SOHU

SOHU closed above the 20SMA in average volume. It looks good to break the resistence at 30.

I will watch it closely this week and plan to close half of the position if it crosses 30 intraday to book some profits in case it pulls back below 30.

The current open interest in Mar 30C is 7,839, which is not very big. I’m not sure how market markers will play near expiration days (roughly two weeks away). For premium sellers, they would love to let Mar 30C expire worthless and they can sell Apr 30 C and 35 C again.

SOHU

SOHU closed above the 20SMA in average volume. It looks good to break the resistence at 30.

I will watch it closely this week and plan to close half of the position if it crosses 30 intraday to book some profits in case it pulls back below 30.

The current open interest in Mar 30C is 7,839, which is not very big. I’m not sure how market markers will play near expiration days (roughly two weeks away). For premium sellers, they would love to let Mar 30C expire worthless and they can sell Apr 30 C and 35 C again.

New Order Entry GUI Design

Here’s a new GUI design I have come up for order entry management. In addition to a DOM price grid where one can click to generate a buy or sell bracket order with target and stop loss, a canvas is provided to manage orders.

The generated backet orders are represented in a canvas where all price levels are drawn in horizontal grids much like the ones in a chart. Each order such as entry, target and stop loss is reprresented by a circle or rectangle. These three or more circles or rectangles are linked with either dotted or solid lines to form a trade group. One can drag and drop or move the circles or rectangles around and they can anchor at any price grid lines. If one likes to scale in, more target circles or rectangles will be formed in the trade group. If an order is filled, it will be fixed at the filled price grid line vertically, but one can still move it horizontally.

As illustrated in the diagram, if ES is traded, the first trade has a Buy 1 ES (B1) with a target Sell 1 ES (T1) and stop loss Sell 1 ES (X1). The second trade has a Buy 2 ES (B2) and two targets Sell 1 (T1 and T1) and stop loss Sell 2 (X2). One can form multiple trade groups, each with different set of strategy that manages the targets and stop loss. The canvas provides a nearly free-form order entry management interface to any trading platform. In a way, it looks like a chess board!

ES

ES went up to 1032 before the session close, but it dropped to 1126 after the market close based on INTC and YHOO earning announcements. Both INTC and YHOO dropped more than 3% AH. Buy The Rumors and Sell the News!

ES

ES went up to 1032 before the session close, but it dropped to 1126 after the market close based on INTC and YHOO earning announcements. Both INTC and YHOO dropped more than 3% AH. Buy The Rumors and Sell the News!