Yeah, I just meant he could take heat with 3k trading a couple shares of SPY, you can't take much heat in ES with 3k, you're right to the tick or...
Realistically, should be trading a couple of shares of SPY at a time, but PDT was meant to 'protect' you from stocks...and instead throw you to...
Sept spread is b/e the day before expiration. Good simulation of how it handles a quick move up. Sustainable, but needs those neutral days...
'ES-NQ' spread is just short ES without a stop. Look at Feb-April timeframe, no pullback until Greek riots/flash crash. Need a macro event.
Didn't get to update yesterday. Made one adjustment for the October spread: +2 114 calls @ 1.52. Both the Sept and Oct spread sit...
Spread has actually made it back to b/e, a couple of days of neutrality is all it needed. That said, you throw in the slippage to get out of this...
Strong bounce off of the 8:30 #'s, so: -4 113 puts @ 2.60. 109 SPY is the Maginot line for a downside adjustment, market seems neutral to up...
Did some calculations, selling back everything on bid, buying back everything on ask, simultaneously, would lose +/-$400 as opposed to the...
Price has come in a little and the spread isn't looking too bad for now, -260 deltas here at 110.10. Delt neutral around 109 SPY. Moderate...
NFP pushed price near the upper b/e, so, -2 111 puts @1.87. Broadens out upper b/e some more but now the downside risk just looks...
Alright the spread got ugly pretty quick here, it was what I was hoping for initially but now some other problems are present. 1. Execution....
SPY flirting with 109 SPY, another adjustment: -2 110 puts @ 2.72. This widens out the upper breakeven a little, giving more time for some...
Moved higher overnight to around that 1064 range, was sitting on a decent +200 unrealized after the open, then ISM came out. Bought upside calls...
We did get down to around 1037.50 around Europe opening, but another bounce off that level, I guess S&R traders are liking the range. The spread...
At market close the spread is delta neutral around 105.08, position is pretty much breakeven/slightly positive. Was looking for the worst but...
Last night we moved through 1070 on the BoJ announcement/Nikkei strength, I was looking at the ES chain in case I had to make an overnight...
Reviewing the spread after market, Monday I would factor in 1080/108.50 on SPY as an upside target, p/l would be roughly around -$500 there...
Two adjustments. Short -2 103 calls @ 3.64 as we headed south off of Bernanke @ 10am. Premature decision by me, planned not to hedge...
Okay basically its like a short straddle but its skewed a little bit so it has extreme upside risk and a fixed loss on a bearish move. To me, I...
Keeping a journal of a simulated option spread in SPY. This is a good time to put it on, market 'oversold', because it has the most risk to the...
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