traded the ES today. some crazy stuff. up around $187 early, but then the market started rallying; it might be due to short coverings, or the treasury's new plan to revamp the regulators in the financial markets. i sold 2 more ES contracts trying to bet it going down. then i was down nearly half a grand. was about to sell it off @ $1230ish, but then it started to slide and then i held it down and sold it contract by contract. ended the day with the ES at +$187 but commissions ate into earnings.
i also negotiated the commissions with TOS. sweet! $3 per futures contract and i think $1.99 per option.
i also sold a five naked calls of best buy.
| 3/31/2008 9:07:11 AM | SINGLE | SELL | -5 | BBY | 100 | Jun 08 | 47.5 | CALL | $1.05 |
i think i'll sell 5 SPY calls too if the sp500 rallies.
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