Quote from Handle123:
Unless I have 10pts of profit in ES/S&P500 futures, and I just entered on the trade in past 1-3 days, I would have some options bought for over the weekend. Anything can happen and I rather have some kind of hedge, otherwise one is just gambling.
I don't recall the size of the gap when markets reopened after 9-11.
I recall long ago I got caught in a limit down move for three days in diff market, cost me $110k, not saying the indexes could do this, but anything is a possibility.
