ES 4477 is yesterday's low, and we are approachingMcInnis 03 said:
I wont' trust this action until after 10:30a when London is out.
Tested ORL twice on XSP (spy) and each mostly held.....I could see one last shakeout and then a decision.
What timeframe do you have that one to show 5:13, 6:13, etc?BREwmaster said:
VIX chopping, but not seeing much buying either
3 minute candles, ymmv, I find it's a nice in between, between 1 and 5 minute.OutlawAG04 said:What timeframe do you have that one to show 5:13, 6:13, etc?BREwmaster said:
VIX chopping, but not seeing much buying either
Dan Scott said:
NVDA starting to show signs of life. Cmon baby bounce back
Do I have any teammates on this one?McInnis 03 said:
EOD lotto here, taking XSP 450c for today. Cash settled so I don't have to worry about it. I'm buying this on the "it's near today's ES LOD and it's yesterday's LOD as well" so I like the R/R here. $.90 ea
what's the advantage of trading XSP over SPY?McInnis 03 said:Do I have any teammates on this one?McInnis 03 said:
EOD lotto here, taking XSP 450c for today. Cash settled so I don't have to worry about it. I'm buying this on the "it's near today's ES LOD and it's yesterday's LOD as well" so I like the R/R here. $.90 ea
If this is your first time on XSP, it's unlike a typical option as it is a euro-style option. It cash settles meaning no shares to worry about.AgEng06 said:
In at 0.80 after I closed 30k's 450P for a profit. Now let's go bulls!
So does this pay $100 per $1 SPX closes over 450? Is that how it works? (minus premium, in my case $80)
I think this will work.McInnis 03 said:If this is your first time on XSP, it's unlike a typical option as it is a euro-style option. It cash settles meaning no shares to worry about.AgEng06 said:
In at 0.80 after I closed 30k's 450P for a profit. Now let's go bulls!
So does this pay $100 per $1 SPX closes over 450? Is that how it works? (minus premium, in my case $80)
If you buy a 450c and at expiration the equity is at 450.18 you'll get .18 x 100, 452.00 would net you $2.00 x 100.
And if it's under 450 you get zilch. I like these on Fridays because you can get your lotto and walk away and truly let it zero or hero.
And all of my risk-off strategies work here too. Say I buy the 450c for $.90 and then a runup happens and I sell the $452c for $.90. I now have a zero risk 2-dollar wide vertical spread.
