don't you even consider the triple-witching pinning/pegging effect? And where the open interest on various stirkes will play out...??!
for these trades I keep it simple...I just look at volume pressure throughout the day and the price action in relation to the "Daily" charts for the ES. Chris
Y'all better look out because AMT only has a couple more weeks until he goes trading full-time! How's life at Hobby Airport?
Hobby is wet and sticky as usual! Even when the temperatures are lower? That is why I live in Austin...much better climate...dryer and more sunshine! Chris
The SHORTS may be surfing the Mutual Fund "hey we can't pass up these highs" early year end sell off portfolio house cleaning. Chris
Covered about 40% of my position at 1067.00 and 1067.50. Will hold the rest overnight looking for a re-test of the 12/12 LOD at 1065.50 for the ES. Chris
What is that almost 20 pts per contract? You probably made more cash today then some of us have in our trading accounts :eek: Great trading! I'm surprised you're still holding 60% of your position for 2 pts though. Takes a lot of patience to do that. God knows, I would have covered 100% at 1067 -Fast
Looking for re-test of the ES 1065.50 area (12/12 LOD), and if this area breaks through then I will stay in my position for the next target test. 1065.50 was the area I was looking for to decide if I would cover all positions (support holding with no failures) or stay in the position for a bigger move south. Fast, as usual this was a mental target for position re-evaluation. I did cover a portion of my position today because of the severity of todays drop. Will see what happens tomorrow. Good Fortunes! Chris