ES

Financial-Error6244

ES has >600 points to drop, get in while u can

Inner-Detail-553

ES puts trade any time ES itself trades?

claytondpark

For a month bools can't break ES 5700 

claytondpark

Shorting every decent pump on ES has been free money this week 

31andnotdone

/ES won't break 5700 either.

31andnotdone

they're really special in here we are still in the range /ES 5620-5698 5650 is the bul/ber line rn.

artcysp

Are we serious on /ES? Like really?

Secret-Bonus-254

Unless your funded, or have tons of capital, its hard to get into ES and NQ futes.

dweeegs

I left work and by the time I got home India and Pakistan were shelling each other and /ES is mooning wtf is goin on

dontevenstartthat

This seems like a good time to short ES futes yeah?

ebfeebfe

/ES rises on the news Bessent about to meet chinese looking man. "This is it", people familiar with chinese looking people.

BushLov3r

60 point jump on ES futes on a fucking rumor. God this market sucks dick

rriggsco

Aug SPY 575P. May 8 /ES 5650P. And one I'm not proud of: Jul TSLA 150P

Full_Cash6140

Well I'm out of gold and oil. Just short bonds now. Considering some ES call lottos.

sreten-jr

Looks like mods censoring every bearish post or comment related to ES-EM-SEE-EYE??

HedgedogSwine

I have puts on ES and PLTR. Bessent pump does not work on PLTR 

Full_Cash6140

I got a couple 5550/5500 ES put spreads I bought Friday expiring today. If you guys wanna bring those back to life that would be pretty cool.

rriggsco

Here's to hoping the europoors can push /ES below 5650 by morning.

rriggsco

I bought protective puts for some long /ES contracts, not really expecting to keep them after selling the long position. But after the sell-off today, I decided to risk it. Those puts are now almost ITM. Someone is really trying to drive /ES lower right now, and I'm down with that.

M--Michael

Yes, of course. Yes, it is price action while looking at intraday real time indicators. The A/D line and where it is moving, the 11 sectors of the S&P, the DOW stocks arranged by sector, the other Indexes (ES, NQ, RTY) and what percent change from open they are. Finally, where is price action as related to previous day. I also look at trend lines and S/R and lastly the MACD. My only technical indicator. I do not use the standard 12,26,9. I use 12,26,25. This gives slower but more reliable readings but I do not follow it blindly. I use it in conjunction with time of day, range, bias, etc. the whole point is to wait. Just wait. I do not barge in just to trade. If I pick a price I want in at and the market does not hit it, I will NOT take the trade. I don’t care. Either the market gives me what I am looking for or it does not. I have found that once in a lifetime setups occur about 6-7 times a week.

dontslambro

Same here 5996 short on the ES

Psychic_Trader

You're going to want to wait before you buy any puts. Let the theta day commence and we slowly walk up to /ES 5700

komwom

Absolute dogwater ES chart

Throwawayz911

ES to 5560 this week then more uppies

DC9B717Captain

Like this morning for example. At 8:00AM (ET) the S&P 500 (ES) and Dow 30 (YM) are off 50 and 300 respectively. Where will they end up at 4:00PM (ET)? NO ONE knows. Happy Trading!

Ambitious-Dog-1232

Good OP, good, let the greed control you! (Palpatine voice) The market needs people like OP for liquidity if we are indeed in a bear market it will show soon. Otherwise, OP might be correct and we return to 6k+ on ES and NQ 21k. However, I am a bit sceptical at this moment in time.

Psychic_Trader

I'm thinking the degen bulls dump their calls at the open in the silly bears by puts or don't take profit on their puts and then we start rallying up to /ES 5700 by the end of the day. If we close the day below this value then I'm bearish for Tuesday.

perceptive_AI

/ES 5670/5660 expiring EoD

rriggsco

Way too many puts on /ES for futes to go down significantly tonight.

Twentysak

/ES

housemouse431

if we get to negative 1 percent on ES futes before midnight, things might get spicy at open,

Fafner333

Update: $ES\_F - 0.76% now. It's likely going to gap down at the open.

rriggsco

$5.6B in /ES has traded so far today. Yes, it's light by US trading standards. But it's heavier than I typically see until Asia opens.

perceptive_AI

Threw $200 at some /ES put spread , already up 125% 

dontslambro

Well those ES contracts I bought Friday are printing.

rriggsco

Imma creme my jeans if /ES gets back to 5660.

BooBrew32

ES\_F was just rejected by the hot redhead with the big tiddies.

JoostvanderLeij

As long as 5830 ES is not broken, it is still a bear market.

dimethylhyperspace

which futures are those? ES doesnt open till 18:00

Ambitious-Dog-1232

30% correction in RTY futures, 25% in NQ futures, 22% correction in ES - gold futures rallying to $3500, Crude oil is trading below $60. This doesn't happen in bull market and in an expanding economy, on the contrary you happens when demand is low, uncertainty high, thus risk ON markets take a hit.

jessicajay123

The fills after hour is horrendous as well, no liquidity. You better off hedge with /ES after hour, more liquidity there.

LarryStink

Tasty trade. And I basically just trade options on the futures except for some underlyings where markets get too wide after hours and ill scalp the futures directly. Depending on what product you use, margin requirements range from 400$ to 4500$ per contract for most of the products but standard ES, NQ, and BTC contracts are a lot more expensive. It's crucial to use stop losses with extreme risk management when trading the futures directly.

Inner-Detail-553

You can’t trade indexes directly but you can trade index futures or index ETFs which trade almost exactly the same as the indexes. So for S&P500 there is ticker “ES” (e-mini futures) and “SPY” (ETF). Both are highly liquid but have somewhat different underlying mechanism for matching the index I would say if you have futures available they’re better, unless you have a broker which offers extremely cheap stock trades and only need to trade during regular hours, in which case the ETF may be okay too

Mrtoad88

I hope so. I want the volatility to stay high like this for as long as possible. When we truly rebound pressure is gonna get way weaker and my style of trading isn't as good in those conditions. I'm seeing the daily ATR's on ES/SPX, NQ/NDX faulter slightly, this last wee, moves still good but a little weaker. I want it to stay high so yeah I'm wanting more carnage, big intra day moves happen in markets like this, not boring bullish. So yeah I hope you're right but yeah I don't think we've seen true bottom yet, I think we'll bounce around in the short term but yeah months down we'll keep heading down. 🤞🏽

M--Michael

Yes, of course. Yes, it is price action while looking at intraday real time indicators. The A/D line and where it is moving, the 11 sectors of the S&P, the DOW stocks arranged by sector, the other Indexes (ES, NQ, RTY) and what percent change from open they are. Finally, where is price action as related to previous day. I also look at trend lines and S/R and lastly the MACD. My only technical indicator. I do not use the standard 12,26,9. I use 12,26,25. This gives slower but more reliable readings but I do not follow it blindly. I use it in conjunction with time of day, range, bias, etc. the whole point is to wait. Just wait. I do not barge in just to trade. If I pick a price I want in at and the market does not hit it, I will NOT take the trade. I don’t care. Either the market gives me what I am looking for or it does not. I have found that once in a lifetime setups occur about 6-7 times a week.

Reasonable_Handle291

Just what's throwing me is that I agree with you, but especially when watching the ES and NQ last night after AMZN AAPL fiasco, I would think QQQ would have larger moves than SPY, but it looks like they were in perfect sync on the ups and downs. Imdo I think this Market's so algo'd and AI'd out the azz that it's just begging for a Flash Crash/Flash Pump to 10000/Flash Crash/and then 0 for just 2 minutes too long for people to skip the elevator on the way down the high rise.

dontslambro

have ES contracts at 5698

Financial-Error6244

its funny, exactly 1 month post-"liberation" speech and we're at the literal exact same price on ES as when that speech started

Emilio___Molestevez

I don't know how futures work but I'll probably put like 60% of my port long /ES over the weekend. what's the worst that could happen-- it opens like -1%? would that be so bad?

Financial-Error6244

"liberation" announcement gap officially filled on ES

bootchmagoo

I would like to revisit the below comment that was met with downvotes - there were clues from last week that this market was going to continue higher. There is something in this tape/under the surface IMO. Sometimes it's okay to put your politics aside and look at the chart/tape. Hopefully somebody read this and got short term long instead of adding puts. I am personally waiting for /ES 5750/5800 to see if I want to add a couple dated shorts to the market. [https://www.reddit.com/r/stocks/comments/1k7grb7/comment/mp1279b/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/stocks/comments/1k7grb7/comment/mp1279b/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)

gregot76

i could of sold my puts in after hours trading at 4:10pm when ES was 5602....we are now 90 points higher, fuck this shit

QuarkOfTheMatter

/ES Futures dont care, they are up 0.8%.

MasterSexyBunnyLord

There's no decision because they're European style options. Cash settled has nothing to do with it. Same for ES yet it is not cash settled. It is like that because the options are European (except when they're not)

rriggsco

Fuck. /ES has been dead flat for an hour.

brisso500

ES will test 5800

diefy7321

- **SPY (S\&P 500 ETF):** The 200-day SMA is approximately \$573.33. - **QQQ (Nasdaq-100 ETF):** The 200-day SMA stands at \$492.85. - **ES (E-mini S\&P 500 Futures):** The 200-day SMA is around 5,746. - **IXIC (Nasdaq Composite Index):** The 200-day SMA is approximately 18,418.

Chocobops

I really wish I had the balls to short the ES futures overnight. But I wouldn't sleep.

n9neteen83

AH traders are idiots. AAPL & AMZN down but they're buying ES? Make it make sense

dontslambro

It’s about to trip some stop losses on ES

Financial-Error6244

ES rallies 35 points on china being like "feel free to take it back retards wtf are u doing" 

artcysp

Why the fuck is ES on a moon mission at 8:30pm

RomanticRhymes

first time ES has had a red daily handle in 7 trading sessions and its trading kinda shaky tn. fomo fever has broken

the_humeister

If his conviction is high he'd short /ES. Buying puts means his conviction isn't as high.

JayMo4U

Hedge with /ES is another option

rriggsco

/ES moved from 5611 to 5616 and you are ready to ride the bull?

v4bj

Comes down to the retrace on $ES now. NVDA didn't run up as much as I thought it would. Whereas Meta and Msft basically reclaimed everything from the tariffs and then some and all based on historical results prior to tariffs. Overall volumes were moderate to low but of course very supportive. No new Trump tweets make people think that the worst is over but macro numbers don't look too good. I agree that overall picture is mixed.

Full_Cash6140

ES if you could just tank 2% by Monday that would be great.

Reasonable_Handle291

What's up with the ES and NQ slip n slides happening at the exact same time?

myengineeredlife

Position was short ES futures from 5676 & also bought SPY 560P 5/2 contracts right around the high ... $5K day and more tomorrow

Captain_Ahab_Ceely

SPY is different, that's basically a stock option. SPX and /ES are futures so they expire exactly at 4

Full_Cash6140

ES you can go ahead and fall too. Any time now

Full_Cash6140

I have ES puts

rainmaker66

Hit order flow absorption. I broadcast ES futures absorption for free. This was picked up already at 2.31pm ET.

Administrativedig79

earlier today i was watching these ES futures try to break that 5565, now im watching it try to break the 5655, bol markit

SgtAlvinCYork

ES=F on Yahoo finance works for me

GoZukkYourself

/ES is almost back to where it was on 3/31 🤣

JGWol

No one going to bring up that ES has a put/call ratio of 4.5? I’ve said this before and I’ll just repeat it.. the market is floating on the corpses of bears. That fuels buying pressure from institutions to hedge their shorts.. that causes retail to pile in when they think they’re missing out. So on and so on. It doesn’t mean we bottomed. We could spike to 700 next month and still be destined to go lower. It takes time. A lot of time, to see markets unwind trillions of dollars of liquidity. It’s why they say, a bear market doesn’t start until the last bear is dead. Im with you OP. The economy is fucked. But tech earnings *with the economic momentum of last year* are going to, in the short term, force buying pressure. We will see tech giants commit to 800 billion dollars in capex to create AI tools no one pays for while they pad their operating income with the 25% of staff they laid off silently. It’s why I’m in gold. The downturn the bears are expecting will take *awhile*.

BildoBaggens

Nig support tested and gained./ES 5535...

BildoBaggens

S&P tested previous support lost and gained it (/ES 5535) that was a huge support. It should fly up tmrw.

rriggsco

I'll be happy if /ES breaks 5650 tonight.

Full_Cash6140

I'm well up on my silver puts. Cashed out ES shorts for a nice profit too

Defiant-Salt3925

I sell strangles on the same tickers, a few currency futures, and other highly liquid securities. I love ES due to its unmatched liquidity—I almost always find a way to close for a 50% profit and roll the untested side when ES strangles move against me. If one of my strikes is breached, I turn the position into a straddle and even go inverted when necessary. ES is the only ticker I know with the liquidity that allows for these types of adjustments, especially since liquidity dries up once strikes go in the money. So far, I’ve never closed an ES strangle for a loss, even during the recent market crash. I usually have 15–20 strangles open at all times. I don’t pay as much attention to news and events as you do, because with options, most of it is already priced in—and volatility is overstated the majority of the time. I typically use around half of my buying power to get the best return on capital. I sell around 45 DTE, using 10–15 delta strikes on both sides, and close at 14 DTE at the latest to avoid gamma risk. Recently, I started dabbling with 0DTE strangles on CL, GC, ES, and ZB, and I’ve been very profitable. When one of my strikes is touched, I hedge by going long or short the future and let the trade expire. If I’m assigned, the position is flattened and losses are minimal. I also beta-weight my entire portfolio to ES/MES and use those futures to neutralise the delta across my positions. I’m currently working on an API to integrate with my account so I can automate delta hedging and rebalance my deltas every day or so—minimising screen time. As I said, I trade options fairly aggressively, but I really like your approach. It’s especially well-suited for newer traders interested in selling options on futures and commodities. They should definitely read and absorb all the valuable info from your write-up.

Wisertrader

Happy to share! How do you trade strangles more aggressively? Yes ES is definitely liquid, however CL, NG, GC and some of the grains are also extremely liquid from my experience and I have never had an issue! Personally I find it not too effective to roll the untested side because if I get to that point, it means the commodity become extremely directional because the supply and demand balance changed drastically, by which point I would have already closed my trade anyway! I use IBKR, they are the only ones that allow stop losses for futures options!

Defiant-Salt3925

Brilliant post. Thank you for taking the time to share all that information. I use a similar strategy with my short strangles on commodity. Though I am more aggressive , and I love selling strangles on ES! I know you don’t trade indices but the liquidity is so high with ES futures that it’s almost always possible to adjust trades that go south for a scratch or small profit. Do you ever move the untested side up or down when one of your strikes is challenged or turn into straddles? I love the idea of setting a trailing stop loss as a risk management strategy though I am unsure if it’s possible to execute on Thinkorswim or Tastytrade. What platform(s) do you trade on? I like the idea of setting a trailing stop loss

thrawness

Your approach is solid and well thought out—here are a few suggestions to help you take it further: **Increase Strike Width** Widening the distance between your short and long legs allows the spread to expand faster, improving the odds of profitability earlier in the trade. To maintain the same overall risk, reduce the number of contracts. For example, if you’re trading 5-point wide spreads with 50 contracts, consider switching to 10-point wide spreads with 25 contracts. This adjustment keeps your risk profile intact while improving capital efficiency and reducing transaction costs. **Hedging** Your long wings already provide defined risk, but if you want to hedge further—particularly against the upside—shorting VIX futures can help. As the market moves higher and tests your call side, short VIX futures typically gain. However, this increases your downside exposure (put wings + short volatility). You can cap that risk by buying VIX calls, though at that point you're essentially hedging your hedge, adding complexity with diminishing returns. Another alternative is using static delta hedges like SPY, /ES, or /MES. Futures are particularly effective due to their leverage. For context: if you're running 50 contracts with 5-point wide wings, you're managing $25,000 in notional risk (5 × 50 × 100). /ES futures can provide efficient delta hedging at that scale—but yes, it gets complex quickly. There is no free lunch. The easiest would be to: **Diversify Across Time and Strikes** Rather than opening all positions at once, stagger your entries both across time (e.g., 5 ICs per week) and across price levels. This reduces concentration risk, smooths out your equity curve, and allows for better trade management as market conditions evolve.

Psychic_Trader

Cope and seethe at /ES rallying to 5650 today and MSFT and META beating earnings and jumping afterhours.

k3t4mine

Every single day, like an hour before EU opens, someone dickhead the ES up like 30 points for absolutely no reason.

BushLov3r

Damn I just made a bag on ES puts, let’s gooo

Reasonable_Handle291

Wow SPX ES=F's got the go code from 🥭: Drill baby drill! 

RomanticRhymes

thanks to smci, i got myself out of a very bad ES trade 

GureenRyuu

Define wavering. [YM=F+0.29%](https://finance.yahoo.com/quote/YM%3DF/)[NQ=F-0.14%](https://finance.yahoo.com/quote/NQ%3DF/)[ES=F-0.08%](https://finance.yahoo.com/quote/ES%3DF/)

Te_la_lavas

Just buy futures micro or Mini ES contracts if you really want to make a directional play.

Reasonable_Tower3816

short RTY after "deal" spike, mags already came back to earth, no juice in NQ or ES. short the trash now.

Immediate-Sky9959

You just gotta love "alleged" traders who mess with the- SPY, SPX, VOO, YMOO ,ESOO, NQOO, ES, NQ, YM, MES, MNQ thinking that they know something because they read an article on how to make money in the market. Welcome to the BIG LEAGUE, this is no longer CYO or YMCA ball. The name of the game is called Analytics, and you have not an ounce of it.

dinglebarryb0nds

Now you got ES bouncing above previous highs. RIP bears for now

No_Communication8613

Ok, I did see that Galloway Capital Investors is trying to get them to go with an alternative solution. https://finance.yahoo.com/news/galloway-capital-builds-3-ww-231712477.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEdZJQjNXz2IkjoLmddcmfpU5zkncLlDoTHtvtLIQsam9oz4DgRcvaLBh2GNSNfJXYdcEIswVZMPv8EL2T67xSB--33_VwOlyHYdD_QjSYfFzuwEgh8ES0-DQkqTKYQ6geG4oJTOxqFMurHxMe4DGu7Xk_UEGKmlsCHmLmNZtzDH So yeah, I guess they may not go in that direction. It would result in a super over the top short squeeze if they reversed their position. Good Luck.

lordbell21

This dude at ES5520 has infinite money. JPows best friend

lordbell21

ES 5520 is insane

k3t4mine

Liquidity on ES nearly as bad as it was April 7