ES Journal Archive (2006 - 2008)

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if you add roughly the open interest in spy 122-132 calls,900.000. 120-130 puts close to 900,000. There is no lean or imbalance,thats a 12 point range with the heaviest open interest ,the avg price is 126, let's see where we close
 
We keep pressing up on 1262 yesterday afternoon and this morning, at .25 retracement of 1442 to 1201. Next level 1294 at .382 but doubtful that can come without retracement back down. C news today could really move us up more.
 
Quote from ammo:

if you add roughly the open interest in spy 122-132 calls,900.000. 120-130 puts close to 900,000. There is no lean or imbalance,thats a 12 point range with the heaviest open interest ,the avg price is 126, let's see where we close
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Ammo - I think index options expire at the open so your 1260 level, 126 on SPY may be spot on. After open settlement either way fair game.
 
Quote from Buy1Sell2:

I will go short on a day trade 1 contract at 1258.75 on a sell stop. I will then post the protective buy stop.
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Short 1258.75 1 contract

Initial buy stop 1264.00
 
Quote from riskymove:

We keep pressing up on 1262 yesterday afternoon and this morning, at .25 retracement of 1442 to 1201. Next level 1294 at .382 but doubtful that can come without retracement back down. C news today could really move us up more.
More...

One thing important is that mutual funds, trust funds do not sell their holdings at a loss.

Thus C's report = sell calls to make some $ over the next 6 to 12 months as the stock and all financials have no hope of going much higher.

Every call written = fireworks "forcing" the market maker to go short the underlying instruments. i.e. created sell pressure

Edit: How much sell pressure? Enough to cover the cost of the option the MMs have to buy, of course. :)

Very interesting dynamics indeed. :)
 
Quote from riskymove:

Ammo - I think index options expire at the open so your 1260 level, 126 on SPY may be spot on. After open settlement either way fair game.
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spy trades til close
 
I just nailed a tripple short play in the ES,NQ & YM.
Made a quick $300.00 in about 5 min. Now I have to get ready to leave and go to work for the man.

I really need to go full time. I missing out on too many awsome opportunities.

:cool:
 
07-18-08 08:38 AM



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Quote from Buy1Sell2:

Short 1258.75 1 contract

Initial buy stop 1264.00
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Buy stop lowered to 1259.50
Buy stop lowered to 1258.25
 
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