ES Journal Archive (2006 - 2008)

[Jaxon]

Quote from vertigo3:

YM, ES, NQ all swung to new intraday highs near 11:30, But what's with the ER2? it's ugly.
Anyone have any idea what's weighing on the ER2?

no idea, but also Friday ER2 was trading in its own world. I think it was up 1% while YM was still down 100 or so points.

 

[atticus]

Quote from atticus:

Short 5 ES from 54.00//Short 50 ES Dec 1225P from 22.50 average.

Covered the Dec 1225P at 16.50 average [current offer], futures at 63.00. +255 handles, $12,750 pre-comms.

 

[dmartin]

Quote from atticus:

Covered the Dec 1225P at 16.50 average [current offer], futures at 63.00. +255 handles, $12,750 pre-comms.

Atticus: Very nice trade. So you shorted the ES and sold 50 puts. I am not familiar with that style of trading. Can you share a bit more on how you came up with that trade?

DMartin

 

[volente_00]

Quote from Prevail:

hardly a gap in the cash.

http://finance.yahoo.com/q/bc?s=^GSPC&t=1d

gap filled nicely, low risk long now

 

[atticus]

Quote from dmartin:

Atticus: Very nice trade. So you shorted the ES and sold 50 puts. I am not familiar with that style of trading. Can you share a bit more on how you came up with that trade?

DMartin

Vegas increase with duration. I was looking to earn on a drop in volatility. I chose Dec deep otm puts for vega sensitivity. I sold puts and sold futures to trade [initially] spot-neutral.

 

[mbusch]

Quote from atticus:

Vegas increase with duration. I was looking to earn on a drop in volatility. I chose Dec deep otm puts for vega sensitivity. I sold puts and sold futures to trade [initially] spot-neutral.

Fascinating stuff! Can you recommend a good book for someone who wants to learn more about this sort of sophisticated options trading?

 

[atticus]

Quote from mbusch:

Fascinating stuff! Can you recommend a good book for someone who wants to learn more about this sort of sophisticated options trading?

Natenberg's Option Volatility and Pricing would be a start. I haven't read it, but it's well-regarded.

 

[mbusch]

Quote from atticus:

Natenberg's Option Volatility and Pricing would be a start. I haven't read it, but it's well-regarded.

Thanks!

 

[atticus]

Please delete if it's too OT. Sold the NDX Aug 1925 straddle at 42.00, currently 41.70 x 43.00. 10-lot.

 

[HolyGrail]

Going to 1470 and then look out below