another position

bought 1/-2 calendar es nov/oct 1000/1000 Put at $6.25

new position using ES at 9/15/2009

bought 1/-2 calendar es nov/oct 1000/980 Put at $8.25.

Taking advantage of pullback

With an increase of volatility today, I sold 1 contract of ES April 700 put at $1.4 and 1 contract of ES Apr 695 put at $1.1 with my future account.

The market is still bullish in my opinion. A pullback will neutralize the overbought conditon, and the market can go higher.

Total credit today (excluding commission) = $125
Total debit for the portfolio = $2,135

e-mini day trading

Today I started day trading e-mini again. Unlike trading options, there is no historial evidence that i can make money with trading e-mini.

For the purpose of developing multiple strategies to make money in this market, I think it is a very good idea to trade e-mini intraday while trading options for a longer term.

NQ (Nasdaq 1000 future) seemed weaker today, but i expected a reversal before close. Expecting a sharp reversal at around 3 pm, I longed NQ at 1046.5 at around 2:55 pm. A sharp reversal didn'tcome and so at 3:05 pm, i covered it back at 1047. The reversal came after 3:30 instead. Too bad that i was out and didn't catch the 3:30 reversal.

Gross profit +1 point.