----- Original Message -----
Sent: Tuesday, May 17, 2005 9:34
PM
Subject: Re: [e-mini_traders_anon]
Re: sp500
Hello Janice
back in 1992-1993 I did program
trading
here are the steps an
institution do before we initiate the
trade
first prudential Bach
securities and met life and other big guys had a martini
lunch to agree to work together
then when we wait until market
is oversold,
(3 day trin at 5 day hi 5 day trin at
8 day high and 8 day trin at 13 day high),
Now we agree to start the buy
program,
day 1
we buy calls on IBM
and all the highest % weight in the index at that
time,
then we sell puts on the same
stocks,
then with a conference call ,
push the computer enter at the same time from 5 brokerage
firms,
that got stocks bought and
futures bought, every 10 seconds 50000 order
for all 5 stocks,
Dow sp and NASDAQ runs 50-75
points
we then start
closing the positions, a buy back the puts at nice
profit , then buy the puts long, then sell the stocks at
profit, and the calls on the stocks at profit,
then sell the futures to close at profit then,
sell futures short,
now Dow and sp comes down
50-75 points
we sell the long puts and close the
short futures and buy back the short stocks,
so
EVERY instrument makes money, the
call, puts, futures, and stocks, (going up and going down),
as for evaluation of where will sp close on
Fri. expiration
if for example you see 1150 puts open
interest is 6 times the open interest of 1150 calls
that means it is not going to close under 1150
have a nice day
Ben
----- Original Message -----
Sent: Tuesday, May 17, 2005 7:28
AM
Subject: Re:
[e-mini_traders_anon] Re: sp500
Hi Ben--I am new in the group so trying
to learn my way around--good call--but kind of wondering if you have a
post anywhere how you come at your work.
I have a potential range right now of
1181--1107 for this quarter--but the contrarian in me says if too many
people are on this boat we could bottom after this week much higher
and run all the way back to 1209. Much of my work comes
from trying to figure out program trading and option pricing--pretty
good system on a daily basis but have to do a lot of guess work and
working with charts for the longer term.
Have a slam day potential over the next 3
days-- will come from the excuse of the inflation news but they got
too many puts that need to become worthless and that means to me we
got to have thurs/friday back above 1171 and 590 on russell.
Also can you tell me how to post --I
really do get some good information some of the time and would love to
share--with people who can appreciate the information and do something
with it-- I have been at this game for 20 years and I do some
unusual things that I will not bore people with but much of the
porgram trading information is great for short term traders.
Thanks
janice
----- Original Message -----
Sent: Monday, May 16, 2005 2:04
PM
Subject: Re:
[e-mini_traders_anon] Re: sp500
we should visit 1180 by 5/19
thats the
time and price to short, objective to 1120 by 6/1/05
-----
Original Message -----
From: "Ayman Abu-Mostafa" <
Ayman1@xxxxxxx>
To: <e-mini_traders_anon@xxxxxxxxxxxxxxx>
Sent:
Monday, May 16, 2005 12:34 PM
Subject: [e-mini_traders_anon] Re:
sp500
> --- In e-mini_traders_anon@xxxxxxxxxxxxxxx , Ben <profitok@x...>
wrote:
> we should be putting in another top on 5/19
>
and head under 1140 and bottom 5/25-5/30
>
>
> Hope your crystal ball is not foggy as I am short
the mini :-)
>
> --Ayman
>
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