<b>ES 50 contracts, one turn short, -1.0pt = -$2,500</b>
Expiry Friday, usually great or terrible to trade. Expiry Friday 11/2005 was terrific morning action... not today. To think, I used to revolve my life schedule around trading SPX inside option expiry week from 1999 thru 2002. Times sure do change.
ER one turn, short 790.00 = trailed out 788.00 after 787.00 printed.
Each short trade was entered at the exact-same time... ER covered viable distance from there, ES did not.
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Same story in comatose market conditions: ER covered $430 per contract value, ES covered $200 per contract value total inside first hour of pit session. ER is relatively easy to trade, ES needs normal range coverage on the chart to be viable.
Done for the day... have a great weekend!