Weekly Options as Trading Weapon & Futures Levels 9.11.2019

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Trading 102: Weekly Options as Trading Weapon by John Thorpe
There are 100's of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.
  1. There are two main uses for the Weekly options As a hedge, no need for stops
  2. As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.
Briefly, the definition of an option contract fromthe National Futures Associationis: An investment vehicle which gives the option buyer the rightbut not the obligationto buy or sell a particular futures contract at a stated price at the specified expiration date. There are two separate and distinct types of options: calls and puts. These weekly options are European Style, Exercisable to the nearest futures contract at 3pm Central time on Friday. If in the money by any amount, the exercise is automatic.
Weekly ES options have......* Update: Mini SP now has Monday, Wednesday and Friday ( weekly options) Expiration!
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Futures Trading Levels

09-11-2019


Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.