ES Journal - 2023/2024

vanzandt said:
"Puts have been extremely cheap"

Huh? July 19 puts on SPY and QQQ are equal to the calls. There's a little thing called a dividend payment between then and now. It's about $1.20 on the SPY. Check the option chains and break out a calculator.

$542 calls are $7.72
Subtract $0.45 (Closing price $542.45) = $7.26
Subtract $1.20 dividend... =$6.06

7/19 $742 SPY puts---> $6.07

... Just sayin'
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With the Vix at historically low prices, options premiums are very cheap. There was an article I just read on marketwatch that said how you can hedge your portfolio very cheaply. So if the market for once ever actually is allowed to go down and the V doesn't happen, those puts would print.

https://www.marketwatch.com/story/h...elloff-has-almost-never-been-cheaper-14030ba7
 
grabbing dow longs here on the dip

how we're look so far overall since yesterday on the piker account positions:

upload_2024-6-14_9-0-34.png


looking to go flat everything today and see if I end up red or green overall on the position

Will revert back to the futures account next week if we get a little drop so I'll feel a bit safer with longs and not so much like i'm possibly buying the all time highs haha

piker account until then

considering it's all be long trades and I timed it very badly, i'm amazed i've not took a beating lol
 
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A new trading rule I developed for ETH trading is to never enter long unless there's a decent dip. The dip always comes and it tends to be deeper than one might think. I've lost count how many times I've been too early.

When I find some time, I'd like to do a study on just when the ETH low typically comes.
 
nice drop. I really like this area for a 'proper' long soon!

Although still long on the baby account and don't wanna get too heavy on it and push my luck so Just holding the same small longs and waiting for the inevitable V!

i'm red on the overall trade at this second now, though.
 
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