There is a decent amount of economic news that could add a bit of push to the open one way or another. It should be interesting...
Optioncoach has a good chance to escape without any damage from this situation (about 50% with this ES-level) but the stress remains until the end. "No guts, no glory" lol
Yeah...from the MM Winner side! From the Retail Loser side - MY side! - it's a pain if you get pinned, or sweat out a close one. Good trading to all.
I think you need stones to do this for a living and they have to be big since we put em on the line day in and day out! I am quite happy with today's close at 1226.50 and I have 4.50 of room on the settlement tomorrow before any loss occurs and I feel confident that 2 things will happen: 1. Profit taking and a flat to down open. 2. Mild opening I will see tomorrow AM! Hope no upset stomachs were caused lol. I was anxious in the opening but after the market pulled back to 1225 or so early on, I just felt the rally did not have the legs to close above 1230. Technically no out of the woods so......... Hoepfully this riskier trader was educational for you and profitable for me. I now take you back to your regularly schedule deep OTM call and put spreads. Phil
6 points. The SPX settlement value has not deviated > 6 points from the LTD[today's close to tomorrow's opening print/SET] in recent memory
In 2001 the SPX settlement deviated from the closing price as much as 40 pts. The mid-90's was pretty wild too. Admittedly Vol was higher then....but it can get nutty.