Lottery Play.
The marketmakers are betting that SPY will not go down to 118 and below by May 21. They are willing to bet 4 to1.
Buy SPY MAY 119 put. Sell SPY MAY 118 Put. Debit 0.25.
If the SPY drops to/below 118 , that Vertical spread pays out at $1.00.
Good Timing
I'm trading Carl's range today. Long SPXU at 26.80.
$NDX 2039.97 =100.22% off lows$RUT 725.13 =111.66% off lows
$DJI is @ it's last daily containment pt. (11,136)http://www.flickr.com/photos/47091634@N04/45235…Should the $DJI bust through these last 2 then a stampede may ensueHere's a chart of the $RUT after it broke through it's last daily containment on 3.9.2010http://www.flickr.com/photos/47091634@N04/45235…
Good point.
I have one friend who has already done that, and another couple is planning to do the same. Strategy default.
It means they bet on the wrong side of the trade, and their money is now in the other party's account.
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1198 – 1210. It looks like the ES will drop 30 points or more from the 1210-15 target zone.
1196 -1207.25 actual yesterday (11.25 points) 1201 low last night 1198-1210 estimate for today (12 points)
1204 currently, so estimate is -6 to +6 from here (neutral)
I guess harvest means the end of the growing season, meaning they pulled out. Thanks Sun – this is more important than anything.
By harvesting do you mean gathered (bought equities) or sold them (received the benefits from an action).
Lottery Play.
The marketmakers are betting that SPY will not go down to 118 and below by May 21. They are willing to bet 4 to1.
Buy SPY MAY 119 put. Sell SPY MAY 118 Put. Debit 0.25.
If the SPY drops to/below 118 , that Vertical spread pays out at $1.00.
Good Timing
I'm trading Carl's range today. Long SPXU at 26.80.
$NDX 2039.97 =100.22% off lows
$RUT 725.13 =111.66% off lows
$DJI is @ it's last daily containment pt. (11,136)
http://www.flickr.com/photos/47091634@N04/45235…
Should the $DJI bust through these last 2 then a stampede may ensue
Here's a chart of the $RUT after it broke through it's last daily containment on 3.9.2010
http://www.flickr.com/photos/47091634@N04/45235…
Good point.
I have one friend who has already done that, and another couple is planning to do the same. Strategy default.
It means they bet on the wrong side of the trade, and their money is now in the other party's account.
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1198 – 1210. It looks like the ES will drop 30 points or more from the 1210-15 target zone.
1196 -1207.25 actual yesterday (11.25 points)
1201 low last night
1198-1210 estimate for today (12 points)
1204 currently, so estimate is -6 to +6 from here (neutral)
I guess harvest means the end of the growing season, meaning they pulled out. Thanks Sun – this is more important than anything.
By harvesting do you mean gathered (bought equities) or sold them (received the benefits from an action).