you whom actually caught this incredible move!

I find tremendous value in larger TF`s trendlines!
 
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