Gotta love ZERO RISK in the SP500 = $$$

[Autodidact]

In this case, I would prefer to sell PUTs. Like selling SPY next weeks PUT for the strike price of 5% lower from here. My strategy is to trade safer and make small money but do it every week.
.

Safer and selling OTM puts is imo an OXYMORON unless you have some sort of hedge, but you did not mention it.

 

[i960]

Yep. Being naked short gamma *and* vega isn't exactly safe, regardless of the size.

 

[Rickshaw Man]

Two thirds of yesterdays losses now gone on 1/10 the volume....That is what you call magic...the magic futures.

 

[romik]

Well anticipated RM. That Chinese intervention and glitch on NYSE sure postponed a selloff until further notice.

 

[noddyboy]

Hahaha I wish this was a joke...but nope its all fucking real

http://www.cnbc.com/id/102817968

China places A 6 MONTH selling Restriction on stocks hahahahah

Look at what is happening. This is fucking insane. See how they intervene on the way down during the collapse but after a 100% skyrocketing market over the last year they didn't even stop it...now they step in and are trying anything and everything to keep the markets from really collapsing.

Congrats on your YINN -- +16.3%? Take profits?

 

[Rickshaw Man]

I just want this Greek drama to be over with. Here we are again looking at another weekend deal possibility. Im fairly certain this weekend will be the weekend something gets done. Sundays 5pm futures opening will be one giant gap up. Position yourself long, just take small position though.

 

[Rickshaw Man]

So do we get sloppy trading today. Can you believe all of yesterdays losses are almost erased overnight, on thin volume. Makes you stop and think.

Im telling you this is all psychological, last night all the masses saw was red. Today they wake up hearing every news outlet screaming, big surge overnight, markets set to rally. This leaves the masses thinking everything is ok, lets not sell.

 

[Rickshaw Man]

These markets are so rigged it's sickening. Can you imagine needing to sell Chinese stocks and the government not letting you. What the hell is going on. This is such a tragic event.

 

[S2007S]

Nah...Greece is going to get some.sort of.bailout plan this weekend and the Dow will be back at 18000 next week...fed minutes today also should boost markets..
Going long more China etfs today...opening up a fresh position in
CHAU and more YINN today.

CHAU

 

[Rickshaw Man]

Today's lunch special will be....AT THE HIGHS OF THE SESSION.....make it pretty for the masses. Bought the 100 point dip this morning in YM, long 5 at 17600, looking to sell near 17680.