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(SPDR S&P500 ETF – SPDR Dow Jones Indus ETF) Our broad market pair “SPY-DIA”, closed up $0.27 at $28.76. Now we are back in the middle of our channel, and still looking both long and short with this pair. The /ES Futures seem to be selling off at 2391.50, and down a few handles, getting net short of the RTH Close as/of this 9:19 PM writing. If move continues, it may pull our SPDR ETF’s down to the bottom of the channel, for a long entry of $28.0 during Thursday’s RTH..
- Pair: SPY – DIA
- Sector: SPDR ETF’s Industry
- Current Distance from mean: 0.01
- Correlation: 0.98
- Spread Range: 28.00 to 29.30
Pairs Buzz Wednesday, and we have added short layer 2 at a negative ($0.65) spread value for our energy pair “XEL-CMS”. We have had nice upward movement in this pair, and it is overbought and closed 0.467+ above the 10 SMA. With two layers open, we should have nice gains, as the pair works its way back down toward the mean.
“Bees & Pairs”, Utilizing the Underlying, Puts, Calls & Pollinating High Or Low With The Queen, as she makes the “Random Flight Of The Queen Bee”. Get a taste of “JaxsOpts(TM)” Multiple Legs Of Equities Options, I.E. (SPY-IWM, IWM-QQQ, IWM-DIA) all of which bring new trading environments for safety and enjoyment. The “JaxsOpts(TM) trade strategy starts with buying long an anchor option pair, then shorting a second complimentary option pair with a common thread of a lead stock. This is more exciting action, and we have added it to our Bonus Excel Sheet, along with the “QueenBee(TM),”HoneyBee(TM)” & “Bumble Bee(TM)”, all of which are great for discussion and evaluation for our Thursday Pairs Trading Hour Show!
“QueeBee(TM)”Capital Commitment /ES Futures Margin Requirement $5225.(Pending QueenBee(TM)trades quoted as *CPP* Credit Price Position) The March “Weekly” Short Call option is the (./EW1H7C2410), The long Put option is (./EW1H7P2320). The /ES Underlying, may or may not, be entered into long, or short, at the discretion of each individual trader for additional profit potential with more Pairs Trading Set-ups.
“HoneyBee(TM)” Ishares Russel 2000 ETF & SPX 500 “Weekly” Call IWM – SPX March 3,$2430C Welcome to our “HoneyBee(TM) Trade strategy. We start with selling regular size short *(12 to 25)* for mid-range instruments, and then buy 1 call, with about a (5 to 10) Delta in order to always protect our short IWM shares. Another Pairs Trading Set-up.
TOS, has us back in business with importing our pairs from our Bonus Excel Sheet & Now We’ve Added More New Features To Trade Our Pairs Using Both The Spread Value & The (PPL) Position Price Level
“Futures Pairs” /ES-/TF Wednesday 1st, at (8:31 pm) & our pair is about 34.82+ above the mean for our (S&P 500 – Russell) Mini Futures Contracts. “Expected previous consolidations were” *25.0+ to 35.0+ above & *25.0- to 35.0- below, the 20 Day (DM) Distance-from-the-mean, and “will be re-evaluated”. The present 20 SMA is at 945.70. These trades are self directed trades strictly managed by you the individual trader, and “Ninja Pair Trades” are not tracked in our “Pairs Trading Portfolio”…
For any questions, comments, new ideas, or to request your pairs trading starter kit, please email Tom “The Southern Gentleman” Cook at pairstrader@shadowtrader.net.
Thursday & Looking Forward To Seeing Everyone At The Pairs Trading Hour Show!
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The commentary above is excerpted from the ShadowTrader Pro Pairs Trader newsletter. The newsletter is a stock only service designed for active equity traders who are interested in pairs trading of equities long and short simultaneously so as to profit from divergences while maintaining a market neutral bias.
The daily report spotlights one equity pair which trades in a definable range and whole stocks are positively correlated. The objective of the newsletter is to present one such pair daily that may be coming into play currently, giving self-directed traders the opportunity to put the pair on watch for possible entry. Additionally, Pairs Trader sends out specific trade recommendations intraday on selected equity pairs. These trades are actively managed via real-time text alerts and are tracked in the Pairs Trader Portfolio.
Specific pairs trade recommendations are posted to MyTrade as we find them. The ideas are always presented as a matched equity pair, alerting subscribers to purchase one stock while simultaneously shorting another, often within the same sector or industry group. Trade alerts clearly explain the analysis behind the setups and also educate newer traders on basic pairs trading concepts such as spread, ratio, correlation, beta/market neutrality, and more. These trades are added to the ShadowTrader Pairs Trader Portfolio which is updated nightly and included in each day’s edition of the Pairs Trader newsletter. The newsletter is sent out each night assuring that users have ample time in the morning to digest the information.<
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