You got it. The key was that the YM was all screwy and the NQ and ES were not percentage wise following the YM (by HUGE amounts.) But you had to understand rules, do quick calculations, be quick on you feet, and then take a (HUGE) risk.Quote from Gordon Gekko:
nitro,
i just tried to PM you, but your box is full. this was my intended message to you:
nitro,
if you saw a suspicious ES spike, would you trade SPY instead of ES because the ES trade might get busted? if that's the reason, are you sure the SPY trade wouldn't get busted, too?
thx
However Gordon, I cannot emphasize enough how dangerous this kind of play is. I wish I had options historical data to see what happened to the index futures options volatility. If they did not go thru the roof, IMHO, that may have been the venue of choice. Even there, you might have sold the in the money calls and bought out of the money calls (assuming the strikes were even avaliable - LOL...)There are a million ways to think about things, and a market that has been set up "correctly" always has a strategy that accomidates a particular event.
nitro

