Lancer Evolution IX, SE, 9.5 Editions: Photos, News, Reviews, etc...[MERGED]
May 28, 2005, 11:49 PM
#1729
Evolving Member
Join Date: Dec 2003
Location: college station,tx
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Originally Posted by ES Trader
As of next week (Tuesday @ 08:30 CST) I will be SHORT the S&P 500 futures contract with 20 extra contracts (ES contract) that I will buy to cover when the EVO IX finally shows up here in Austin.....that should about cover the cost in cash for the car and all fees out the door. I will let the market buy my car for me as others in the past......if my overall trade position hits about $38,000 before the car shows up in the color I want I will buy to cover all positions and call it good.....we will see what happens! 
The market closed around 1199 for the ES contract on Friday. So if I place my 20 ES contract SHORT position when the market re-opens for trading Sunday night at 17:30, then with a fill around the 1199 price level I will need the market to drop to the 1161 price level at some time prior to the car showing up at the end of summer.............stone cold lock!!!!!
20 ES contracts SHORT is $1000 per 1 point of drop in the S&P500 ES futures contract....so I need a drop from 1199 to 1161 to achieve my market paid for auto (the market was as low as the 1130's area just a few weeks ago prior to this "hope" two week rally....................this is the way to buy cars....with OPM!
The market closed around 1199 for the ES contract on Friday. So if I place my 20 ES contract SHORT position when the market re-opens for trading Sunday night at 17:30, then with a fill around the 1199 price level I will need the market to drop to the 1161 price level at some time prior to the car showing up at the end of summer.............stone cold lock!!!!!
20 ES contracts SHORT is $1000 per 1 point of drop in the S&P500 ES futures contract....so I need a drop from 1199 to 1161 to achieve my market paid for auto (the market was as low as the 1130's area just a few weeks ago prior to this "hope" two week rally....................this is the way to buy cars....with OPM!
we need to talk!!!!!!
I gave them a smile and was on my way.
May 29, 2005, 11:48 AM
#1739
EvoM Staff Alumni
iTrader: (2)
Join Date: Jun 2004
Location: MindYaBusiness
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Originally Posted by VTECH8TR
Here in Tampa and Brandon they don't have any in the dealerships.
