Poll: Long or Short the ES 1860 straddle

[nitro]

Two days until the poll closes.

 

[Amalgam]

Short

 

[der_kommissar]

I have a better idea...why not update the closing price of the straddle every day until expiration...regardless of what the poll suggests (long vs short)...

Right now it looks like one could reasonably be filled 68.50 on the call side and 38.00 on the put side (106.50) debit/credit.

 

[nitro]

I have a better idea...why not update the closing price of the straddle every day until expiration...regardless of what the poll suggests (long vs short)...

Right now it looks like one could reasonably be filled 68.50 on the call side and 38.00 on the put side (106.50) debit/credit.

I wish very much that it was effortless to post in this manner. It is simply too cumbersome.

In my opinion, the single most cool feature that ET could get is a realtime feed that posters could point to in their posts, with PnL updating on the very post in realtime!!!!. In addition, adding some extremely simple logic like Buy At Open and Roll at Close added to ET, means that the post could be come a trading system!!!!!!!!!!!!!!!!!!!!!!!!

So we might say on an ET post

using NitroSignals

[Data: ES ATM STRADDLE]
[System]
Buy ATM STRADDLE On Open
Roll ATM STRADDLE On Close
Gamma Trade Per NitroSignals
[/System]
[/Data]

And it would update automatically.

Alas, it will never happen because the exchanges charge an arm in the leg for data. But ET should make some sort of deal with the CME and the CBOE (and probably the NYSE and NASDAQ) to somehow give ET access to a realtime feed.

Then, I could say, buy the ATM straddle at the open, and sell that straddle at the close and open a new ATM straddle at the same close, essentially rolling over straddles. And Gamma Trade using my system.

That is a dream.