ES Journal - 2021/2022

[Buy1Sell2]

Long 3949.25 Initial stop 3938.00

I'll raise my overnight reevaluation point to 3942.50. Pricing is currently 3952.25

Limit sell order entered for 3962.00

Housekeeping ---loss of 8 pts.

 

[Buy1Sell2]

 

[Overnight]

And +1 MES at 3928.50

So +1 MES now and short 2/19 3900 put

You are trading the micro options? How is the liquidity/spread in those?

 

[donnap]

And +1 MES at 3928.50

So +1 MES now and short 2/19 3900 put

Out that at 3931.75.

I'll look to cover the put at some price.

 

[donnap]

You are trading the micro options? How is the liquidity/spread in those?

Terrible. I bring up the ES equivalent option to get an idea of fair value.

I'm sure that there was some slippage there. I'd trade SPY options instead, but the margin reqs. are pretty high for that.

 

[donnap]

Out that at 3931.75.

I'll look to cover the put at some price.

Cover put at 3933.75

 

[newbie463]

hey donnap,

you sold the put at 13? what was the buyback?

 

[donnap]

hey donnap,

you sold the put at 13? what was the buyback?

I didn't. It's a covered put now short MES, short put.

I'll buy the put back or buy the 3900 call for the close.

Since the put is fairly illiquid, I'd rather keep it in place. I may be trading intraday this week or just close and start fresh with more SIZE

If ES starts moving up, say 3940+, I may try a quick exit and reevaluate. Then the put can be problematic if you're waiting for a fill.

 

[wiesman02]

Anyone having issues routing futures orders through think or swim ? Mine aren't going through.

 

[donnap]

Cover put at 3933.75

Hmm. +1 MES at 3930.75. I'll just hold the short put for now.

I'm only about +150 since Sunday.

I'll stop posting the trades for now, because it is distracting, but I will be long for now and will jump on the next short.