ES

ModeForJoe

London session sharply dropped 0.7% on NQ and ES, before retracing to a 0.5% drop... what do they know? If they knew Cheeto Benito was dying, it would be up. Oh crap, we're invading Venuzuela 😬

sami_regard

NQ says we have strong support. ES says we dump tomorrow. Probably be both.

prana_fish

Ngl, it's not just that futes are mildly red, it's the current NQ/ES price action I'm just now looking at that is concerning for bul. Legit selling going on. Everyone knows September is weak, and that drop Friday was an opening salvo. Profit taking after such a strong summer and going into no upcoming real catalysts (fuk yo rate cut) isn't really much of a reason to keep holding. Get your puts first thing market open.

prana_fish

Ngl, it's not just that futes are mildly red, it's the current NQ/ES price action I'm just now looking at that is concerning for bul. Legit selling going on. Everyone knows September is weak, and that drop Friday was an opening salvo. Profit taking after such a strong summer and going into no upcoming real catalysts (fuk yo rate cut) isn't really much of a reason to keep holding.

MarginCalledManager

it appears a lot of literal regards don't actually know what the futures and futures market is; the main index futures at the ES NQ and YM for S&P, Nasdaq, and Down, they trade 6 p.m. eastern to 5 p.m. easter sunday through friday (closed from 5 p.m. to 6 p.m. easter) they are underwritten by CME Group, and you can see everything about them here: https://www.cmegroup.com/markets/equities.html#overview

MarginCalledManager

neither of those are the ES YM or NQ futures....

MarginCalledManager

/ES futures going splat

MarginCalledManager

whatever this shit is it is 100% not ES NQ or YM futures lol

spann31

The LiDAR is currently being used on the EX90 and it will be used on the ES90. They are the only western company to have their LiDAR being used on a car that’s currently on the road

MarginCalledManager

because /ES /NQ /YM and all other futures contracts and their options don't close for another 3 hours, and then reopen 6 hours later

Encripta

They just sold 31k cars in August, 50% up from previous year, stock double from april and meet with analyst estimations. New car ES8 begins deliveries this month and they have more preorders than for L90. 50k cars sold a month once 3rd factory is running seems achievable. Stock can go back to 10 sooner than you think.

Beret888

I sell naked puts and calls depending on the day usually between 940 and 1010 and I usually go for 50 or 60 delta strikes but I only sell 1 side a day, if I think the markets going to go up I sell puts etc but honestly I don't really care which direction the market moves I defend with ES futures its easier if I don't have to do anything but I'm completely comfortable defending them, in general I only sell 0dte SPX options to keep things easy I feel like its the best bang for the use of BP and I don't have to worry about overnight risks with everything cash settled at 4pm.

LeadershipSecure1664

PSA to who cant wait casino to open, ES (SPX) & NQ futs, options on futs, options on index are trading now

MarginCalledManager

/ES /NQ /YM and all other futures and futures options opened as normal at 6 eastern

andyno30

https://preview.redd.it/98866xr3zfmf1.png?width=1124&format=png&auto=webp&s=b727adf72a64076e118976aad59feab2f344e632 Dont get me wrong, there are millions of way to make millions in the market but the irony is that they are all hard to find. I trade SPX 0dtes and ES as my main living expense for years. It’s just that I would NEVER EVER risk 37k to make 1k. Above is a screenshot of my good trade (4.3k in 9mins) which was only 0.8k risk.

WickOfDeath

As far as Copilot knows the ES and NQ is traded at the GLOBEX and GLOBEX has reduced trading hours at Labour day. I assume they are available, that will be good for my three MNQ long.

ExampleFree2817

delivery in Aug is above 31000 and this is number is without the brand new ES8. We could see 45-50K delivery in Oct

Beret888

I sell 3 SPX contracts each and every day, at 9am I make the decision whether I'm selling calls or puts based on all the available info news etc order flow Yada Yada Yada.... Im obviously selling the opposite direction I'm expecting the market to trade. Shortly after RTH open between 945 and 1005 I sell what I've decided to sell usually 2 strikes from spot at the time of execution. In the event of a defence. Assume I decided puts were the play today.... I will enter a sell stop market for 6 ES contracts at 1 pt the ES equivalent above my SPX strike. Assuming I'm short I'm looking for a bounce to cover on so that the area I need to get short to protect my premium collection is now lower then my sold strike. Does it always work out this way?????Absolfuckenlutely not ....... At best 15% of the time does the retailer/optimum subscriber get to cover and forget......

notentertained90

That's because of all the bullshit that goes on with that stock, and is exactly why SPX is the better choice. The market hunts for liquidity on ES futures and is far more predictable and stable than the TSLA clown show. You might catch a windfall day on TSLA but it will fuck you just as easily the next day.

MarginCalledManager

why? /ES /NQ /YM and all other futures contracts and contract options are open on Monday

HywayKind

/ES approaching a barrier line... opps never mind

HywayKind

spy can't even keep up with the /ES

GoZukkYourself

There are like three neckbeards passing /ES contracts back and forth right now.

ilovecuckoldsss

holding a single Sell on /ES mini overnight that i bought at yesterdays high https://preview.redd.it/j26bs0hkuxlf1.jpeg?width=1284&format=pjpg&auto=webp&s=b617475f200a773e3ce8736851f422881e6b8598 not sure if i close it now or wait for more dumping today

rriggsco

BTC down 0.57%. ES down 0.1%.

EvolvingDior

Gold dropped, SPY (ES) popped. A tiny, but noticeable bit.

EvolvingDior

We're almost 5 hours into the fute session and ES volume is at 18k. No volume at all.

Cyborg4Ever

Can you share with me the ratios of how many 0DTE put/call SPX options you sell ? And if the position goes against then how many ES/MES you buy/sell to defend ? I usually sell $1 premium naked puts on ES, I sell 5 of them. I hold until expiry or sell it for stop loss at $2. So 1:1 R/R. I very rarely sell on the call side, but mostly on put side.

GotBannedAgain_2

Yah bro. If u get a pump tomorrow, gtfo. Don’t hold for next week. Tuesdays after Labor Day have been bearish for quite a few years now. And we just hit ATH on ES. There’s going to pullbacks.

SwitchedOnNow

Tomorrow I'm buying a nice bottle of really old liquor and starting a four day weekend. Might short the mini ES when I wake up, might not.

DFW_BjornFree

I'm a real person Scalp GS/ES on the 15 second chart while keeping the 5m and 15m charts open on the side.  I barely touch 0dte now that I've realized how much better futures are.  Imagine all the leverage of an option with zero theta decay.  Obviously futures have more risk than options but the trading is so much more simpler just use a stop loss and a take profit

DFW_BjornFree

Futures are way better for scalping. Trust I stopped scalping with 0dte and switched to ES minis and instantly I was making more money than I could handle

Beret888

I never use options to defend 0dtes, yes theres some slippage with ES but the days I do nothing and keep the premium entirely by far make up for the days I get stuck defending all day, plus some days you just end up selling a call when you should have sold a put and it blasts through your strike and never looks back.... Those days are fine too because yeah maybe I lose a half point on my market buy stop triggering but I just sell and close near the end of the day and cover my short call with the proceeds.... All in all for me atleast I think its the simplest way of selling 0dte and not getting your face smashed. Thats not to say there haven't been days where I have handed back all the premium and then some going back and forth but as they say theres no free lunch...

dataCollector42069

Hopefully ES/NQ rugs today to help switch the bull momentum off

dacalo

What’s with big hulk candles all around? BTC, NQ, ES.

LGO_from_KDCA

Yes, I remember. Well thought out credit spreads on both Puts and Calls. SPX, 10∆, 85-90% OTM, 0DTE, closing out with 75% Profit. Same thing the next day. I don't subscribe to the seasonal thing except for corn and soybean futures options. Nivdia is a mixed bag, the tech giant [reported better-than-expected earnings](https://www.cnbc.com/2025/08/27/nvidia-nvda-earnings-report-q2-2026.html) today and said sales growth this quarter will remain above 50%. However the stock has slipped this evening in extended trading as data center revenue fell short of estimates for the second straight period. At the moment the futures options are trading mixed. At 10:30 PM (ET) ES and NQ are down a little and the NQ is up a little. I have no idea what SPX will do tomorrow but will be ready to trade using my 10∆, 85-90% OTM, 0DTE lopsided asymmetrical legged in iron condor method. Have a good evening.

Cyborg4Ever

Yeah I trade 0DTE as well. I love 0DTE, it’s just that it needs more constant monitoring to trade it. Also I just trade 0DTE still and just put a 2X stop loss instead of hedging it with future contract when you get tested. The problem with hedging it futures is that, ES does whipsaw a lot and so hard to hedge it directly. Am surprised you are able to manage it though. Do you counter hedge the future contract as well when you short it with any call options ? just so it does not go up again on the same day , like 50+ pts.

EvolvingDior

Big wall at 6481 on ES tonight.

EvolvingDior

The fact that my ES put sell order didn't trigger when ES fell below 6465 has me a bit miffed. When we hit 6460 it should have been worth $2 more than the limit price. I know it was a crazy ride and we were not down there very long. Still... Oh, well. I had planned to be in it for the long haul anyway. This would have made for a nice early exit.

GotBannedAgain_2

ES is already recovering. Man! Can’t catch a break these days. 😭

42thefloor2011

ES is 10 points away from JPM's 6505 collar. If they get it there during the cash session today you can 100% count on a massive sell off tomorrow onwards.

beachhunt

I second the "adjust credit spreads by turning them into condors" part, I do that on /ES but then I try to close the whole condor at my original profit target for the spread. Even when it doesn't win it softens the loss, and I don't end up closing tested spreads that would have gone on to win. I don't tend to do a lot of readjustment or rolling, or at least I don't think of it that way and just treat each trade as its own thing.

APointAndALine

ES new session highs

MarginCalledManager

Or just trade ES NQ and YM futures contracts and options 23 hours a day with no PDT restriction rules at all.

NorrinRadder

Ok thanks, so this position is +4.1 delta, -22.2 theta, -424.5 vega, 32.50 in premium. I don't get how this is the right play if you're expecting a pull back tho. You're delta positive and short vega, which should go against you in a pullback. But let's say vol doesn't change, you're still losing theta daily. I don't get how this ends up profitable without ES going up and you winning as a directional play. If you keep rolling the long put with similar theta you'll just get eaten by theta. >That's because I've learned this trade is most vulnerable during the first 2 weeks. But this is where your long hedge loses the most? Btw I'm not saying you're wrong, just trying to understand your strategy here bc I don't get it. In fact the profit profile tells me you're right. And using two options 14 days earlier (long put 14 days from now with short put 95 days from now) is also cheaper so suggests your position will be cheaper to close in 2 weeks. I just don't get why it works with your position's greeks.

whodey84

What if you play ES futures as a FED governor? Why didn't he fire them?

schnoggly

Should I short ES while markets still haven’t collapsed

NorrinRadder

ES short Dec 6000P + long Sep 6400P = -176 delta, -752 theta. $1350 in premium, $3450 margin. I don't think it'll ever be delta or theta positive with the long put being 400pts higher unless you go even further out in time with the short put.

zapembarcodes

I do this with ES futures. It's a delta positive position.

Impossible_Notice204

ES futures looking super dumpy. ES is like the futes version of SPY

tooclouds

1 delta relative to what? The options chain? I’m talking about portfolio delta relative to the S&P500. I can buy a bunch futures contracts and get a portfolio delta of 300 or I can buy some micro ES and get a portfolio delta of 50. Say i want something in between then I’ll buy ES and short MES but still be overall long S&P500 or do it to be negative portfolio delta

Wonderful-Abies1489

ONVO L90 and NIO ES8. Both are well received, great design, attractively priced, with significant orders. Their R&D investment is paying off, especially their self-driving tech using their chip vs Nvidia; significantly lowers their cost.

EvolvingDior

Awful lot of green on the ES chart for the past 2 hours.

plantsadnshit

New brands: Firefly and ONVO. ONVO launching a new SUV which is doing really well. NIO launching a new SUV as well- ES8 Gen 3. At the same time increasing revenue, and CEO saying they might become profitable in Q4.

stupidber

For all the retards that don't know where to find futes [https://finance.yahoo.com/quote/ES%3DF/](https://youtu.be/dQw4w9WgXcQ?si=HqmtvHX2bewMER8u)

Beret888

So we are 1300+ pts away. Don't do anything.... Im not sure of your thinking of selling options on futures... If so thats not what I'm implying I'm am saying to get short ES futures contracts not the futures options around 5100. Maybe a bit above and if you have a 120dte I'd be getting short the DEC future contract not the September one. But for now do nothing.... Using derivative to defend derivatives is almost always a bad idea because your deltas never line up and even if they do gamma is gonna ruin your day..... I sell 0dte SPX contracts every day and I just keep it simple I only defend with futures if I get challenged yeah I give some premium back on slippage and whipsaw sometimes but if your selling options to take advantage of the Greeks I don't see how its a good idea to become a buyer of options when its already going against you especially when there's such a simple alternative that you only have to keep track of price with, no deltas, no theta no gamma..... I mean thats what market makers use largely so why wouldn't we do the same thing on our small scale right?

Cyborg4Ever

I thought about this as well but I thought of selling it upfront rather than defending when it hits my strike. Selling 2 ES is a lot as ES can go up/down very quick. So I currently sold 5100 strike 120DTE put option, 10 QTY on ES for $55k margin. 10 ES = 5 SPX naked puts. Do you think it is more reasonable to sell 1 MES contract now rather than waiting for the strike to be hit ? Yes I will lose $500 for every 100 pt up move in ES. But my gain on naked option will definitely be higher 2x $500 atleast.

Beret888

Are you able to trade futures? You can always defend your puts with futures 2 ES contracts fully counteract an SPX contract. If you have the margin to sell a naked SPX put you should have the margin for ES. Set a market sell stop near your strike (it has to be a market sell stop a limit order won't get filled in a flush) good till canceled. Forget defending derivatives with derivatives. Your risk becomes whipsaw if it flushes below your strike and comes back up but if your not that close to the fire then you should be ok. The advantage is that your not wasting money on a maybe defence your only putting capital to work in the event of a breach.

EvolvingDior

I should just buy and hold a shit ton of /ES

Cyborg4Ever

Thank you for the detailed answer. I collected $25 premium 120DTE and my strike is 20% away from ES $6400. Looks like I am able to buy $0.50 14DTE hedges (5100 strike). Tasty trade margin for my naked put options is $55k for 10 contracts. I don’t want to size any less than 10 contracts, If margin doubles then am okay to deposit money same day. Am just planning to hold my naked puts for 2 or 4 or 6 or 8 weeks. In 8 weeks I may lose $2 premium in hedges but may easily make $10+ (15 maybe) dollars if market trades even sideways. The hedges have almost 0 delta but I just want to buy them to avoid MAJOR MAJOR crashes. Do you still think this is a bad strategy ?

Bright-Efficiency614

$45 by year-end isn’t just possible, it’s inevitable. Momentum is building, (ES8 & Onvo L60 ) sales are ramping, and the market is starting to wake up to NIO’s true potential. With China hinting at rate cuts soon and EV-friendly policies, NIO is perfectly positioned to capture explosive demand.

GotBannedAgain_2

Hard to say. ES pumped while NQ lagged big time. If this continues, NQ is gonna drag everything down. ES 6500 is a big level. And if SPX somehow managed to kiss 6500, it might trigger a sell off.

GotBannedAgain_2

NQ lagged while ES almost touched ATH. Market lost steam by 11:30am. VIX is at YTD low. I don’t know boys. This feels like a rug pull where all the gains r wiped out the next day.

GotBannedAgain_2

If u r a religious person, I’d pray. I am sorry but if ES doesn’t open seriously green, u r looking at a huge loss - Theta will bring your price near to $5 per contract or worse at open. Sunday Futures, Tank Seng, Nikkei, and Monday UK open will give u some ideas as how the US market will open. If u have the cajones, hold till a favorable price. Else you’d sell at the first green candle. Better to walk away with something than nothing. Good luck!

ExampleFree2817

I'm pretty sure brand new ES8 could have 10K/month sales in first 3 months .

GotBannedAgain_2

This ain’t gonna hit. I am sorry but ES ain’t moving another 50 points on Monday so SPY can hit 650. Most it’ll move about 25 points so SPX can finally kiss the 6500 level. Worst case scenario, we sell off on Monday like we’ve done numerous times after a sudden big move. Good luck!

collinincolumbus

Short 2 /ES over teh weekend at 6488 GL

Agreeable-Salary3413

SPY is settled in shares of SPY. If you end up short an option that is ITM at expiration you need to buy or sell 100 shares of SPY at the strike price. SPX is **cash** settled. When an option finishes ITM, you either receive a cash payment, or pay a cash amount equal to 100 times the strike price. There are no 'shares' to trade hands. So, if you are long a call at 6000 (for example) and SPX settles at 60001, you just get 100 cash. You don't need to exercise the option and then sell shares XSP is the same at SPX but at 10% of the price, so it's currently around 637 instead of 6370. Easier to trade with a smaller account. Another instrument is the S&P500 futures contract /ES. It has futures contracts instead of shares, and daily options that are settled in contracts. Each option represents 1 contract, each contract represents $50 per SPX point. You need access to futures trading and margin to play with /ES and /ES options.

housemouse431

oof wish I longes futes at that ES low.

housemouse431

bulls recovered at a higher low from wednesday...literally snatched ES from hell right there

Sharaku_US

Why do SPY when you can do SPX? Or if you don't have the cash do XSP instead. If you only do single leg options ES or MES calls and puts are also good choices.

Comfortable_Loan_742

Buy options on futures since they trade overnight. ES or MES futures if you’re normally a SPY trader.

ModeForJoe

where's my bounce on ES?

MarginCalledManager

trade the /ES /NQ or /YM futures contract options... no PDT rules and trades 23 hours a day

Beret888

Keep it simple, you don't want to define the risk... OK but defend either side with futures long or short 2x ES contracts per SPX contract. But even that leave you susceptible to whip saw around your stop. Bottom line theres no free lunch only tradeoffs.

EvolvingDior

Hmm... gold, BTC, ETH, /ES all down. /ES down more than /NQ. USD basically flat. Same for treasuries.

Old-Cantaloupe-1711

If you don't go SHORT TOMORROW you will regret I'd even short ES FUTs tonight Go for 30 contracts and just go to bed Wake up tomorrow 11am PROFIT HOLD til 230 and enjoy the PM selling

Frodogun

ES?

Cormyster12

you can make plenty trading just ES

HywayKind

it's that /ES 6400 line that's making a barrier

Rez-_-

Continuing where we left off yesterday, no interest, do not take the bait on calls or longs until ES S&P futures tests 6394-6400 range

EvolvingDior

Went short /ES after the dump. No regerts.

EvolvingDior

I'm short /ES, so that cannot happen. The universe will not let me win like that.

EvolvingDior

Someone really doesn't want /ES below 6417.

Secure_Dog3810

Grabbing 8/22 and 8/29 calls on ES and NQ right now

EvolvingDior

There appear to be more sizable than normal gaps between /ES and SPY this evening.

Rez-_-

Don’t go for calls until you see 6394-6400 hit on ES futures hit. You’ll be glad you got out

Rez-_-

When ES S&P futures hits 6394-6400. Either look up the ticker and see where that correlates to on SPY or if they expire today sell half at 100% or whenever you feel good enough with the gain. I can’t do it for you just don’t get greedy

Rez-_-

https://preview.redd.it/2cxa4a6m20kf1.jpeg?width=828&format=pjpg&auto=webp&s=fca25c83601775f4f1100974445fbb07dd397261 Not selling til ES S&P futures hits 6394-400 and maybe I’ll leave runners. Given more than enough warnings in the last 30 minutes that y’all can get paid, the later you enter the more that risk isn’t on me. Calls before that range are going to get you wrecked, puts expiring today tomorrow or Thursday can get you paid

Rez-_-

My last warning. You can get a major payday riding out shorts until you see 6394-6400 range on ES S&P futures. Don’t take the bait on calls or a bounce until you see that range tapped. Don’t fuck it up regards

lookingforajob2020

yeah, grabbed more puts on that fake bounce to 6450 on ES

Rez-_-

Is anyone listening to me and taking my 99.9% confident hot tip on riding short dated puts til ES futures hits 6394-400 or everyone still wanting to downvote me instead because calls feels easier?

Rez-_-

Trying to help my fellow degenerates get paid. Ride short dated puts until you see ES test 6394-400. Don’t get greedy after, only leave a runner or two once it hits.

Rez-_-

That’s all I’ve got for you right now, right out short dated puts until you see ES futures hits 6394-400 area and TP majority there feel free to add runners after but don’t get greedy

Rez-_-

DO NOT BUY CALLS UNTIL 6394-400 range on ES FUTURES GETS TAKEN OUT. I am 100% confident it happens

Rez-_-

Getting downvoted for telling you all you can easily make money on short expiry puts until ES futures takes out 6394-400 range which is an almost 40 point drop—makes me even more confident

Rez-_-

Still about 40 more points to drop on ES futures til I expect to see a prolonged bounce

Rez-_-

Not going back up to ATHs til ES futures hits 4394-400 area. If you’re swinging 0DTE hammer puts

optimaleverage

Futures are decidedly NOT ripping. I wouldn't say there's much happening yet. Maybe a selloff if ES holds below it's opening range for the session.

Proof-Conference-765

Options on Spy are equivalent to /eS but / ES is leverage x 12 you should paper trade /ES on CME simulated account The chart is delayed so don't look at live data This is why you have so called guru making big trades Do that then try a prop firm