ES Journal Archive (2006 - 2008)

[volente_00]

Quote from trader_arb:

Its true... the max pain crowd doesn't shut up until this happens (a couple times per year), but it JUST happened last month. Short memory I guess

This reminds me a few months ago how people were reading into OI; thinking the market would crash because someone had bought (sold) some SPX puts at 700 or so.

Quote from volente_00:

You are right is does not work. It is not about causing max pain.

Ask the big writers of puts about the 131- 133 strike last month. The got underlying put to them but with premium adjustment their basis was 128 -131. What has the s&P not closed under since last option expiration ?














1310



coincidence once again I guess.

 

[volente_00]

up 1380


down 40-53


flip a coin

 

[BigBubba]

sry i'm late, but i forgot to say thanks Apex, for the most excellent video on that wheat trade.

 

[volente_00]

long 64.25



target 67

 

[volente_00]

out some + 1


stop to be

 

[atticus]

Feel the power.

 

[volente_00]

http://www.elitetrader.com/vb/showt...threadid=117554



Say it ain't so ?

 

[volente_00]

out some more at 65.75



looks like a possible right shoulder at this area


last position still break even stop.


62 or 67 which will it be ?

 

[volente_00]

be stop hit

 

[smilingsynic]

Did you ever get my PM?

If not, basically I was saying that the rule of 10, as I have observed it, works even better on the Hang Seng, except that it is the rule of 100.