How high goes the rally on Obama infrastructure spending?

[HereWeGo]

It’s amazing the nonchalance with which triple digit futures moves are treated these days, especially given the current level of the Dow. Unless the futures are limit up or limit down, it’s just another day.

[stockstradr]

“futures”
?
But all my money is in 401K and ROTH. I don’t believe I can trade futures, which are distinctly different from options.

I do trade index options and equity / stock options, but for betting on the indexes, at least the leverage with the ProShares ETF’s is conveniently clear: either 1X or 2X, and now others offer the 3X. That is cut and dry. Options are not. Those ETF’s are just managed collections of shorts and option positions anyway.

My big regret about the options is that obviously I should have just bought the waay out-of-money puts ahead of the big October fall off the cliff. I knew that crash was coming (as did others on here). Many of those out-of-money puts on the indexes were initially priced at $0.10 to $0.50 and some ended up paying even 50:1 returns. Ahh, hindsight is 20:20.

So, yes, there are defnitely situations where it is more efficient to bet with market instruments OTHER than the ProShares ETF’s.

[stockstradr]

“futures”
?
But all my money is in 401K and ROTH. I don’t believe I can trade futures, which are distinctly different from options.

I do trade index options and equity / stock options, but for betting on the indexes, at least the leverage with the ProShares ETF’s is conveniently clear: either 1X or 2X, and now others offer the 3X. That is cut and dry. Options are not. Those ETF’s are just managed collections of shorts and option positions anyway.

My big regret about the options is that obviously I should have just bought the waay out-of-money puts ahead of the big October fall off the cliff. I knew that crash was coming (as did others on here). Many of those out-of-money puts on the indexes were initially priced at $0.10 to $0.50 and some ended up paying even 50:1 returns. Ahh, hindsight is 20:20.

So, yes, there are defnitely situations where it is more efficient to bet with market instruments OTHER than the ProShares ETF’s.

[stockstradr]

“futures”
?
But all my money is in 401K and ROTH. I don’t believe I can trade futures, which are distinctly different from options.

I do trade index options and equity / stock options, but for betting on the indexes, at least the leverage with the ProShares ETF’s is conveniently clear: either 1X or 2X, and now others offer the 3X. That is cut and dry. Options are not. Those ETF’s are just managed collections of shorts and option positions anyway.

My big regret about the options is that obviously I should have just bought the waay out-of-money puts ahead of the big October fall off the cliff. I knew that crash was coming (as did others on here). Many of those out-of-money puts on the indexes were initially priced at $0.10 to $0.50 and some ended up paying even 50:1 returns. Ahh, hindsight is 20:20.

So, yes, there are defnitely situations where it is more efficient to bet with market instruments OTHER than the ProShares ETF’s.

[stockstradr]

“futures”
?
But all my money is in 401K and ROTH. I don’t believe I can trade futures, which are distinctly different from options.

I do trade index options and equity / stock options, but for betting on the indexes, at least the leverage with the ProShares ETF’s is conveniently clear: either 1X or 2X, and now others offer the 3X. That is cut and dry. Options are not. Those ETF’s are just managed collections of shorts and option positions anyway.

My big regret about the options is that obviously I should have just bought the waay out-of-money puts ahead of the big October fall off the cliff. I knew that crash was coming (as did others on here). Many of those out-of-money puts on the indexes were initially priced at $0.10 to $0.50 and some ended up paying even 50:1 returns. Ahh, hindsight is 20:20.

So, yes, there are defnitely situations where it is more efficient to bet with market instruments OTHER than the ProShares ETF’s.

[stockstradr]

“futures”
?
But all my money is in 401K and ROTH. I don’t believe I can trade futures, which are distinctly different from options.

I do trade index options and equity / stock options, but for betting on the indexes, at least the leverage with the ProShares ETF’s is conveniently clear: either 1X or 2X, and now others offer the 3X. That is cut and dry. Options are not. Those ETF’s are just managed collections of shorts and option positions anyway.

My big regret about the options is that obviously I should have just bought the waay out-of-money puts ahead of the big October fall off the cliff. I knew that crash was coming (as did others on here). Many of those out-of-money puts on the indexes were initially priced at $0.10 to $0.50 and some ended up paying even 50:1 returns. Ahh, hindsight is 20:20.

So, yes, there are defnitely situations where it is more efficient to bet with market instruments OTHER than the ProShares ETF’s.

[peterb]

Options that are deep inthe money usually have a delta near to 1. That’s a good way to play them. You can usually get the deal for about half the stock price.

Future’s are an animal I dont know much about and move with amazing speed and leverage. With ETF’s it’s slower world where I dont get the short squeeze as well. I dont ever stay in them very long anyway. I guess if I really understood futures better it may be a way to go. But I’ve heard the ES is not the kind of thing to be in very often.

[peterb]

Options that are deep inthe money usually have a delta near to 1. That’s a good way to play them. You can usually get the deal for about half the stock price.

Future’s are an animal I dont know much about and move with amazing speed and leverage. With ETF’s it’s slower world where I dont get the short squeeze as well. I dont ever stay in them very long anyway. I guess if I really understood futures better it may be a way to go. But I’ve heard the ES is not the kind of thing to be in very often.

[peterb]

Options that are deep inthe money usually have a delta near to 1. That’s a good way to play them. You can usually get the deal for about half the stock price.

Future’s are an animal I dont know much about and move with amazing speed and leverage. With ETF’s it’s slower world where I dont get the short squeeze as well. I dont ever stay in them very long anyway. I guess if I really understood futures better it may be a way to go. But I’ve heard the ES is not the kind of thing to be in very often.

[peterb]

Options that are deep inthe money usually have a delta near to 1. That’s a good way to play them. You can usually get the deal for about half the stock price.

Future’s are an animal I dont know much about and move with amazing speed and leverage. With ETF’s it’s slower world where I dont get the short squeeze as well. I dont ever stay in them very long anyway. I guess if I really understood futures better it may be a way to go. But I’ve heard the ES is not the kind of thing to be in very often.

[peterb]

Options that are deep inthe money usually have a delta near to 1. That’s a good way to play them. You can usually get the deal for about half the stock price.

Future’s are an animal I dont know much about and move with amazing speed and leverage. With ETF’s it’s slower world where I dont get the short squeeze as well. I dont ever stay in them very long anyway. I guess if I really understood futures better it may be a way to go. But I’ve heard the ES is not the kind of thing to be in very often.

[mercedes7]

stocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.

[mercedes7]

stocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.

[mercedes7]

stocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.

[mercedes7]

stocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.

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