Trade details

Instrument:
Notes: Consistent with my short-term bullish outlook I'm picking up some March EOM $ES 800 calls at $4 ea.  I'm thinking we'll re-test the 800 resistance level over the next week or so.  Should this happen these calls will easily triple in value.  If not, at worst I've lost $200 per contract purchased.  I'll take those odds. Keep in mind these are EOM options which expire on 3/31.  So that gives me more time than the March quarterlies.  An extremely bullish trader could buy the Mar quarterly 800 options right now for about $1 a piece.  But we've got to move quick for these to profit.

Good idea.  Like you said worst case is you lose $200 per contract, just make sure you size it accordingly.

buffettman 1167 days ago

Working well for you already it seems.

eminiwiz 1167 days ago

Closed Friday near the close for 8.50 ea.  Not bad for a week's work.

aa411853 1164 days ago