Exposing Ideas to the Envelope of Serendipity

Contact moo at: bluechipbulldog@gmail.com

Wednesday, May 20, 2009

Listening to the Market

An astute follower (who wishes to remain anonymous) of this blog sent me an email to thank me for helping them make the most money in a single day.

They simply took my range of /ES 905-923, and shorted the market by buying front month puts on SPY when /ES hit 923.

Now how smart was that? 

Continuing reading the email, I then see they bought front month SPY calls when /ES hit 903, 2 points below my 905 estimate.

I think they will do well tomorrow.

Hope you all did as well.
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