ES Journal Archive (2011)

[JoshDance]

Quote from JoshDance:

filled finally, stop 27

out -1 point

Maybe for once I can get it right going with the day's trend? sheesh.

 

[Laissez Faire]

Quote from PushPull:

The general theory only says that 1200 will print today. It doesn't say what'll happen afterwards or before.

That`s cool.

NQ new lows now.

 

[Laissez Faire]

Quote from Laissez Faire:

Sold 1231,50. Stop @ 1333. Targeting hell.

I`m locking in 3 points here @ 28,50.

The dreamer in me is looking to visit hell today, but I may take an exit on any sign that the day lows will hold.

With NQ trading below it`s low, I am of course hoping that ES will too, although they`ve been diverging some today/recently.

Wednesday`s highs @ 25,75.

Perhaps the right action would have been to take profits there and re-enter on the break. Not always easy this game.

 

[mastacoli71]

Quote from mastacoli71:

the power of options expiration combined with stop runs...wow. still can't imagine this market closing above the 2 month range but expect the unexpected has been the mantra for the last 2.5 months.

hmmmmm....hmmmmmmm.....hmmmmmm

the more CNBC pumps the market up, the more shorts will make....lol

 

[bigsnack]

Not always, but my observation is typically that once a thrust / consolidation occurs, price will need to stay above that consolidation in order for the current trend to continue... That being said, I don't trade options ex because statistically they are my worst days

 

[ammo]

Quote from bigsnack:

Yeah, I could use some schooling on this stuff too.

So as MM's are concerned, will they move price in order to guarantee the largest amount of options contracts will expire out of the money? If that is the case then the goal would be to push it up further, correct? Is that even the right thinking?

it runs up on exp 9 or 10 out of 12 months ,so watch the puts,they sell all that premo and take it to zero,josh look at the at the money strike in aapl goog,any stock that trades opts,when we are getting an earnings report,add the 2,add or subtract that from the strike and we rarely exceed it but in big movers like aapl goog bidu it will often hit that extreme,so if they will sell that straddle for 43 cents with spy trading 123.5,they are telling you the spy will stay within 123-124 for close,if not it wont go below 122,guessing with put oi as a tell,i am sketchy /still learning on a lot of this at expo,vol please chime in

 

[mastacoli71]

doh, here we go, open up the flood gates

 

[Laissez Faire]

ES new lows.

For anyone who did not notice.

 

[mastacoli71]

Quote from Laissez Faire:

ES new lows.

For anyone who did not notice.

you know who is short, right

 

[JoshDance]

short 24.50 stop 26

and here come the buyers.
crud. I am out of sync here.