/ES hedge

#Futures – A little more basis improvement on the short /ES hedge…so far keeping up with the rise. Should pay off someday when we get an Aug 2015 repeat.

SOLD /ES AUG 17 (Wk3) 2325 PUT @ 11.00

/ES hedge

#Futures – Love having some protection up here while gradually raising the basis.

I’ll take assignment Friday of a short /ES position @ 2396 basis. Sold a Jul 2400 put against it @ 27.00. That’s nicely profitable now so setting a stop on it at breakeven. Since it’s basically safe I’m adding an Aug put also.

SOLD /ES AUG 17 (Wk3) 2350 PUT @ 16.50

If we tank from here I’ll get stopped out at even on the Jul put and can then ride the short /ES down to 2350 and then decide where to roll the Aug put. Still decent downside protection but also the ability to raise the short basis all the way to 2440 if we don’t implode.

EDIT…actually it looks like Jun contracts expire Friday. I’ll need to roll that call out a week and then take assignment of the Sep contract.

YM Trades after 5pm


The UK event spooked the mkt at the 5pm open..gave me a chance to go long at the low of a 100 gap down..

Long at 21080, on the knee jerk reaction…
Exit at 21145 for a 65 point win

Long at 21128, off the S1 PP
exit at 21163, at the 34ma
35 pt win

a Nice headstart for friday..

/CL strangle

#Futures #ShortStrangles – Following hcgdavis into the oil fields…

SOLD /CL AUG 17 45/55 STRANGLE @ .83

/ES hedge adjust

#Futures – After a couple rolls down earlier this week I managed a small profit so re-setting for June.

BOUGHT /ES MAY 17 (Wk3) 2350 CALL @ 19.75 (sold for 28.50)
SOLD /ES JUN 17 2370 CALL @ 26.00

Record Day in YM


From 5pm Last night thru 3pm today, I had a record day..
365 Points gained in the 23 hour trade session…

Have to love IV…


/ES hedge

#Futures – Looks like I’ll be taking a short position this Friday with a basis of 2387. Pre-selling a put against it to raise the basis even further while still giving a little room for some profit on a pullback.

SOLD /ES JUN 17 2400 PUT @ 23.50