man its pretty dead today
- Thread starter Steelhead
- Start date
I wanted to take a nap, but thinging if something might happen after 1430
For a credit spread trader, quiet will do just fine for August 
Not that bad for August, I picked up a $1.00 on CTX and another $1.00 on XOM, 800 shares each.
Took forever but it was worth it.
Picked up another dozen trades for +.10 to +.20 on BA (straight UP all day) and a few others (MER, CTX, etc...)
Very few losers but more break evens than normal.
Up over 2k today, I'm not complaining.
This friggin GLD has been in a trading range for 2 hours.
I'm expecting GLD to drop to yesterdays close of $62.02
Took forever but it was worth it.
Picked up another dozen trades for +.10 to +.20 on BA (straight UP all day) and a few others (MER, CTX, etc...)
Very few losers but more break evens than normal.
Up over 2k today, I'm not complaining.
This friggin GLD has been in a trading range for 2 hours.
I'm expecting GLD to drop to yesterdays close of $62.02
Steelhead, last two weeks of August tend to be just like this, before things slow right down from there (laugh)
Basically, it's all about program trade spurts in between coiled congestion from now until mid-September. Tradable, but tougher due to less opportunities of entry = exit.
mid-September into early November last year went from comatose to flat-out wild intraday action. I'd expect the same general pattern this year... at least that's what we're hoping for :>)
Basically, it's all about program trade spurts in between coiled congestion from now until mid-September. Tradable, but tougher due to less opportunities of entry = exit.
mid-September into early November last year went from comatose to flat-out wild intraday action. I'd expect the same general pattern this year... at least that's what we're hoping for :>)