damn Tradestation - this trade was showing up still the last min
of the day, now when I look it didn't trigger for the hi mid low,
UGH.
the only reason I even try to send these out before the bell is
because of options - that's why I may consider removing those then
I can just wait until 2 min after the close to fully confirm, which
is when the ETF prices settle.
so I'm going to take off the ETF here in after hr it's actually
up a couple pennies from the close. The option nothing I can do, if
market is down in the morning I just may take it off as I want to
stick to the systems that are actually triggered, which right now
is only one system short from the QE BTS for ES
the image shows the 9 short systems on SPY, the hi mid low at
the bottom middle, didn't trigger like I said earlier
regarding that open SPY PUT option trade you could either close
it out for profits on the open or wait to see how the market reacts
today in case it ends up being an ugly Friday
good man - that's why I think of showing on the website for the
trade lists, minimum 2 contracts makes sense then you have ability
to take scale out (like I have been doing lately with the systems)
and keeping one.
a while back for the MES system trades I took the base amount up
from 1 to 2 contracts, I should do that for the options as well
take it up from 1,2, 3, to 2, 4, 6 - that way
yeah LOL on that ETF retraction yesterday, at least we had to
keep the PUT's
I had forgotten that the Hi Mid Lo triggered a 1st entry short
on ES yesterday, which we didn't take because it's not the version
we typically use, I might have elected to keep that ETF. But the
option ended up being the better bang for buck anyway - SH moves
like molasses
I sent out an alert to sell 1/2 that SPY put option, for those
who did one than 1, I will make a decision later today to hold over
weekend or just close out
Those SPY put options for Dec 16th 390 Strike are now NICELY
profitable! Was purchased yesterday at 25.6, now trading at 28.6.
You can either choose to close it out there for nice profits, or
hold a bit longer and see how Friday develops.
either way don't let that option go back to your entry price
should the market bounce - if the market starts to reverse up make
sure to take it off for some sort of profit
early heads up the open ES short will likely close out today, it
could end up holding if it ends up being a large down day that
would flip it's trend hold indicator red
Waiting until 4:02pm (or :03, :04 or :05) to provide confirmed
signals for System Trades should be no hardship on those wishing to
trade options. 10 minutes is plenty of time to enter
option trades. If you were to just to set your policy
of confirming trades by 4:05pm, that should be satisfactory, as we
would all wait until then before entering trades. This would
take some pressure off of you, and we would all know the ground
rules.
Totaly agree, plenty of time. Also have really been appreciating
advance notices through the course of the day suggesting chance a
trade may trigger, just so we can be readier at
4:02/5!
Posted by DigiNomad on 6th of Oct 2022 at 04:54 pm
SPX trades 24/5, supposedly. I've had some luck placing trades
in it during the out hours, but the spreads are so wide that it
might as well be closed...unless you have an emergency (it
happens). If so, start your bid in the middle and then work towards
the ask in small increments. If your system is set to place bids at
the midpoint, never accept the default bid after you place your 1st
order. In that case, you will often be splitting your half the
spread into another 1/2. Meaning you went 75% towards the ask,
instead of just slightly over halfway between the bid and
ask.
System trade retraction
Posted by matt on 6th of Oct 2022 at 04:45 pm
damn Tradestation - this trade was showing up still the last min of the day, now when I look it didn't trigger for the hi mid low, UGH.
the only reason I even try to send these out before the bell is because of options - that's why I may consider removing those then I can just wait until 2 min after the close to fully confirm, which is when the ETF prices settle.
so I'm going to take off the ETF here in after hr it's actually up a couple pennies from the close. The option nothing I can do, if market is down in the morning I just may take it off as I want to stick to the systems that are actually triggered, which right now is only one system short from the QE BTS for ES
the image shows the 9 short systems on SPY, the hi mid low at the bottom middle, didn't trigger like I said earlier
we can just close out
Posted by matt on 7th of Oct 2022 at 09:21 am
we can just close out that option trade this morning as it will be profitable
regarding that open SPY PUT
Posted by matt on 7th of Oct 2022 at 09:29 am
regarding that open SPY PUT option trade you could either close it out for profits on the open or wait to see how the market reacts today in case it ends up being an ugly Friday
thx Matt, sold 1 holding
Posted by morton7 on 7th of Oct 2022 at 09:39 am
thx Matt, sold 1 holding 1 over
good man - that's why
Posted by matt on 7th of Oct 2022 at 09:41 am
good man - that's why I think of showing on the website for the trade lists, minimum 2 contracts makes sense then you have ability to take scale out (like I have been doing lately with the systems) and keeping one.
a while back for the MES system trades I took the base amount up from 1 to 2 contracts, I should do that for the options as well take it up from 1,2, 3, to 2, 4, 6 - that way
just sold the 2 option.
Posted by morton7 on 7th of Oct 2022 at 09:48 am
just sold the 2 option. nice trade will pay for a subscription for a long time :-)
Nice and LOL
Posted by retirefire on 7th of Oct 2022 at 09:49 am
Nice and LOL
yeah LOL on that ETF
Posted by matt on 7th of Oct 2022 at 09:57 am
yeah LOL on that ETF retraction yesterday, at least we had to keep the PUT's
I had forgotten that the Hi Mid Lo triggered a 1st entry short on ES yesterday, which we didn't take because it's not the version we typically use, I might have elected to keep that ETF. But the option ended up being the better bang for buck anyway - SH moves like molasses
that SPY PUT now trading
Posted by matt on 7th of Oct 2022 at 09:50 am
that SPY PUT now trading for $30, was $25.6 yesterday
SPY Put - Hi Mid
Posted by elementsix on 7th of Oct 2022 at 10:00 am
SPY Put - Hi Mid Lo - Sounds like a bunch of us "accidently" covered for nexts year's subscription cost with that trade! #WhatPriceIncrease
I sent out an alert
Posted by matt on 7th of Oct 2022 at 09:55 am
I sent out an alert to sell 1/2 that SPY put option, for those who did one than 1, I will make a decision later today to hold over weekend or just close out
Those SPY put options for
Posted by matt on 7th of Oct 2022 at 09:35 am
Those SPY put options for Dec 16th 390 Strike are now NICELY profitable! Was purchased yesterday at 25.6, now trading at 28.6. You can either choose to close it out there for nice profits, or hold a bit longer and see how Friday develops.
either way don't let that option go back to your entry price should the market bounce - if the market starts to reverse up make sure to take it off for some sort of profit
Steve Miller time ... take
Posted by retirefire on 7th of Oct 2022 at 09:37 am
Steve Miller time ... take the money and run Thanks Matt! will reevaluate by Steves ES levels next
ha ha nice - good
Posted by matt on 7th of Oct 2022 at 09:41 am
ha ha nice - good song too
A great trade!
Posted by steverobin on 7th of Oct 2022 at 09:31 am
A great trade!
early heads up the open
Posted by matt on 7th of Oct 2022 at 09:24 am
early heads up the open ES short will likely close out today, it could end up holding if it ends up being a large down day that would flip it's trend hold indicator red
Waiting until 4:02pm (or :03,
Posted by Ray on 6th of Oct 2022 at 04:56 pm
Waiting until 4:02pm (or :03, :04 or :05) to provide confirmed signals for System Trades should be no hardship on those wishing to trade options. 10 minutes is plenty of time to enter option trades. If you were to just to set your policy of confirming trades by 4:05pm, that should be satisfactory, as we would all wait until then before entering trades. This would take some pressure off of you, and we would all know the ground rules.
Totaly agree, plenty of time.
Posted by bosco on 6th of Oct 2022 at 05:12 pm
Totaly agree, plenty of time. Also have really been appreciating advance notices through the course of the day suggesting chance a trade may trigger, just so we can be readier at 4:02/5!
If futures tank tonight I
Posted by retirefire on 6th of Oct 2022 at 04:51 pm
If futures tank tonight I can buy SPY to offset and cap gain or loss
SPY, SPX and XSP options
Posted by DigiNomad on 6th of Oct 2022 at 04:48 pm
SPY, SPX and XSP options trade until 4:15
More generally speaking - ETF and CBOE index options trade until 4:15.
SPX trades 24/5, supposedly. I've
Posted by DigiNomad on 6th of Oct 2022 at 04:54 pm
SPX trades 24/5, supposedly. I've had some luck placing trades in it during the out hours, but the spreads are so wide that it might as well be closed...unless you have an emergency (it happens). If so, start your bid in the middle and then work towards the ask in small increments. If your system is set to place bids at the midpoint, never accept the default bid after you place your 1st order. In that case, you will often be splitting your half the spread into another 1/2. Meaning you went 75% towards the ask, instead of just slightly over halfway between the bid and ask.
I always take the midpoint
Posted by brophy on 6th of Oct 2022 at 05:28 pm
I always take the midpoint on my option spreads, but good points.