How to short the S&P using options? Day & swing puts

[SPX Options Trader]

Sounds like it's time to start a journal

KISS, and just buy/sell calls and puts, without all the extra bits like greeks and trade structure.

Journals, trade journals, are laughable. Sounds like everyone who creates them turns out to be a curse on their performance.

I buy/trade basic calls and puts to bet up and down. I only make one trade per day...my goal, aim, is to capture the one obvious line move you see on the chart.
I only desire to capture the biggest fish in the pond, sea. Not a bunch of tiny one's.

 

[Option_Attack]

Love Goodfellas. I have to watch it every time it is on TV.

 

[destriero]

Just because You can't do it...don't assume Everyone can't do it, either. And it's impossible,

Just because you haven't discovered electricity...doesn't mean someone, somewhere else, hasn't.
Just because you haven't discovered fusion...doesn't mean someone, somewhere else, hasn't.
Just because you haven't flown to the moon...doesn't mean someone, somewhere else, hasn't.

It's a matter of understanding, approach, knowledge, formulas, assumptions, expectations, variables, comparisons, conditions,
This is ET...the place, to be Elite, -- achieve Greatness, not mediocrity.

If you hang around bums...chances are, you'll become a bum.
If you hang around MIT...chances are, you'll think like MIT.

Sinatra was wrong; aerodynamics in space?

Journals, trade journals, are laughable. Sounds like everyone who creates them turns out to be a curse on their performance.

I buy/trade basic calls and puts to bet up and down. I only make one trade per day...my goal, aim, is to capture the one obvious line move you see on the chart.

I think you're @Tradex and begat a new (non FX) pseudonym.

You would gain nothing from milling around MIT (CalTech says sic) unless you have the bona fides for admission.

 

[Overnight]

Journals, trade journals, are laughable. Sounds like everyone who creates them turns out to be a curse on their performance...

Then you haven't been listening.

 

[SPX Options Trader]

There is no advantage to trading intraday singles if you trade spot/futures with stops

Don't trade 0DTE unless you're just fucking around

Assuming, someone can time the daily S&P chart well, very well....how much can they make of a % return trading futures instead of options?

I'm completely new, ignorant, to futures. My game, my experience, my expertise are only options.

 

[destriero]

The quickest and most money (notional) I've ever made was when posting to my dest everything journal. Closely followed by my "cyclical top" thread. Both resulted in doubles for my net liq.

 

[destriero]

Assuming, someone can time the daily S&P chart well, very well....how much can they make of a % return trading futures instead of options?
I'm completely new, ignorant, to futures. My game, my experience, my expertise are only options.

Nobody can answer that question, but futures with stops will beat intraday singles in all scenarios other than a runaway market.

 

[SPX Options Trader]

Nobody can answer that question, but futures with stops will beat intraday singles in all scenarios other than a runaway market.

Options are explosive, is all I'm saying...if someone has good/great/expert timing.
Everything else, only delivers marginal returns.

Day in, Day out, everyday,...if someone can time the daily S&P chart...that's the Holy Grail. Combined with leverage/options.

 

[destriero]

Options are explosive, is all I'm saying...if someone has good/great/expert timing.
Everything else, only delivers marginal returns.

lol intraday?

WTF does timing have to do with magnitude?

 

[Overnight]

Assuming, someone can time the daily S&P chart well, very well....how much can they make of a % return trading futures instead of options?

I'm completely new, ignorant, to futures. My game, my experience, my expertise are only options.

K, let us test your meddle.

I am long the MES Dec contract at 4510. I believe that I will be in profit by Last Trade Date, which is Dec 16th (17th technically, but volume-wise we want out by December 9th or 10th to not suffer a widening bid/ask spread on the future contract.)

Is there a way for me to buy or sell a simple call/put with that expiry date, to either mitigate a loss or capture the potential gains? What would that be?