ES Journal Archive (2009 - 2010)

[MandelbrotSet]

L @ 838.50
S @ 83650
Initial target @ 840.50

 

[Nagelis]

Quote from wohc:

iloveoptions,
Thanks for the reply. I'll love to hear more about the strategy

ilo and wohc,


ilo, correct me if i'm wrong but from what i can see you are trading "synthetic" straddles, right?

a very nice and powerful strategy in the current environment, but deadly once volatility comes off, since you are in essence long straddles (long vol) at 1/2 the cost of a normal straddle (the nice bit).

(u buy a call and sell 1/2 cash OR u buy the put and buy 1/2 cash)

every time market moves a certain percentage, you neutralise the delta created by that move. the more u can repeat this neutralising of the delta, the more money u make before time decay sets in.

 

[saliva]

Quote from saliva:

Short 39.25

Out 39

 

[MandelbrotSet]

Quote from MandelbrotSet:

L @ 838.50
S @ 83650
Initial target @ 840.50

Out @ 840.50.

Gotta run, good trading.

 

[ammo]

Quote from ammo:

sh 38.75 on the djt touch at 2992,upper tl, still dueling banjos on uvol/dvol

add 40.25

 

[saliva]

Short 40.50

Stop above 42

 

[startraitor]

Looking for 42.50-43 before shorting. Lots of overhead flack starting right here though.

 

[ammo]

could be wrong, but that sharpening wedge in djt,the fact that its exp and the fat options narrowed from a 50 to a 30 point range,we may just bounce between 33 and 42 all day

 

[startraitor]

Beige book 2:00 pm would be the only thing I see propelling us out of the range by far.

 

[lurefo]

Quote from lurefo:

Thx. taking some off at 38.75 but my main target as stated earlier is new highs.

HOD touched.

Exited the rest of the position at 40.75