ES Journal Archive (2011)

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Quote from joneog:

Some of the longer-term levels I'm looking at on the SPX...

White lines are upcoming option expirations, white boxes are strikes im considering selling verticals @.

Would like to sell the Aug put spread on some early morning weakness (wanted to do it friday but reaction to the NFP# didn't cooperate with the plan) and ideally get a short-covering rally later in the week and/or into the next week to sell the Sep call spread, do some type of ratio, or sell a much smaller number of calls outright. We'll see how it goes, considering the downgrade.

Should be another interesting week.

trying to sell 111/113 Aug SPY put spread @ .69, gonna need a decent drop to get it

(no stop, max-loss of 1.31 per spread)
 
Quote from joneog:

trying to sell 111/113 Aug SPY put spread @ .69, gonna need a decent drop to get it

(no stop, max-loss of 1.31 per spread)

Its possible if it holds.

I do not feel it will hold but I could be wrong.

Ask me again after fed day tomorrow.
 
Wow...stopped me out plus 3 ticks and then 15pts in my favor. Cant catch a break today.


Quote from klinckphilip:
08-08-11 12:16 PM

Quote from klinckphilip:

Short 1158.75

Stop 1167.25

Target 1125ish or EOD



Stopped out. Well those two evaporated a large chunk of last weeks gains. I think Ill sit out until I see something more concrete. Good luck everyone.. [/B]
 
5 Contracts taken off on all positions @1140.75
25 contracts Remaining

Stop moved to 1188 on main position
Stop @ 1172 on add on position

1140 has been hit.

Next Target is 1125


We are -11 from daily range

Go baby Go
 
Quote from klinckphilip:

Wow...stopped me out plus 3 ticks and then 15pts in my favor. Cant catch a break today.

Stop was to small for this votality both on the 30 min and 15 min chart I am seeing the need for a 17 point stop

So less contracts and bigger than normal stops.

Look into the indicator "Average True Range" to get a feel for the current range of the market on any time frame
 
Quote from iloveoptions:

just added 21 lots here at 1138.75 just a minute ago. Stop at 1115 Target 1150

BE at 1144.68


Good stop level, we would have to really overshoot past 1125 inorder to hit your stop.

Good luck
 
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