ES Journal Archive (2011)

Good job.
If you are making consistent money trading spreads - more power to you...I looked hard into options long ago and just could not overcome the double whammy of decay and the bid/ask spreads. I realized owning/selling the underlying security was a better place for me.

 

With SPY options you get really good bid ask spreads most of the time especially in and around ATM. They are very liquid. I have a guess and just a guess most of the traders that are killing it with options have floor experience or are on the floor presently - I could be wrong.

 

This post was incorrect. I was looking at the wrong thing.

 

those that went long with no stop today, profited. But those that went long with stop lose

 

I tried to make some easy money by selling calls last week but nobody seemed to be stupid enough to take the offer. Finally, I just gave up. Why is it so easy for everyone else but me?

 

Because they didn't have their mojitos.



Schhhhhizzzzo. Have some mojitos with me, volente, and leterum

 

You really are a genius. Why I haven't figured this out earlier is beyond me.

 

Only men? No thanks.

 

u have not had any mojitos lately

 

That does not look like 119650 to me.

By the way, are you trading ES minis or spreads?