Recent content by JimPos

I spoke to someone at OX recently and they still charge margin on both sides of the diagonal. Something about long and short strikes being in different months. They only charge for one side on IC's.

Cache, thanks for simple explanation of what you are doing on this board. I waiting for the next episode. Jim

Murray, When you calculate your return, do you calculate it on margin of only one side of the calendar or margin on both sides. I use OX and they require margin on calendars on each side of the double diagonal. So for your double diagonal it would be $50000. Thanks for all the great...

Murry, Sounds like it's worth considering moving to Grand Rapids. My next question is: When do you think GRIC will be offering it's classes online? I would like to be the first one to sign up.

Coach: Hope you don't mind but a couple of newbie questions: How does the ES and EW futures equate to SPX. Since I do not trade futures yet, I am curious to follow your trades with similiar positions on the SPX. Also, how did you manage to obtain the initial credit. Did you leg into the...

Coach: What stochastic parameters do you use to determine your oversold and overbought conditions? OX uses stochastic, Full (10,3,10) as default for their Java charts but am not sure it that is the most accurate for trading credit spreads. Thanks again in advance for your response.

Rally, It's even better than that....it is only 4 weeks to Sept. 15!

Coach or Anyone: A newbie question. What RSI and/or Stochastic charting parameters do you normally use for indicating oversold/overbought conditions for credit spreads? I am using the charts that OX Java charts provides and their fast stochastic is set at (10,3,10). Is this ok or would other...

Murray: Thanks for the handout. This one is definitely going into the playbook.

Murray: Sorry in advance for a newbie question. When you place the diagonal call spread, do you look for increased volitility or decreased volitility as you do with the diagonal put spread. Thanks. Jim

Coach: On your Sept. 1200/Aug1225 ES diagonal put spread. How did you arrive at your short strike of 1225. Was it based just on support levels? Since you want the index to approach your short, is there a ballpark delta your are looking for as you would for a credit spread?. Thanks for your input.

Prevail: What do you mean when you say the spread is reversed?

Coach: On the diagonal calendar spreads, I have a few questions. Since you want the index to approach your short strike, how do you select which short strike. Do you use delta as a criteria or is there some other criteria such as support and resistence levels. Or do you select the long strike...

Sold a SPX 1195/1205 Bull Put Spread @ .80 before the fed announcement and tried to buy it back for .50 after the announcement but there were not takers even though the b/a mid was less than .50. Will try to buy back for .40 tomorrow on any uptick.

Coach: Congratulations to you, mom, and the wee one. All traders have to start out small somewhere.