S&P, Dow, and Nasdaq Position Trader

F

futuresRX

Hey all,

Have been around here a little bit and have decided to start a journal of my position trades around the S&P 500 (minis and full pit contracts). As a lean hog pit trader, I am beginning to diversify some of my plays into other markets as position and swing trades. I also will have a few trades in the Dow and Nasdaq futures.

First off:

Shorted 2 SPU8 near the close today at 1283.50. Bias is to the downside tomorrow as I believe we're forming a double-top here at this 84-85 level, and the Dow/Nas is confirming that. While the Nas got about the DT level after-hours, I believe that it will come down as well. Short 2 ESu8 (minis) as well from 83.50.

Second: Shorted 2 NQU8 just recently at 1878.25, as I believe CSCO news will be "lessened" to an effect, not as huge, great news, tomorrow.
 
Just closed the 2 short SPU8 at 1280, for a 3.50 point profit ($1,750). Still holding the ESU8 shorts and NQ shorts. Currently have ES orders to short at 82.50.
 
Sold 6 ES U8s at 1285.00, a profit of 17.25 points each car, or $5,175.00.

Closed NQ U8s at a loss at 1913.00, a loss of $1,737.50.

Flat, no position on.
 
Added additional short ES U8, 2 contracts add at 1283.50. Short 4 ESU8s at avg 83.50, target 75.00.

Looking to short NQ U8 at 1914.00 possibly.
 
Also short 5 of the 1300/1310 SPU8 aug call spread from 6.00, looking to hold into expiration for full profit.

Account currently stands at:

Short 5 1300/1310 SPU8 Bull Call Spreads (August)
Short 4 ESU8s from 1283.50. (very close to b/e on these).
 
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