Gotta love ZERO RISK in the SP500 = $$$

[Rickshaw Man]

Up we go into the lunch hour.....AT THE HIGHS OF THE SESSION.....Markets rebound from yesterdays selloff screams CNBC.

 

[Rickshaw Man]

On the way.

 

[noddyboy]

I don't trade futures but I use that possibility to trade other things. 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. I believe only because of volatility this week, you can get good premiums.
Edited: And most of the time it makes sense just to do nothing if you are not sure and have doubts. We don't need to trade everyday.

Doing nothing -- words of wisdom.
But I don't see why selling puts make any sense if you think the market will be down by Friday. It seems risky with Greece too.

 

[romik]

PPT's objective must be now to negate TA on macro charts to prevent change of sentiment.

 

[Rickshaw Man]

Sit tight, it will move up during the lunch hour....makes for great viewing.

 

[Rickshaw Man]

Oh know im losing...relax...ok!

 

[Rickshaw Man]

PPT's objective must be now to negate TA on macro charts to prevent change of sentiment.

Absolutely, they are away of were we sit, fund managers watch that 200 day MA.

 

[FCXoptions]

I was debating on a short at 17,590, BUT decided not to. Fighting the trend hasn't been working too well for me lately, so I haven't entered yet. If anything I would like to go long, just trying to figure out if there is enough juice left in it for a decent move up.

 

[FCXoptions]

long @ 17,586

 

[Rickshaw Man]

Ho hum twiddle dee, just chilling waiting for the lunch rise.