Here's an Index Trading that should do you well.
Rules-- ( Everything in life seems to start out with rules.)
1. Use this thread --only-- for watching the signals. Use "Comments on The Sages Index Option Trading Program" to discuss whatever you'd like.
2. Signals will be given a day or two ahead of time. (Being a Sage, I should be able to predict the changes, eh ?)
3. When the signal is given, it will come in this form: "Go Short near the opening Tuesday, October 3rd."
4. On the signal day, buy the put or call of either the SPX or the OEX within the first 15minutes of the trading day.
5. At the next signal, sell your present position and enter the new one.
6. Sometimes the signal will hold over a month or more. Roll your positon over on the Friday of the second week of the expiration month.
To keep track of the positions and the trading record, I'll use this thread only for the purpose of trading signals. Since some of the trades are long, I'll give a weekly update. |