16 replies to this topic

[eminimee]

Dropped half of the ES hedge at 1455 taking 7 points on a 30 lot. Still long 30 from 1448.

[eminimee]

Dropped other 30 ES partial hedge at breakeven at 48.....and put 30 back on long at 42

Edited by Teaparty, 09 February 2007 - 01:53 PM.

[eminimee]

At 3pm I've gone fully hedged again against the puts putting on another 30 ES on at 38...so I'm long ES a 60 lot at average cost of 1440 and locking in today's gains on puts. Trading hedge if I use ES trading at 1440 is now up ....10500 Locked in profit on puts as of right now with them trading 9.20 X 10.20, taking the middle of that at 9.70. 9.70 - 8.10 =1.60 X 25000 = $40,000.00 Total gain of approx. 50,500 If anyone wants me to continue to update...let me know..I don't really want to because it's a pain. The purpose was to show how I trade around a big option position to give some ideas.

[slatedrake]

If anyone wants me to continue to update...let me know..I don't really want to because it's a pain. The purpose was to show how I trade around a big option position to give some ideas.

If you get the chance, your updates are appreciated. Very informative.

Thanks Tea, and congrats on some great trades

Slate

Edited by slatedrake, 09 February 2007 - 03:15 PM.

[eminimee]

Sold 60 ES that I was long from Friday at 1444. Average price on that long was 1440. Mental buy stop at 1446.50

Edited by Teaparty, 12 February 2007 - 08:12 AM.

[eminimee]

back fully hedged against put delta at 1439...

[eminimee]

Bleeding some of those puts off...have sold 100 average 9.80. Reduced ES position by 20 at 1440