Trading the SPOOs with Patrick Slevin! Message Board

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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: Gersh Avery who wrote (5506)	6/26/2000 4:27:00 PM
From: Patrick Slevin	Read Replies (2) of 7434

<5 short. Can I put in a real order for a stop on 10 contracts that would take me to 5 long?> Certainly. If you are Short 5, for example, from 1505 and you wish to reverse if the market rallies to 1490 then you just enter a GTC Stop for 10 at 1490.00 Messing around with Tradestation, I believe I may have hit on a simple manner of determining the 3 sigma price level to determine where I should write Butterflys. Haven't done that in years, primarily because I would have to sit down and determine where the spreads should be. This may make it a quick visual operation. I'll let you know how it works out on paper for awhile. Still not trading much; might try a high risk trade in preparation for FedSpeak tomorrow.

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