ES Journal Archive (2006 - 2008)

[RAY]

Quote from gwac:

lol


Is this a limit up for the day or what? Does the index have a limit up also?

The overnight limits are about 5%. The RTH are about 10%.

So at open it "opens" back up.

Edit: I say "about" because the moves are calculated from the big spoos closing numbers.

FYI. things like SSO are still available.

Edit 3: For example SSO is trading at a premium to the ES. This is going to get interesting.

 

[jagmot]

I can't believe this. The market is going to wipe out most of my profits with this move (for the year I expect).

I've written a bunch of Sept calls and started writting Oct calls as I thought Sept calls were toast. now I'm going to get hit on both of them...

So much for stabilizing the market

A 150 pt move in 24 hours is stabilizing? And going higher

 

[HooLee]

SPY still going higher.

 

[gwac]

jag

sorry to hear...

Quote from jagmot:

I can't believe this. The market is going to wipe out most of my profits with this move (for the year I expect).

I've written a bunch of Sept calls and started writting Oct calls as I thought Sept calls were toast. now I'm going to get hit on both of them...

So much for stabilizing the market

A 150 pt move in 24 hours is stabilizing? And going higher

 

[wave]

I gotta bet that the boys are loaded short here to 1250ish.

 

[jagmot]

Quote from jagmot:

B1S2 - your view in the past has had you exiting longs over the weekend but holding shorts (at least when trading ES). Has last nights gap (and also 3/24 on BSC bailout) changed your view?

Curious. TIA
Jagmot

Perhaps I should have listened to my own advice

 

[newguy05]

Quote from jagmot:

I can't believe this. The market is going to wipe out most of my profits with this move (for the year I expect).

I've written a bunch of Sept calls and started writting Oct calls as I thought Sept calls were toast. now I'm going to get hit on both of them...

So much for stabilizing the market

A 150 pt move in 24 hours is stabilizing? And going higher

shorted naked calls? ouch sorry man! checkout the options section, there are some very good discussion around the risk/reward on it.

 

[BoyBrutus]

Quote from BoyBrutus:

Anybody have the balls to short 1268?

Short the opening print ! :eek:

 

[stella]

Quote from wave:

Yes I would hope many know that as well as SPAN margins.

I'm relatively new in trading es, abt 2 yrs now. I think this is the 1st time i've seen this happen though i've read about it.

whats SPAN margins by the way?

 

[iloveoptions]

Quote from jagmot:

Perhaps I should have listened to my own advice

This is truly unprecedented. I feel for you. At least the implied vol will drop considerably depending on what strikes you wrote