Index futures (OMX, Sweden)

I use Nordnet, an online broker found at www.nordnet.se. I think the Black & Scholes formula is the one more used, but am not sure. As for website in english, that is a hard one as all I can think of are in swedish, however there is some basic info here:

Homepage for OMX group: www.omxgroup.com

What do you currently trade? Where are you based?
 
The US did not give us much strength, and neither did the Asians, however, we have had two strong reports in Volvo Trucks, and Teliasonera. This might mean that we go up at the open. Let us see what happens, and I think that either the low or high of yesterday will be tested, and right now I am not sure of which, but I will be there to trade it.
 
Of course I sold to soon, and of course the market had to jump up almost 1 and a half percent. I just hope they sober up, and start to remember all the doom and gloom....
 
I have chosen to not be exposed over night recently, mostly because of the multitude of reports and the risk of adverse gaps. I can't help but notice that if I had just held the last weeks trades over night just as they were, I would have been much better off. But that's a given, and if I had been exposed, the opposite would have happened. Have I mentioned that a trader can make big bucks by taking the other side of my trades? Also, this has meant that trades have been shorter, and my broker is just that much happier.
 
That was the second day in a row with extreme volatility, although today, it was an up opening and morning panic buying bringing up the market almost 1,5%, followed by a sell of the rest of the day to end in negative territory. As usual this trader was wrong at every instance, and today, not even luck could save him. Keeping the long trade open over nigth, as I did not get any bounce after entry, and market is very oversold short term. Currently down 11.25 points on the trade, wich means the day ended down 9.75 points, marked to market. With days like this, one thinks of calling it one.
 
High was 1060.25, Low 1042.72 and Close 1043.25. We took out the highs of yesterday as I believed we could after the reports came out, but I had never in my life expected the market to then challenge the lows of yesterday also, and make another giant range day and close down.
 
The cash market traded down this morning after a short pop up, mostly due to some heavy weighters going ex dividend. At least that is the verdict from the futures contract, which has been down 1 point at its worst compared to the cash markets -8 points (I had expected more up-momentum and i failed to bail out at the +5 points that the futures contract offered at its best this morning). A lot of this volatility has to do with expiration of index options and futures on friday, and it seems that we are gaining some foothold to have some upside now. Worst over?
 
Well, since this morning the market has pretty much gone to a complete stand still, going a few ticks up and down. This could of course mean that we get another down leg, but this would be the fourth consecutive down day, and we have had a 2.5 percent down move since the top yesterday without much of a bounce at all, so I will wait a bit longer and see if there can be a bit of short covering to sneak out on.
 
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