ES Journal Archive (2009 - 2010)

[volente_00]

Quote from FirstDegree:

http://www.youtube.com/watch?v=TejtkVZD7r0

TopNotch (TopStep) has an objective of 1062.25. They are looking for Monday to be another down day, looking around the 1050 area if the market stays on the lows and doesn't get a bounce.

1050 cash sets up an inverted IHS on a 3 month chart


1055 would be a 50% retrace level

 

[ASusilovic]

Quote from volente_00:

who would one buy deep OTM options on expiration day ?

"Flash crash" fanatics...

 

[Picaso]

Quote from volente_00:

who would one buy deep OTM options on expiration day ?


such as the spy 113 calls or 100 puts ?


why not let them just expire and profit the extra penny ?

I could be wrong, but I guess he's referring to next expiration's

 

[ammo]

no volume spikes yet

 

[volente_00]

Quote from Picaso:

I could be wrong, but I guess he's referring to next expiration's

no july spy

 

[schizo]

LONG 1065

SL 1061.50; PT 1070-ish

 

[Eko_Trader]

Quote from Eko_Trader:

bid @ 1061 (Long shot, I know)
Stp: 9 pts
Tgt: 80


If I get stopped out, I'll do a flipper

Moved order to 56.50

stop remains the same.

 

[Picaso]

Quote from volente_00:

no july spy

My bad then

 

[ammo]

but we do have a ledge,indicates large working buy at ledge area

 

[volente_00]

Quote from ammo:

no volume spikes yet

9/18 crossed down at 1091 and has not been back since

Seems more of a buyer's strike than sellers piling on


won't take much for them to run this 10 points on a squeeze


107 calls still demanding .30 which could mean a run to 107.3 or 69 es


107 spy premium says 106.75 close or above.