Gotta love ZERO RISK in the SP500 = $$$

[SteveM]

92.50's entry and selling covered calls every month generates 1.5-2% monthly

What happens if the 92.50 doesn't hold?

 

[SteveM]

Took a small scalp - 5M chart, bought as the 10:05AM bar was forming, exited on the 10:40AM bar. Looks like I could have held it for more if I waited.

 

[Rickshaw Man]

Remember as we near the sessions highs for lunch viewers.

 

[Brianharvey]

ss 2733
stop at 38

 

[SteveM]

ss 2733
stop at 38

Just an observation - you seem to be trying to pick tops and fade these bull trend days. I've lost bundles of money doing this in the past. But if you are able to do it successfully, who am I to judge.

 

[Visaria]

short 065 YM, stop 30 points

 

[Visaria]

short 065 YM, stop 30 points

out at 48

 

[Rickshaw Man]

Oh look its close to lunch time on east coast and by golly we are at the session highs....same thing over and over and over.

 

[Rickshaw Man]

So easy making free money.

 

[Rickshaw Man]

CNBC BLASTS........Looks like the market is recovering today and is near the session highs. Guy eating pizza glances up at flat screen smiles and thinks to himself, new high are just around the corner.....I'm not selling.....mission accomplished CNBC