ES

shadowhand00

The MM provides liquidity. They are not incentivized on wanting to win a trade based off direction; they sell the call and then automatically hedge their delta by buying the underlying. (I believe they're usually buying ES futures in this case). They profit from the bid-ask spread plus gamma scalping as they rebalance. You have to consider MMs are doing thousands of these transactions at any given point so even if they're losing on this particular trade, they're profiting across a huge amount of transactions.

Tradewell3845

Sweet, on the most bullish night in trading ES (SPX futures) is up 160 and hitting new highs. This may make you feel a little better. On a Friday about 6 months ago I thought it was going to be a bearish weekend, serious stuff with China maybe ? Can’t remember but I bought OztM QQQ puts 200 contracts at .07. It went exactly 10 the opposite way and my $1400 vaporized, poof- like this play. The sickest and most cruel part is yet to come are you ready for it??? QQQ went 10 points UP and my $1400 would have turned into $200 K. Sorry man regroup …

Full_Cash6140

You're not wrong but Ive been trading futures less due to the fees and this time I only wanted a small amount of risk on. My account is too small right now to buy single leg calls on ES without risking way too much capital. And I didn't want spreads because I knew it could fly. So I did the next best thing.

Tradewell3845

I’m in some ES puts right now

bjxxjj

yeah 6645 feels like the line in the sand rn, if ES can’t hold there I don’t see VIX hanging under 25 for long. ngl the high put/call still makes me cautious even with the higher-lows, feels like one bad macro headline and this bounce gets slapped.

PremiumProprietor

Yeah, I have been a little. There is no way ES is holding a 150 point pop all day. Iran won't stand for that, LOL

w33dw1zard420

I have a banbet already but ES back to +0.5% by 9:30 AM or ban

WillTheGreat

Some pretty big resistance at 6813-6820 on the /ES. Think it'll have some room to run, I'd probably get some puts around that level. Lots of chasing on positive news that's mostly temporary, and contingent on the Homo Strait opening...which neither side has shown any good faith.

1bizzyone

Futes /ES Spy up a mere 137

DefiantDelta

literally hit 6750.00 on ES are you serious

Bubbly-Fly-205

/ES broke out of downtrend channel and running.

Bubbly-Fly-205

/ES technical are so bullish

Significant_Speed854

Keep a look out for a very #large #candle on CL or ES... that will be the insider trading. Then trade that.

gamethe0ry

Here comes the last minute /ES dump

Significant_Speed854

“So, sir, are you saying if we tweet something with the words Trump and negotiation, and place a long order on ES, we can make millions”

ItInProg

how do you track call volume on ES futures?

DefiantDelta

12:23PM large call volume on ES futures 1:00PM Barak Ravid drops another fake article repeating the same bullshit he’s been pumping for days the insider trading happening WITHIN “news” organizations is a new level of sinister. HANDCUFFS NOW!

br0botic

Insane man with nuclear codes threatens an entire civilization. ES Futures: best I can do is -0.4%

Significant_Speed854

Look for /ES, /NQ, /YM (Dow), /CL (oil) https://preview.redd.it/emiulj55jrtg1.jpeg?width=1125&format=pjpg&auto=webp&s=2ddb6965d6ca25e12a506bc93be72cf9cc70b698

slamtt

bers cooked if we lose ES 6610 we might see 6609

epictantrum

ES really just said sike

Salty-Bid1597

ES: moves 0.2% WSB: It's pumpin'!

k3t4mine

I don't see any news. Random pumps on 6x normal volume usually precede a market positive truth social post. Might buy some ES calls.

Honest-Capital-4472

True that’s the play momentarily with ES and VIX Yeah crude tends to overshoot levels - but currently also factoring in that a lot of the flow is increasingly shadowed - most volume is official and shows up on the exchange so it’s more legit to deliver or hedge commercially. Tracking the XLE as a front-run and factoring in a break below 108s and perhaps deeper inside 106s for it to become a de-facto VIX Cheers thanks for sharing should be helpful

rimbusblogym

Good levels. That 6645 area on ES is key, if it holds above there with the VIX pulling back under 25 that sets up nicely for a grind higher. The put/call ratio being elevated is almost bullish at this point since all that hedging becomes fuel if we don't sell off. Curious how you're watching crude here because that 108 to 111 range feels like it breaks one way or the other this week and that could drag everything with it. If anyone wants to see how traders are actually positioned going into this week [siriussignals.com](http://siriussignals.com) shows real portfolio activity, useful when you're trying to read whether people are actually buying these levels or just talking about it

Honest-Capital-4472

$ES April 7: Tracking EU and US session’s first hour range incl VIX’s resolution of 25 as a follow-on from April 6’s note

Honest-Capital-4472

$ES April 7: Tracking EU and US session’s first hour range incl VIX’s resolution of 25 as a follow-on from April 6’s note

ModeForJoe

CL up 1.9%, ES also up 0.4% Obviously I need to go back to technical analysis via ouija board

Honest-Capital-4472

Yes true the VIX/ES relationship seems to suggest the same - cautious optimism

rotorylampshade

/ES up half a percent since it opened , even thought it's pretty much flat since Friday close. Back to that initial low today?

claytondpark

ES rejected around this level for 5th time since 3/19 😕😡😗

Bubbly-Fly-205

/ES bear trap at open.

chasingjulian

/ES futures is flat right now as well. I was expecting to be down.

BVVanceRefrigeration

Going long ES here, low volume on the pullback and people are too bearish so they need to get wiped out before we can go down for real

Commercial_Ease8053

How many ES cases do you have? (I assume you mean booster box cases of 4)

shmito17

Big green candle on ES. Someone knows something.

ijustreally

Futs are down about 40 handles on ES as of 7 eastern

HaveTwoBananas

ES and NQ barely red for how high oil is

AnyStormInAPort

Google ES mini futures

cioffinator_rex

https://finance.yahoo.com/quote/ES%3DF/

Candyman8876

ES

Rezzurector

You can buy options on ES (SPX futures) from late Sunday afternoon onwards

-IQ200

Outside of news, a lot of technicals on ES 1D chart saying uppies this week: Bullish engulfing, long leg dragonfly, tapped 21 EMA 3 times + MACD crossover. I see 100-130 points this week. ES 6700 / SPY 662-ish if it goes. ES 6500 / SPY 644-ish if it doesn’t.

ebfeebfe

/ES Circuit Breaker Day all in one!

FurlessSasquatch

Well done both of you. I went QQQ 630 to 560. Cleared all downside positions there. Now just back to scalping both sides of ES

YouDontKnowVol

Don’t get me wrong mark to market when I rolled I was down about -$3700 max, was annoying but not too bad. I thought Vega would hurt me rolling farther but ended up helping me once we rallied those two days. That being said I’m not trading RUT until the war is settled the beta on sell offs is terrible, sticking to ES and “dispersion lite” trades in between. To be fair, I wasn’t stressed because I run a convexity overlay at all times, maybe others with no hedges felt the pain more and your point is most likely correct still.

PremiumProprietor

I don't do single stocks anymore. I swing SPY and day trade SPX spreads. Occasionally I will hedge with ES. But yes, iron condors basically. I actively manage all day long and flat by end of day.

shmito17

Good chance ES retests 656 on Monday.

AcademicStandard3701

made some money on those ES micro shorts though. cant beat em join em.

systerix

yea they open at 8:15pm ET. I prefer SPX options of ES options because of significantly higher liquidity. For ES better to just trade the actual future itself than the underlying options

RockasaurusRex

15 years after ES6's announcement Todd Howard is just going to rerelease Skyrim and call it ES6.

Content_Inspector778

Almost 300 point /ES rally from last Friday's bear trap.

RTMidgetman

Ok so ES options you open on Sunday evenings typically. And you opened these SPX options last week then?

Significant_Speed854

And ES

bonasera-bonasera

He is long CL (for now). Previously, he was long BTC, but that trade became crowded. Moved to GC, rode that up as he sold BTC. Sold GC to buy CL ahead of Iran. All intermediate trades. In and out before anyone can figure out what happened. Add in a soft SEC, owns the Justice Dept. They are minting trades. Add occasional ES longs or shorts.

QuarkTheFerengi

0dte are for quick scalps and only in like the first hour of the day is it even worth. If you wanna just trade leveraged price action, try futures on ES, NQ, or gold. I like gold because it usually has pretty good action all day and night throughout the various global markets

Jarlaxle_rigged_it

"5 minutes before this announcement hit the tape: \* $3.53 BILLION of notional volume was bought in the S&P 500 futures (ES) 3x more volume than any other time this morning. Suggesting: 1) Insiders had a heads-up on this news AGAIN. 2) The news was from US sources NOT Iranian ones." goodluck in the rigged casino plebs. only motherfuckers making money are the inside circle

GoZukkYourself

A huge /ES buy right before the annonucement. I'm sure it was based on technical analysis and feels 🤣 https://preview.redd.it/4wzmrrailssg1.jpeg?width=926&format=pjpg&auto=webp&s=b62ae8f236491ed635fb049f209e3f1a0205b44c

spsteve

[Adam Cochran (adamscochran.eth) on X: "More manipulation!! 5 minutes before this announcement hit the tape: \* $3.53 BILLION of notional volume was bought in the S&P 500 futures (ES) 3x more volume than any other time this morning. Suggesting: 1) Insiders had a heads-up on this news AGAIN. 2) The news was from US https://t.co/8L5QJ3aRRr" / X](https://x.com/adamscochran/status/2039715337327800570) FFS. I'm out. Cash time. This is insane.

RestBackground7023

yup, but it takes some capital to actually create income to solely live of. There is no specific rinse repeat option strategy, due to IV changing and sometimes options are cheap, and other times they are expensive so you sell the hell out of them. It just depends. to go naked (sell the option), you need some capital to lock up first, called margin. Than you need to have some capital encase the market drops out the back side. On ES a 1000 point drop like trumps tariff month 2025, could of taken a temporary $50k red negative number on an account if someone was short 1 ES put from the top, plus the $25k locked up to take that trade, and the premium collected before the IV spike of the drop would of been around $2,500 to $5,00 depending on strike sold. So this is all part of the planning, how much capital do you have, and how will you manage it. define the short put in this case, you cut back what you made, and it makes rolling a pain in the back side, unless you use a calendar to define...you need to practice all this out. I built a simulator, identical to a trading exchange with a candle chart to replay 5Y of SPY and TSLA to test out strategies during covid crash and other better times with low IV.

RestBackground7023

IV is elevated, selling options is paying good prices atm. When IV goes back to 12 -14 on ES you will be disappointed you didnt sell them at 2x the income. Algos are not a thing on monthly premium decays.

-IQ200

We’re still holding above 644.30 (roughly ES 6500). Rebound potential could be crazy, or it could be the bear rally sell off. See y’all in the morning. 🫡

zestykite

tempted to all in ES shorts here.

fungoodtrade

futures, homie... trades pretty much around the clock 23/5 open sunday night, close friday afternoon... see how the shit starts dipping right at 1800... yeah that's 6pm west coast time or 9pm eastern. MNQ is the mini nasdaq proxy, so this is how qqq will be gapped up or down overnight... so all the stocks in QQQ are affected as well, same with MES. ES / MES - NQ / MNQ ... plus there are oil futures and many other futures that are trading around the clock... forex, plus crypto, gold, silver... all different forms of liquidity. https://preview.redd.it/kba01ig3sosg1.png?width=861&format=png&auto=webp&s=b9ec8fa6772bb2e1239512b653759ab5ba05f3be

Random-Reddit-Guy

Wtf futes r people looking at? ES down <1% Is this circuit breaker in the room with us?

dacalo

Thanks orange man. Made $2.1k in 45 minutes selling ES call credit spreads.

2020isgreat

also this dip down was kinda slow u had plenty of time to listen to the speech and then short /ES but ur retarded so u didn't

silverfutes

He has an ES=F quote on the prompter.

surmoiFire

NQ and ES crashing

fire_alarmist

Holy shit ES is getting pummeled. Massive sell orders taking it down like 10 points at a time.

absolutxtr

Split screen. ES! Mini open and this shitposting centre. 🇨🇦

ModeForJoe

Insider trading on ES & NQ!?!? What's the verdict gentlemen?

jackfrommo

Right. Software was never fully developed and big equipment manufacturers have their own version of what ES was trying to create. Only value comes from their capture of market share from other big rental companies.

Any_Life_6178

/BZ and /ES moving together, but they have been all week so wtf😂

zestykite

didtn learn my lesson last 2 days. back to all in short ES

ModeForJoe

BIG BEAUTIFUL SPEECH tonight!? Don't bother... just watch /ES, /CL, $SPY, $USO, etc... for unusual trade activity in the hours leading up to this. If you have a service that realtime scans for unusual options activity, even better. Whoever's insider trading probably layered in the trade position during market hours, but that's not 100%. Instead, Mango might be getting pulled left and right by phone calls from Bibi, MBS, Lady Lindsay, Kegsbreath, etc... so even HE isn't sure what direction to go into until just before. It's likely that the mole dishing out insider info won't know for sure the direction of the speech until just before. One thing's for sure, the speech contents won't be a well-kept secret within the WH inner circle... cat's gonna get outta the bag prior to speech, and I want us to be the first to get to strangle it.

claytondpark

ES is getting jittery rn

brainlet99094

ES struggling to hold 6600... Is my overnight SNXX hold gonna make it bros...

spyputs1

That’s it, no more Asia futures, I’d rather drag my balls through broken glass than sit here watch the chart for an hour while it moves 3 points on ES.

fairlyaveragetrader

It's normally a really bad idea to trade on news. The reason why is you're the last to know.. so, today, we traded up to the 200 hour sma resistance. This has been a guide down the entire time and an area of rejection. There are going to be a lot of automated loans that come on at ES 668. It's not really that far away from where we are. I think the bias is definitely on the long side though. Even if your timing isn't perfect this thing is going to be resolved, probably within the next month or two. I suspect that you're reading some intentional misdirection when it comes to we might just leave the region and it all doesn't matter. That's exactly what you say before you invade someone so don't be surprised if you wake up to headlines of troops on the ground. But if you do in the market is down a couple percent you probably want to buy that

Iwillachieveit

Thanks for the reply So if the London session of the ES is down, then I should roll the 648?

AnonUserAccount

What? /ES is up 0.04% as of my typing. That’s pretty fucking flat, if you ask me.

SlartibartfastMcGee

I had the order ready to sell a few times today on ES but stopped myself. Finally set a limit sell about 3:30, rode it up a bit and then took the first profit I found. I have a strong feeling we will see a sell off tomorrow, but I haven’t liked any of the entry points yet and I’m wary to hold short positions when a single tweet can wreck your account.

SlartibartfastMcGee

Yeah I went long oil @ $102 for a bit this morning then shorted ES futures @ $6,566 for a small gain before close.

Flaky-Worldliness169

Qqq/spy/spx is correlated to ES and Nq I always watch those levels instead of the index fund levels

Any_Life_6178

Futures: BZ⬆️ and ES⬇️

ButtExterminator

AI slop. This is not true: "**Tax benefits:** futures are 60% long-term / 40% short-term, Options are 100% short term gain." bullshit: "**Bid–ask spreads:** An options trader paying $0.20 in spread needs a \~20%+ option move just to break even." small?"**Small margin requirement:** on /ES (E-Minis) you need $26,000 margin to hold a contract"

neutralpoliticsbot

Micro Russell futures /M2K are better than options. **No PDT rules:** trade all day and night with no limits. **No Theta decay:** unlike options, you can hold and roll futures contracts forever. **Tax benefits:** futures are 60% long-term / 40% short-term, Options are 100% short term gain. **No IV risk:** VIX volatility and IV crush, can't fuck you with futures. **Bid–ask spreads:** An options trader paying $0.20 in spread needs a ~20%+ option move just to break even. **Small margin requirement:** on /ES (E-Minis) you need $26,000 margin to hold a contract. On Micro Russell 2000 (/M2K) you only need $1,100 cash to hold and still provides a nice 10.7x leverage. Huge drawdowns are not that scary. Options (IV) vs Realized Volatility (RV) premium: 99% of options are overpriced 10%+ and you are underwater as soon as you buy. Market makers are laughing at options buyers.

FurlessSasquatch

Wait you waited for the bottom to take puts? Ya you belong here. I'm as pessimistic, short sided as one can get. Even I knew ES structure over 6480 was an easy payday put by 6600 weakness. Try taking puts on the peaks next time it pays better

stonetrade

How tf is ES dropping while SPY pumping Let’s just destroy the market and start all over holy shit

neutralpoliticsbot

Micro Russell futures /M2K is the dopamine fix you need. No PDT rules: trade all day and night with no limits. No Theta decay: unlike options, you can hold and roll futures contracts forever at virtually no cost to you. Tax benefits: Futures (Section 1256): 60% long-term / 40% short-term, Options are 100% short term gain. No IV risk: VIX volatility can't fuck you with futures. Bid–ask spreads: An options trader paying $0.20 in spread needs a ~20%+ option move just to break even. Small margin requirement: on /ES (E-Minis) you need $26,000 margin just to open a contract. On Micro Russell 2000 (/M2K) margin is only $1,100 per contract and still provides a nice 10.7x leverage. Huge drawdowns are not that scary. Implied Volatility (IV) vs Realized Volatility (RV) premium: 99% of options are overpriced by about 10%+ due to this and you are underwater as soon as you buy. Market makers are laughing at options buyers.

CUbuffGuy

Anyone with enough size to move the index short hedges with ES. There will be no rush to cover, it already happened.

Wsb_optionstrader

Netflix is red because I yoloed calls yesterday. (NQ and ES up 1.5% btw)

Imaginary_Tear_2328

Futures? ES?

CloudSlydr

I’d argue rational minds with big money know that there’s more liquidity below current price. Think /ES 6K range. VIX hasn’t even topped 40? lol

zestykite

that was me. i bought ES longs and CL shorts. my bad boys.

zestykite

a wise man once said.. ."nothing bad can happen, it can only good happen" . so i will buy some ES long here.

Poptart_Salad

Would be nice to hit -1% on NQ and ES by close today at least. Break that overnight low.

neutralpoliticsbot

Micro Russell futures /M2K is the dopamine fix you need. **No PDT rules:** trade all day and night with no limits. **No Theta decay:** unlike options, you can hold and roll futures contracts forever at virtually no cost to you. **Tax benefits:** Futures (Section 1256): 60% long-term / 40% short-term, Options are 100% short term gain. **No IV risk:** VIX volatility can't fuck you with futures. **Bid–ask spreads:** An options trader paying $0.20 in spread needs a ~20%+ option move just to break even. **Small margin requirement:** on /ES (E-Minis) you need $26,000 margin just to open a contract. On Micro Russell 2000 (/M2K) margin is only **$1,100** per contract and still provides a nice **10.7x leverage**. Huge drawdowns are not that scary. **Implied Volatility (IV) vs Realized Volatility (RV) premium:** 99% of options are overpriced by about 10%+ due to this and you are underwater as soon as you buy. Market makers are laughing at options buyers.

neutralpoliticsbot

Micro Russell futures /M2K is the dopamine fix you need. **No PDT rules:** trade all day and night with no limits. **No Theta decay:** unlike options, you can hold and roll futures contracts forever at virtually no cost to you. **Tax benefits:** Futures (Section 1256): 60% long-term / 40% short-term, Options are 100% short term gain. **No IV risk:** VIX volatility can't fuck you with futures. **Bid–ask spreads:** An options trader paying $0.20 in spread needs a ~20%+ option move just to break even. **Small margin requirement:** on /ES (E-Minis) you need $26,000 margin just to open a contract. On Micro Russell 2000 (/M2K) margin is only **$1,100** per contract and still provides a nice 10.7x leverage. Huge drawdowns are not that scary. Futures are superior to options in almost every way.