Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (5506)	6/25/2000 11:59:00 AM
From: set	Read Replies (1) \| Respond to of 7434

> a real order for a stop on 10 contracts that > would take me to 5 long? you can stop in any time.

To: Gersh Avery who wrote (5506)	6/26/2000 4:27:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to 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.