Gotta love ZERO RISK in the SP500 = $$$

NoDoji said:
This is Elite Trader, a site for traders (not investors). What would a "permabear" be doing on Elite Trader???

BTW, yesterday's counter-trend pullback action sure felt like ZERO RISK FREE MONEY to me!

Let's see, price was on a clean trajectory down with plenty of room below and the biggest risks to my short position was:

1. Surprise Fed rate cut announcement
2. Surprise QE4 announcement
3. Surprise announcement that Fed found $17 trillion under the mattress it shares with Congress

:cool:
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I followed your advice. I bought when I thought I should be selling short, and it worked right away!
 
noddyboy said:
NoDoji, do you take overnight positions? I was just wondering if the trends on daily bars are different than 5 minute.
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I take overnight positions with options and use real basic TA as applied to the daily chart. Because price tends to fall much faster in that timeframe (pullbacks usually erase in a few days or a couple weeks several weeks of gains), I take short positions only.
 
Interesting, thanks! I did notice that SKEW is at all time highs recently, so perhaps many people are doing the same with puts versus calls. Has this been the strategy for a while, or only while skew is high?
 
noddyboy said:
Interesting, thanks! I did notice that SKEW is at all time highs recently, so perhaps many people are doing the same with puts versus calls. Has this been the strategy for a while, or only while skew is high?
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I have no idea what the skew is. I just watch for this particular repeating pattern that occurs around the upper channel.
 
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