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: Brister who wrote (5871)	7/15/2000 7:29:15 AM
From: Patrick Slevin	of 7434

I ended up forgetting about the trade; to be honest I don't even know, yet, what happened yesterday. It is raining this morning else I would be gone by now. On the other issue I had been planning to retire in a few years anyway. That's why I've been messing with position trading strategies on and off for the last two years or so. The money for college has been put aside, the house is almost paid off and there is really no pressure. Downstream the house will be too large and we will buy a place at the Jersey shore or perhaps in Manhattan. 10 years ago when this was just starting in earnest the kids were all under 10 years old....now it's not so important. PREM is used by some people to judge quick turns in the Futures markets. The difference between the Futures and Cash, programs tend to hit based on if this spread is narrow or large. So SnP Traders use it as a signal for plausible entries or exits. Sell Programs kick in on narrow PREM and vice versa. There is a blurb on it somewhere on this site........ programtrading.com Slight bit more detail, here. programtrading.com I suppose they are not telling you that much there, but there may be something on that site if you root around a bit.

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