Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

james_gsx

Who Caught This Yesterday?

Recommended Posts

I know I did :cool:

 

I bought puts, instead of trading the ES. I know, not exactly TL friendly but whatever. I bought July $132 puts at $2.32, now they are trading near $4. Not as big of a gain had I shorted 1 ES contract, but had this trade turned against me it would have been bad.

 

attachment.php?attachmentid=7189&stc=1&d=1214496348

Share this post


Link to post
Share on other sites

I was able to catch this too shorting the futures. For these kinds of trades, I use my "high volitility - higher risk" risk rules; lower position size, and aggressive chasing stops. Luckily, I got in at 1334 and had absolutely no heat. I got out at 1324 nearing support from earlier in the day and as intense selling pressure started to die.

 

Managing risk and the trade is important for these kinds of trades, as you mentioned, because when they go against you, it can be brutal.

Share this post


Link to post
Share on other sites

i bought the 130,131 put sprd up there and reversed out of it this morning shorting the 133,131 put sprd and covered on close for a loss,brilliant,i was hoping for an oversold reversal and it never happened

Share this post


Link to post
Share on other sites
Seeing that this is the candlestick corner, candlestick charts might be step 1.

 

;)

I saw you make the same comment on ET when someone asked about a candlestick pattern (and you replied the same). Well played, good sir.

 

(Oh, he's just a Hershey trader, pay no attention ;))

Share this post


Link to post
Share on other sites
I know I did :cool:

 

I bought puts, instead of trading the ES. I know, not exactly TL friendly but whatever. I bought July $132 puts at $2.32, now they are trading near $4. Not as big of a gain had I shorted 1 ES contract, but had this trade turned against me it would have been bad.

 

 

Can you recommend where I might be able to learn about options on the eminis? I'm a real newb for options, but would like to learn about them and trade them on a swing basis.

Thanks

Share this post


Link to post
Share on other sites
I saw you make the same comment on ET when someone asked about a candlestick pattern (and you replied the same). Well played, good sir.

 

(Oh, he's just a Hershey trader, pay no attention ;))

 

Kinda weird on how on two separate forums there are people commenting about candlesticks yet using bar charts...

 

:confused:

Share this post


Link to post
Share on other sites
Can you recommend where I might be able to learn about options on the eminis? I'm a real newb for options, but would like to learn about them and trade them on a swing basis.

Thanks

 

Before you go out and start trading options on the eminis I would start on the SPY first. You need a solid understanding of all the greeks and how they all work for and against you. Not to mention the options on the futures are expensive, so personally I would rather sell the options and collect the premium while theta and vega work on my side compared to just buying naked calls or puts for short term swing trades. But just about any trading website will talk about options, if you can't find one then investopedia has a lot of stuff, and some good articles on greeks such as position delta, volatility, etc.

Share this post


Link to post
Share on other sites
Before you go out and start trading options on the eminis I would start on the SPY first. You need a solid understanding of all the greeks and how they all work for and against you. Not to mention the options on the futures are expensive, so personally I would rather sell the options and collect the premium while theta and vega work on my side compared to just buying naked calls or puts for short term swing trades. But just about any trading website will talk about options, if you can't find one then investopedia has a lot of stuff, and some good articles on greeks such as position delta, volatility, etc.

 

 

 

Word. The options on futures can be pretty nuts. As you said though you can make a decent amount via calendar spreads etc selling premium with theta on your side. Seems easy the first time you do it. It's not. haha I've made and lost my fair share in options. :crap:

Share this post


Link to post
Share on other sites
Word. The options on futures can be pretty nuts. As you said though you can make a decent amount via calendar spreads etc selling premium with theta on your side. Seems easy the first time you do it. It's not. haha I've made and lost my fair share in options. :crap:

I think you mean "collecting premium". Regardless, I recommend that newbies never short gamma. You're potentially exposing yourself to extreme risks.

 

As a general rule of thumb, even if you've found an "amazing" options strategy... if it's that easy, the edge would be beaten out long before you get there.

Share this post


Link to post
Share on other sites
Guest forsearch
Before you go out and start trading options on the eminis I would start on the SPY first. You need a solid understanding of all the greeks and how they all work for and against you. Not to mention the options on the futures are expensive, so personally I would rather sell the options and collect the premium while theta and vega work on my side compared to just buying naked calls or puts for short term swing trades. But just about any trading website will talk about options, if you can't find one then investopedia has a lot of stuff, and some good articles on greeks such as position delta, volatility, etc.

 

This [thread=3664]thread on Options[/thread] might have more info for ya.

Share this post


Link to post
Share on other sites
Can you recommend where I might be able to learn about options on the eminis? I'm a real newb for options, but would like to learn about them and trade them on a swing basis.

Thanks

search the cboe.com web pages,there is a ton of free info there they want the business and want educated traders so they are glad to provide the material

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
    • UTZ Utz Brands stock, watch for a bottom breakout at https://stockconsultant.com/?UTZ
    • FL Foot Locker stock, nice breakdown follow through at https://stockconsultant.com/?FL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.