ES Journal Archive (2006 - 2008)

[blaster1]

Long 85.25

Edit: out 87.25 +2.

 

[JSSPMK]

ImO we go lower first

 

[blaster1]

Is it me or is the volume on ES unusually low?

 

[vertigo3]

volume has been chump for days

 

[blaster1]

Lots of scalping opportunities. Really busy this morning despite light vol. Can't post all, most of my trades only last seconds.

 

[blaster1]

I see upward bias.

 

[blaster1]

Short 89.75.

Edit: out +2 ticks.

 

[kinggyppo]

139.00 touched on the spy, bounced right off the line, will be interesting to see if the market can get above this resistance.

 

[Lawrence Chan]

Runaway day on option expiration like this is usually caused by a huge demand (like today) that option positions got called.

The afternoon will be very wild as firms tried to tie up their positions at the most profitable point.

The problem is, each firm has its own best price point to push to.

 

[Pholeuon]

Lawrence, do you not have statistic how often happens runaway day on option expiration and when was last one?