ES

Pure-Distribution-51

ES?

Zero2Hero2MarginCall

ES options are juiced twice normal delta, so a fairly large move

aManPerson

hold.....hold on. you were selling OTM SPY puts. SPY, american style, stock settled. not, "european style, cash settled". holy fuck dude. your overall idea isn't bad, but you should be doing it on something a little less risky. like /ES, spy futures, or micro spy futures if you want really small sizes. i think those, with span margin, should be the smaller BP usage, allowing you to be more leveraged like you desire.

tonyyanga

Sorry I missed your point about tax. That aside I think /ES futures are likely the best option.

danf78

ES up 10 points already. Probably means another red day incoming tomorrow 

carbonpro

So we’re completely flat? I mean .25pts as in the smallest possible increment on ES

adminsarecommienazis

Which of these levered strategies would have the highest returns long term? For purposes of the experiment assume there is no early liquidation risk, and assume 0 taxes on all of them. Also assume SPY/ES are both 500/5000 for math's sake, and that I would be holding them for years if not decades. (2x levered on a 250k balance) 1)1000 shares of SPY. Margin financed by box spreads so we are paying roughly the risk free rate. 2)$250k worth of SSO (2x leveraged ETF) 3)10 long dated deep ITM spy calls with a cost of ~$250k. 4)2 /ES contracts, continually rolled. Spare collateral is kept in cash equivalents like BOXX that yield roughly the risk free rate. Part 2: Same questions but an equivalent 3x levered strategy and replace SSO with UPRO.

DaGhostOfMarx

I have no idea - shameful to say but you gotta watch that overnight/ES price action. good enough chance we’re tapping 5350 if it looks bearish

AkinomTsarn79

Well in my opinion the last week of trading shows we're in a pretty strong downtrend. We lose a level, market tests it from below a day or 2 later, it gets strongly rejected. It's happened twice now, once at ES 5630 tuesday/yesterday, and again today at 5530ish. I'd be biased short for now but good data is what would be needed to break a downtrend

PapiGoneGamer

Certainly possible given how overbought NQ and ES are after that rip. If we close flat, tomorrow could be a capitulation dump or a relief rally.

cantgetthistowork

ES cosplaying the southern border if Harris becomes POTUS

Impressive_Note_4769

Actually, ES is having a pretty decent support level.

AnyPortInAHurricane

I declared the Bull Mkt over a few days ago , LIVE , 200ES points ago big fugging deal

AkinomTsarn79

If you dedicate time to learning ES levels, it's a lot easier than guessing. 5474 is decent support and is exactly where it bottomed today. So for tomorrow: above 5474 = long, below = short

grems8544

Hmmmm Checks today's P/L: positive. Closed ADBE puts for a profit. Looks at the overall market, sees that the SPX was held in place yesterday with a 40,000-contract iron condor which pinned gamma, only to release it today. Also sees that the premarket was set to gap down 50 points +, which would have left Dealer's too long and they would have to sell to hedge flat (and were doing so with the NQ and ES in the premarket) Check's P/L again - nope, I didn't put $5000 into a falling market. 1600 paper loss? Oh, I'll make it back. Or, I hope I make it back. Hope is not a strategy. Sounds like you have none. ... and I'm asking the moronic question. Best of luck to you bud.

meatsmoothie82

4x? Rookie numbers- gotta get on /ES and pump those numbers up. Or down. Probably down

danf78

And now ES is up 10 points in AH. Go figure...

HeorgeGarris024

yep that's how delta works. $100 is also just 2 points of an ES contract, who cares lol

Zero2Hero2MarginCall

that's why you should only be trading /ES and /NQ options... so you can trade them 23 hours a day and don't have to worry about pattern day trade rules

SudsAde6985

/ES 5501.5 is your next buy. Sell @ 5504.75. Repeat til it doesn’t work anymore

SleepMoneyMaker

I have implemented something to get it automatically (Top and Bottom 10) - which I believe is close to what you describe. **Example for the Top 10 S&P 500 Companies by Earnings Growth:** Ticker Latest Quarter Latest Earnings Year Ago Quarter Year Ago Earnings YoY Growth (%) IRM 2024-03-31 74061000.0 2023-06-30 114000.0 64865 GE 2024-03-31 1537000000.0 2023-06-30 35000000.0 4291 ES 2024-03-31 521848000.0 2023-06-30 15422000.0 3283 INTU 2024-04-30 2389000000.0 2023-07-31 89000000.0 2584 BALL 2024-03-31 3685000000.0 2023-06-30 173000000.0 2030 AES 2024-03-31 432000000.0 2023-06-30 -39000000.0 1207 EL 2024-03-31 330000000.0 2023-06-30 -33000000.0 1100 AXON 2024-03-31 133218000.0 2023-06-30 12420000.0 972 HES 2024-03-31 972000000.0 2023-06-30 119000000.0 716 DUK 2024-03-31 1138000000.0 2023-06-30 -220000000.0 617 *Note: results reveal extreme variability in S&P500 companies' earnings growth. Some top performers show growth rates in the thousands of %, often due to rebounds from very low or negative earnings in the previous year.*

ILikuhTheTrade

Nasdaq down almost 1% in afterhours and ES down ~.6% lmao recovering? Shits fugged

PapiGoneGamer

Not sure what’s more pathetic: Me hoping and praying SPY is back to flat by open or 🏳️‍🌈🐻 dancing and stroking themselves over /ES being down 0.30%

Ok-Elderberrygrower

Picked up a couple /ES calls @ 5620

SighRamp

NQ ES SPY QQQ haven’t reclaimed and break above prev rejection points do NOT go long. NVDA prime example. Must reclaim 125 do not go long until then.

SudsAde6985

Ok. Got it. /ES 5606.25 is the bottom line. Got it. Ok. Stairs are out of order, take the elevator 🙄

forevertheta

indeed it's RegT margin issues with Fidelity. Good to know ES option is more efficient, will look into it. Thanks!

weaseldotro

selling naked options on such an expensive product like SPX doesn't make sense in a regular margin account, you need a portfolio margin account. for a regular margin account, trading /ES options would be much better in terms of capital efficiency.

IAintInTheClub

ES making a higher daily high is not out of the question.

zeddknite

VX and ES look pretty calm. Guess we'll see what happens!

pennybones

bruh just go to yahoo the ticker is ES=F

OrdinaryAttorney7914

Corn 69K easy tomorrow. Nasdaq up 100. ES up 50. Dow red. IWM Flat

TheAsteroidOverlord

Hope everyone is having a great weekend so far! I've been doing research into SPX and /ES options specifically selling iron condors. I feel silly even asking this question but this feels so simple that there has to be a catch. Question: if I sell an iron condor on either SPX or /ES (specifically targeting these as they're cash settled versus taking possession of an underlying stock), and the collected premium is larger than the potential max loss, the trade itself ends up a winner regardless, correct? For example a 5495C/5550C/5485P/5490P expiring tomorrow (just using this as an example but I'm seeing this across all available expiration dates) ([Iron Condor Example](https://optionstrat.com/build/iron-condor/SPX/.SPXW240722P5485,-.SPXW240722P5490,-.SPXW240722C5495,.SPXW240722C5500)) shows a credit of $430 and a max loss of $70 with a max profit of $430 as well. Seeing as how the credit gained is larger than the potential max loss, simple math tells me this is a winner regardless of what happens with the price of SPX. Again, this seems way to simple to me so could someone with some more experience and knowledge impart some wisdom here? Thanks!

fairlyaveragetrader

You're better off using a bucket shop like ninja trader and trading MES or ES, lowest margins, they have a day rate, they also have low fees, major tax advantage to day trading futures rather than equities

SudsAde6985

If u looking for an ‘average down’ ES 5544.25 is your best bet.

HellsCmingWthMe

ES

HellsCmingWthMe

Jacked to the tits on 0dte ES puts

Stockengineer

Yeah I closed out my ES futes AH for nice 20pts lol 😂

LV080606

ES cannot get 5611. It’s a fucking titanium wall

Bronto_Chad

You know 1 /ES contract is equivalent to 500 shares of SPY , it's time to leverage up.

GotBannedAgain_2

I got SPY calls expiring 3 and half weeks out, right mother fucking b4 the Evergrande crash. Got them on Wednesday. Was green for a second or so Thursday open. Come Friday morning, ES went down to the shitter and took my life savings with it. I was just too fucking stupid to cut my losses, thinking it’ll recover. Those 3 weeks were the worst fucking days of my miserable fucking life. And guess what? I went on to lose another 10K on Webull. Then I finally took a break for almost a year. Then my mother fucking dumbass came back with 5K earlier this year. I’ve lost that 5K as well. U wanna laugh at someone? I am your guy.

carbonpro

ES recovered a little in ah

LV080606

Big sell off today in ES, what are the odds we see a gap up tonight before selling

Outrageous-Lab2721

every red candle on the 1m is like 5 pts on the ES

Pir0Ensl4ver

Moving money from NQ and ES to IWM and DIA + opex 19.7, do you live under rock? You are true WSB material.

postachioo

Russell futures green and NQ,ES futures red

Re_LE_Vant_UN

SPY / SPX / ES / MES LEAPS with no hedge...during this kind of insane movement. Normally wouldn't ever do a single leg.

artandambition

Fair point, I trade the ES so I was going off its daily volume.

CloudSlydr

if you're thinking about taxes and you're US-based then you should consider trading index options (SPX, XSP) or futures (/ES, /MES) instead of SPY ETF which has no tax benefits. obviously accordingly adjusted the size of trades/risk to your risk tolerance...

PRH23

Thanks for that. What online broker do you use? I'm having big trouble trying to find abroker that allows futures sold puts and calls on ES.

danf78

ES up 11pts. Did Bears really expect a red Monday? That massive drop on Friday from 3:30pm was to protect the expiring calls. Now they gotta cover.

optionsCone

Nasdaq, NQ S&P, ES Russel 2000, RTY

tendeeznuts

Just ran the ES high, prob dump

Zardov

I'm considering buying some put options on the S&P500, since I consider it overvalued atm. However, looking into this on Degiro, it seems they only have put options on S&P500 futures available. This is kinda weirding me out, since I know little about futures. Please correct me if I'm wrong: If the put option is in the money and exercised, I would be selling an ES E-mini S&P500 futures contract (for example) at the agreed on strike price. So I believe I now need to actually buy this futures contract (at the current cheaper price). However, checking the futures section on Degiro, I cannot find this specific future anywhere... Why do they offer this option then in the first place?!? Am I totally misunderstanding things here? What am I missing? Any explanation would be greatly appreciated...

Not_Rob_Dalton

A chat for overnight ES & NQ that filtered out anyone not actively trading would be an absolute gamechanger

Wma343

So if $ES and $NQ have a positive upward trend throughout the night is that a pretty good indicator that SPY and QQQ will have a positive upward trend the next day?

bitmoji

Let’s talk about ES is doing at night 

VolatilityVandel

I trade $QQQ and $SPY 0DTE daily. But I agree. It’s all about getting the direction correctly and closing the trade before lunch. Learn to read candlestick patterns. It helps if you’re not a DOM trader. I agree with the perceived pattern of $SPY, whereas I’ve observed it myself (Elliot), and markets at cyclical. I would recommend more screen time. The more you watch, the more you will discover. The last two days were easy to call for me because I monitor $NQ and $ES during the night. That way there’s a continuous pattern for me to follow after aftermarket hours until premarket, when $NQ rebalances with $NDX & $QQQ. For example, for the past two days the price was driven up to $500 (QQQ) during premarket, yesterday buyers drove the price from 500 to record levels. When buying exhausted the price fell to newly created levels. Then the price rose back up during after-hours. This time buyers could not sustain the high and sellers immediate began taking profits and took total control. I use $QQQ as an example because it applies to $SPY. The weight of tech in $SPY is 31%. Having the most weight it has controlling influence over its price action. The weight of tech in $QQQ is 51%. Therefore I monitor $QQQ ($NQ depending on the time) because $SPY’s price action will align with the tech sector because its price action is shaped by tech stocks. At first I monitored the stocks themselves but found it much simpler to monitor $QQQ. $QQQ tells me which direction $SPY is going. Therefore I trade both- $QQQ for range and $SPY for balance. There are many other factors involved and too lengthy to type. IJS.

Not_Rob_Dalton

It's ironic how all you gamblers don't even consider the most casino of instruments, ES and/or NQ micro futures. The only decision you have to make is buy or sell and how many, no theta. Red or black redefined. That's it, there's no catch. 5 contracts pays/costs $25 per tick, so $100 per point ...for reference NQ is almost down 500 points today. If you sold those 5 contracts at open and closed them at the bell you'd be $50,000 happier at this moment.

wittgensteins-boat

No idea.  The daily market moved billions on notional value of Options, and DPY, SPX ,and the Future ED, and options on the Future ES are the highest volume instrument, snd highest value options by volume on the planet. Because they are con b acted to the index of 500 stocks, if tge options value diverge from the index, atbitrage starts iccuring where giant funds start playing the other dide of the tradr, hedgedcwith shares on the top 10 or 20 stocks in the index (which amount to 25 to c 35% of the ibdex, respectively).   So, it is really diificult ro move these indexes for more than a minute or  so, without counter trades starting to taking place, even if you have a hundred billion to  play with.    SPY shares themselves are running 45 million a day, fir around 25 billion of value.     SPX value is x 2.5 million daily for  Notional value of 550,000 x 2.5 million for 1.375 Trillion. SPY options notional is 450 thousand daily  options x 55,000 notional total notional volume of $24.750 billion.   Plus futures volumes. 

LookAtMeImInAGang

/NQ futes still droppin' /ES holding steady

Not_Rob_Dalton

Let me share a secret you should all look into, ES & NQ micro futures. 5 contracts pays $50 per tick, so $100 per point ...for reference NQ is almost down 500 points today, you do the math. The only decision you have to make is buy or sell, no theta. That's it, there's no catch. If you sold 5 contracts at open and closed them now you'd be $50,000 happier at this moment.

m00z9

When opening|closing spreads on SPX or ES (or TSLA or NVDA etc) you may often be handshaking with another trader -- someone not purely a market maker Low volume option chains are almost entirely market makers

PromptKindly3543

That’s unbelievable, you need about two brain cells to trade ES futures. But power to you.

LV080606

If we come back to 5630 ES again it might get interesting. Sumbisch is weak right there amigos

johnloc97

SQUEEZE THEM BOLS H\*ES 

Corgan115

https://www.reddit.com/r/Shortsqueeze/s/ES13ZEcNdC

LV080606

5624 about to turn loose in ES. Damn

SleepiestGuyAlive

Any broker. /ES for SPY. /NQ for nasdaq

Alternative-Neat1957

I am in my early 50s and FIRE. We are in the process of moving from Dividend Growth to Dividend Income. A lot of it is going to depend on the yield that you are looking to replace. A couple individual companies that I like right now: ES is a Utility company that has a starting dividend yield of about 5% right now. It is also raising that dividend by 6% a year (twice as fast as inflation) with earnings growth to match. EPD is a MLP midstream pipeline company. It is paying a dividend of about 7% right now with dividend growth of about 4%-5% a year. Because it is a MLP, it has some ROC in their distribution that should give you a favorable tax treatment (talk to your tax pro). It does use a K1. Of course there are some ETFs and CEFs that are designed to provide current income with a secondary goal of capital preservation / growth such as EOI, EOS, JEPI and JEPQ.

slashinvestor

I run a model, which I have developed over the various 15 years. I use it on ES futures. Hence I create something I call levels. Based on these levels I sell puts. Thus if I get assigned I use about 4x the margin needed on ES to determine my returns. It allows me to do an ROI.

slashinvestor

I actually was part of a quant fund where they took a many many many many many many millions account into a single digit million within a space of a week. We had to close ES options so hard that we actually moved the market during trading hours.

SighRamp

As long as market can hold EOW the ATH **SPY** 550.5 **ES** 5585 **NQ** 20370 **QQQ** 488.70 further upside going forward bear will get foooked

jr1tn

MES /ES Futures

taintlaurent

Just went long 25 /ES contracts because you're a stupid broke bitch

DSCN__034

Thank you for this explanation. Well, you are correct, credit spreads and strangles are less advantageous with low IVR. I guess I was just interested in the difference in the two trade set-ups and I was playing around with the TT platform (I'm a transfer from TOS a few months ago). I understand the notional value difference. My question was about the premium collected. On the SPX trade it shows I collect $30 and then the curve shows the $3,000 P/L Theo on the flat part of the graph, if the price stays relatively constant. On the /ES trade tab it shows I collect $30 BUT the graph only depicts $1500 P/L Theo. I guess it's the notional value difference, but it seems the trade tab should show that only $15 is collected. For the record, I do have fewer credit spreads and strangles on right now. I have a /ZB, /GC and /CL strangles, at 6 delta that are 90+ days out. I'm very wimpy with the low vol. Thanks again.

nivek_123k

notional value of SPX vs /ES. see the max profit and the BP effect. with futures can you hold this position if the margin requirements increase 8X and experience a 20%+ price swing? current IVR is SINGLE DIGITS... if you are following TT mechanics (which I support) then credit spreads are not rewarding you for the risk. this is an election year as well, reduce volatility exposure in the next 2-3 months. also since /VX is gasping for life it's time to be more directional, define risk, and move deltas further out. accept less credit or look to use debit trades such as diagonals, calendars, debit spreads, etc.

BeginningBathroom410

> Do you ever trade ratios? Not normally, but I have. Usually just selling options on ES/NQ, as well as going long on the underlying.

DSCN__034

Thanks. I'll start playing around with /ES now given the lower buying power. Do you ever trade ratios? In what products?

BeginningBathroom410

That's because a 30 credit on ES is $1500, whereas it's $3k for SPX. ES is $50 a point, and SPX is $100 per $1.

DSCN__034

But I find it odd that both trade tickets show "credit" of about $30, while the /ES "P/L theo" is half. I've traded SPX mostly, but I'm being lured by the lower buying power on the /ES, realizing that /ES has higher trading fees.

BeginningBathroom410

Credits are the same, but the strikes/deltas aren't, which is why it's different. Also SPX is 2x ES for the equivalent delta. You could also uncheck "View quotes" to make it look cleaner.

CullMeek

I have been buying partial hedges on my short /ES or /MES (SP500 futures) short naked puts. Due to the put skew, my delta is still very low, but I can still collect okay premium with current volatility. I'll buy long put verticals on SPX or SPY (less commission versus futures/more liquid) for downside risk. If you were to look at a visual representation of my portfolio, it would look like a big short ratio spread. Because how far OTM the long put verticals (partial hedge) are, you get good risk reward profiles. I only like to have a debit of 10-30% of the credit I will receive on the short put; I also keep it all in the same days to expiration to keep it simple.

Strict_Ad8279

you know i was trying to hone my craft and create reliable gains no matter how small consistently so i went to r/daytrading and its just a bunch of losers gambling on fake funded prop accounts getting honed every time ES moves against them to the tune of 4% no wonder none of them make money they aren’t willing to build their own account up and learn the hard lessons fuck those guys i’m just gonna journal my moves offline and let the results speak for themselves. wsb remains a better indicator of sentiment

Forsaken-Review-6750

u/St8Troopa You have something here. What do you think about Short ATM (example at 4321) /ES Option (week1), when ITM, let the option get exercises, and be assigned a long /ES contract at 4321. Hence, in a bull market, you get to buy an /ES contract for cheap 4321 minus premium?

fairlyaveragetrader

At face value Trump would be more inflationary. His agenda 2025 plan is just wild tax cuts and deficit spending. You also have the tariffs. It would probably juice equities but the wild card is what happens with bonds. Again at face value it would be bearish, probably, rates went up when it became obvious he was winning the debate. Just to point out the obvious Hillary won all three debates before she lost The election. Statistically Trump should not win as the most reliable indicator of all are the 13 keys and they are pointing at Biden so long as he doesn't make major mistakes and or drop out.. right now markets are having kind of a weird reaction. They are seemingly responding to irrelevant indicators like betting odds and/or this particular debate. I say irrelevant because the hit rates are terrible. The other theory is it's Japan selling a lot of US debt but the timing is kind of questionable because this bond sale off started in the middle of the debate, I was actually watching the ZB futures while that was going on and right in the middle of the debate the futures began to fall. You could literally watch ZB go down and ES go up at the same time

LynoaFox

margin requirement on ES/MES futures can easily double as it did during covid crash (from about 6000 to 12000). Margin requirement history is available at CME website

LV080606

Sure would’ve though VIX dropping would make ES punch a hole in the ceiling with the green dongus humongous

drdrew450

Use SPX or /ES, yes they are for big boys but you can do spreads.

Asleep-Fan-2958

You usually have to apply for futures from your brokerage to get access to trading them. But any platform that has futures has the /ES which is the S&P 500 futures. It has to be a margin account.

Fine-Application-980

Sorry novice here. What platforms give ES options to trade? I have RH, WeBull and Schwab. Any of those. Also can this be done with a cash acct. instead of margin? Thanks

jumptouchfall

ES goes down a bit around 10am CET then Vs up till spx opens

punkrocklava

I have no idea what the news was (but I knew there was news), but I can explain technically. We broke out of a trading range and tested the highs on ES. After failing to break or build support we started showing weakness. I was shocked myself. The larger time frames looked bullish (30/1hr), but price action is king. We started to cross vwap and then retested and rejected opening range for a while. After that was final flush. If you can't go up, you go down. End of month and quarter. Right before holiday week. Cheers!

danf78

ES up 10 points after 4pm. Is the market manipulated?

IAintInTheClub

The bullish open in the ES brought to you by Bidens Debate Performance. New All Time High coming to a trading account near you.

IAintInTheClub

The bullish open in the ES brought to you by Bidens Debate Performance. New All Time High coming to a trading account near you.

adminsarecommienazis

1)Is there an alternative to SGOV that focuses on longer term bonds with the same 0% volatility? 2)/ES options have always confused me. What is their exact expiry time? 4pm EST like SPX, some nebulous time ~6pm like stock options, or something completely different?

WorkingHyena

ES

chodmode2

If you want to go full regard, do it with ES/SPX - at least you won't get early assignment there.

im_astrid

how many of yall use a desktop trading platform? I'm making faster moves and getting more consistent gains using fidelity's active trader pro. kinda built like shit though I bet tos or whatever ibkr offers is better. maybe time for ibkr account so I can trade ES futes anyways