Recent content by pyhootie

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    SPX Credit Spread Trader

    OX does not have All or none orders - I called several months ago to request that they put it on the order page. I was filled for only 2 contracts instead of 15 - the commissions almost wiped out the profit I made. I didn't think to complain to OX about this. Hootie
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    SPX Credit Spread Trader

    Put on a DEC 1230/1240 credit spread yesterday at .50 Legged out to today at near the top (spx=1269) with the 1240. Sold the 1230 when the spx hit 1267 for a total return of 3% after commissions. Not bad for 2days. I say all of this to thank everyone on the board. This is truly a learning...
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    SPX Credit Spread Trader

    I feel better already. Thanks
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    SPX Credit Spread Trader

    Got into 10 SPX Nov 1150/1160 credit spread today at .65 before the market headed North. 6.5% return with 11 days till expiration. Will be looking to capture more premium next week depending on market direction - would like to get another 3% if possible. Hootie
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    SPX Credit Spread Trader

    Phil I've adopted the policy of waiting to put on any credit spreads till 3 weeks before expiration. I can still get my 4-5% credit, still go OTM 40-50pts deep, and have time (or lack of it) to really in my favor. I like Donna's idea of putting on a put spread and then buying 1/2 of the call...
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    SPX Credit Spread Trader

    Hey Agyar, I think that I'm a lot like you - being on the conservative side - but that being said - the market almost caught up with me this month. I put the 1165/1180 spread on with about 15 days left and the SPX was at about 1225. Who would have thought that the SPX would drop 45 points in...
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    SPX Credit Spread Trader

    Yes I held all the way - no adjustments - thats the reason for the wild ride of emotions. I was in a position that I had no computer or cell phone acess to call OX during the day. It's not that mine are bigger than yours, just lucky and I know that I was just lucky. But I also had that gut...
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    SPX Credit Spread Trader

    WOW - It's been a wild ride this week for me. I was busy traveling the back roads of East Texas and out of touch with the rest of the world during the day and only access the internet at night in the motel. I had a 10 Oct 1165/1180 spread on that saw some wild swings this week. I vowed that...
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    SPX Credit Spread Trader

    Had an order in for a 10 spx 1240/1255 spread at .35 credit. The b/a hit .30/.60 and I could not get a fill - talk about the mm's being greedy! Oh well, there's always tomorrow.
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    SPX Credit Spread Trader

    Coach, If your looking at puts, which ones are you looking at? Hootie
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    SPX Credit Spread Trader

    I was looking at the 1150/1160 - but I thought I would dangle the bait on the 1140/1150. It's like bass fishing, throw the lure out there and see if you get a strike. You have to cast a lot of times to get strike. Thanks Phil for your excellent work, training and attention you put in this...
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    SPX Credit Spread Trader

    I soon as I place the order the b/a spread dropped .25 - oh well there is always tomorrow. Hootie
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    SPX Credit Spread Trader

    Trying to get a order filled on 1140/1150 Oct Put Spread 10 contracts @ .60 credit I know I'm pushing it a little bit on the credit but we shall see. Pyhootie
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    SPX Credit Spread Trader

    Phil I used the live help on OX and was told that I could call in an order for all or none, but that there wasn't a check button on the spread order ticket. I was told that this would make my order harder to fill. Anyway, to make a long story short, I requested that a all or none button be...
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    SPX Credit Spread Trader

    I put in an order yesterday thru OX for a 1260/1270 spread - 10 contracts @ a credit of .45 There is no place on the order screen for an all or nothing order, well I was filled for 2 contracts, which will barely cover the commissions. Question - Is there anyway (other than phone call) to...
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