ES Journal Archive (2006 - 2008)

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Rolling positional(not a real word) longs into March today. I have short calls in Jan. Feb and Mar, so it makes sense. I will continue intraday and swing in the Dec contract for now.
 
Quote from Buy1Sell2:

Rolling positional(not a real word) longs into March today. I have short calls in Jan. Feb and Mar, so it makes sense. I will continue intraday and swing in the Dec contract for now.
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If there is only Dec and March futures contracts for the ES,
how can you sell options on contracts for January and February ?

This is a test.

:)
 
Quote from optionpro007:

If there is only Dec and March futures contracts for the ES,
how can you sell options on contracts for January and February ?

This is a test.

:)
More...

Options are available for expiration every month. The Jan Feb and Mar have the Mar as the underlying. Other futures markets have the same feature.
 
My goal here was to hold this long trade overnight. However, the trading in the last half hour affected the 60 minute chart to the point where I felt it was best to close out MOC and was filled at 1403.00 . Decent gain today but--again the 6 point target would have been better for me since I am not holding this one overnight. Talk to everyone tomorrow.
 
Thanks. How far OTM do you normally like to sell calls. Is there a formula you use based on volatility or ATR?

Thank you again.


Quote from Buy1Sell2:

Options are available for expiration every month. The Jan Feb and Mar have the Mar as the underlying. Other futures markets have the same feature.
More...
 
Anaylsis was spot on again. Market opened right at the first zone and sold off viciously as was stated the night prior. It pulled back to test local Resistance and fell back again only to hold the zone. It then proceeded to move up and test the zone again pulling back and creating a minor wave 4 low. Towards the end of the day it made its final attempt to break the structure, failing at the max penetration point of 1407.50. That area had also formed a minor 5 wave move overlapping which projected the exact high of the day. At this point the market is exhibiting very nice structure and my view is bearish until it can get a solid breakout above the 1408 area. If this market can get some momentum to the downside tomorrow... watch out below, things could get ugly. We are in an impulsing bull market, make sure to keep tight stops on the shorts until there is more confirmation.

Here is the chart I posted last night. The pink zones were constructed prior to todays price action in my previous chart. You gotta be careful buying after testing zones like these.
 

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Is anyone else missing about 15 minutes worth of ES Z6 or NQ Z6 starting about 646am Central Time this morning?

I get my feed from eSignal.

TIA.

JB
 
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