Time to be AGGRESSIVELY SHORT ? IT top forming

I see this VST consolidation should be over either late this afternoon or tomorrow morning unless bad news hits the market ................................

Edited by redfoliage2, 18 May 2021 - 11:24 AM.

Out for a 6 point profit a while ago was thinking I'd be right back in still waiting! 

 

 

I'm sorry just can't help it, took profits at 4149 for a 4 point gain.  Will start selling at 4153 again lol!! 

Hello Sir, 

 

Selling SPX June 4300,   how much margin is required to shorting 1 spx call?  and what broker ?  Thanks a lot!   

 

Morning, had this all typed out last night and forgot to post lol!  The margins depend on what your doing.  Not sure what the cash margin would be right now except that a naked sell would be incredibly high so you would need to do a protective buy to bring it down.  I used to trade the big SP500 futures index but the e-mini has become the most popular as its electronic so much easier and faster.  Margins vary according to your broker but since last years March volatility they have been held higher but at the CME it is listed at $11,000 maintenance right now.  If your limited on capital you could also buy a way out of the money option that would reduce it also, like maybe a 4400.  I could also suggest that you start with the mini emini options as they only have a 5 multiplier compared to the e-minis 50 or the big sp500 250 which to be honest don't even know if its being traded anymore as its been so many years since I've used it lol!  Not sure what the margins are but I'd assume 10 times less.  You'll know as soon as try to place your trade but a great way to learn how to sell options.  The nice thing about selling futures options is that you can sell same month call and put options for one margin as the expiration can only be one place whereas with the cash market you have to put up margins for both sides.  For brokers I am now using Interactive in Canada although have accounts with RJ Obrien America also but don't use them much anymore.  Interactive is simple and easy to use.    

 

The 4300 call is pretty tight and will depend on where we finish this expiration cycle to see if it will be a long hold or not.  I won't know till the weekend but hope it works out for you.

 

Thank you very much for the information. 

Go off to tennis and was hoping for shorts instead it was a sell off.  Trying a long here at 4120 for overnight, not sure I'll hang onto to it all night but hopefully be able to profit stop it!! 

So far it looks going to be a typical OpEx game for the week ....................

Edited by redfoliage2, 18 May 2021 - 07:57 PM.

Extremely busy! 

Opened ES HEDGLE LONG 4106.5

Will update tomorrow

Great two days this week, markets may rally into end of week

But looks quite weak, more selling ahead

Yup should've stuck to my short lol!  My June 4300 calls are looking great now lol!!  Added to my long but will likely have to add more after the open, 4092!! 

So far it looks going to be a typical OpEx game for the week ....................

No not typical, my numbers indicated a down cycle and were just getting there now.  I didn't think we were going to get there either but whatever, should've stuck to my short for the week lol!!  Doesn't matter what happens inbetween that's all wash. 

Hmmmm, I'd say resistance around 4120 but I follow the tape movement more so we'll see.  Think part of this has to do with the crypto sell off.  So hilarious, the pyramid scheme is falling apart! 

Yup should've stuck to my short lol!  My June 4300 calls are looking great now lol!!  Added to my long but will likely have to add more after the open, 4092!! 

 

So far it looks going to be a typical OpEx game for the week ....................

No not typical, my numbers indicated a down cycle and were just getting there now.  I didn't think we were going to get there either but whatever, should've stuck to my short for the week lol!!  Doesn't matter what happens inbetween that's all wash. 

How deep it'll go in the June cycle you think?