5 replies to this topic

[eminimee]

added to oex puts...now have 200 at average cost of 8.75....oct 730s....mental stop above oex 731. Short ES at 1572.50 mental stop on es at 79.50 but maybe adding somewhere up there if we get there....

Edited by Teaparty, 09 October 2007 - 02:13 PM.

[eminimee]

that should read "averge price 8.25

[bliss just missed]

that should read "averge price 8.25

Curious, you're down about $40k on this trade with the puts currently trading around $6.3 as of 2:40 cst......where is your stop and do you have this on as a spread? Going into opex next week, which is typically an up week, how are you hedging this trade?

With another $126k on the line, curious what your thinking here? Good luck!!

[eminimee]

I've been trading an es hedge as I mentioned last Friday when I started building the position ....so I'm down a bit but not much. Today is the first swing position on ES .......I've given my stops above.

[eminimee]

Oct 5 2007, 10:21 AM Post #4 Member Group: TT Member+ Posts: 9622 Joined: 20-September 03 Member No.: 99 Agreed....I just wish it would get it done. I'm in oct oex 730s ...just bought at 9.50 and 10 and will add. Will trade ES both ways as a trading hedge . flat es at the moment. Won't be updating those trades though.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=5&yr=0&mn=0&dy=13&i=p18432484797&a=106624082&r=3351.png