ES Journal - 2023/2024

Discussion in 'Journals' started by Buy1Sell2, Dec 6, 2022.

  1. Picaso

    Picaso

    Anyone knows what's the sweet level for tomorrow's expiration?
     
    #8251     Jun 20, 2024
  2. donnap

    donnap

    TWD with a full moon. OMG! What does that mean? :D
     
    #8252     Jun 20, 2024
  3. schizo

    schizo

    It means all three witches will be coming for you: equity, index and futures options all expire.
     
    #8253     Jun 20, 2024
  4. If I wasn't scared before, I am now!
     
    #8254     Jun 20, 2024
  5. Zwaen

    Zwaen

    Did anyone buy puts at start of day?
     
    #8255     Jun 20, 2024
  6. mervyn

    mervyn

    buy puts are waste of money, rather sell naked calls, as many do.
     
    #8256     Jun 20, 2024
    Zwaen likes this.
  7. Zwaen

    Zwaen

    I sometimes do this as a form of profit taking on (longer exp) calls, sell shorter term high iv calls as a form of buy write (not purely naked)
     
    #8257     Jun 20, 2024
    vanzandt and Laissez Faire like this.
  8. mervyn

    mervyn

    i knew a guy who does this daily, park his quarter mill cash in bills and sell spx/spx calls, 2% above the open price.
     
    #8258     Jun 20, 2024
    vanzandt, Zwaen and Laissez Faire like this.
  9. Zwaen

    Zwaen

    2% seems like a good number, I once tested for optimal buy write percentage which - for spy - was around 1.5% above closing price (weekly calls). Better to adjust the percentage based on expectations/drawdown market, but ofcourse difficult to achieve
     
    #8259     Jun 20, 2024
    flash crash and Laissez Faire like this.
  10. upload_2024-6-20_22-12-9.png

    Take a wild, wild guess why the sell-off stopped at the indicated MA! :sneaky::sneaky::sneaky:
     
    #8260     Jun 20, 2024