Gotta love ZERO RISK in the SP500 = $$$

[romik]

The biggest American debt selloff in 15 years
http://money.cnn.com/2015/10/14/news/economy/us-treasury-debt-selloff-2015/index.html

 

[Max E.]

wonder where max is? That resistance/support play is a very good method and for me when it breaks either way with volume I take it...in fact looking at short ES right now..TF much better but my eod charting support/resistance/volume is done right now on ES so that's what I am watching...tonight I will redo it for TF

I do believe they will often drop it just below support and whipsaw it to squeeze short contracts though...so 1988 might be a good long all the way to 2014 this morning

Visaria was right im drowning my sorrows after missing that setup, looks so pretty in hindsight, good work to you guys who shorted it, oh well cant get em all I guess.

 

[der_kommissar]

Disagree. Short every bid and watch it drop to zero.

It's pretty similar to trading some far OTM puts/calls...you know that the odds are they will eventually expire worthless, but you can game them up and down in the interim.

 

[trickshot]

Weak dollar propping up this thing again. So predictable...

 

[der_kommissar]

yeah market ran out of downside momentum and once it went sideways, can't stay short

 

[Pricechange]

anyone take this? I should be a fooking day trader!!

told you it was good...you are making some good calls..I should have taken the trade damit

 

[Pricechange]

I do believe they will often drop it just below support and whipsaw it to squeeze short contracts though...so 1988 might be a good long all the way to 2014 this morning

damit

 

[der_kommissar]

damit

that is a good call...that 1987 area was the s/r prior to last weeks major break higher...

 

[S2007S]

nasdaq rising on semis today, other than that this market would be even worse off!

 

[FCXoptions]

Put on a couple nov spy call credit spreads @ 204/204.50. In hindsight I should have just used the ES or SPX instead because the commission blows on that close of a strike, assuming I can get the same relative fill through any of those 3 routes of course. Oh well, consider that lesson learned.

What do you all prefer to use, SPY, SPX, or ES?