Recent content by rdemyan

Mark: Is the bid/ask range just wide on the trader's computer screen for the SPX as opposed to the "real bid/ask" in the pit. Example: Today, I wanted to close my Sept. 1550/1560 bear call spread (I'll be out of town and can't watch it). On the ToS screen the bid/ask was $0.15 to $0.80...

Got filled today on the following: August SPX 1550/1560 bear call spread at $0.70. Haven't followed the thread or traded in about 4 months, but it looks like people (even Coach) are starting to gravitate towards the NDX. I always thought the NDX was too volatile. But maybe not?

Yes, I'm seeing the same thing. This week with the SPX at 1380 and VIX at about 19 I sold an April 1475/1490 bear call for $0.75. Today, with the SPX at 1406.6 and the VIX at about 13.6 here is what TOS quotes for this spread. natural at $0.35 mid at $0.75 So right now it would be...

Thanks for the explanation as well. Hey, if you made money or broke even during October and November, I'd say you did a hell of a lot better than us vertical bear call spreaders. What is interesting is that in several cases you found that waiting till expiration caused what profit you had to...

Ryan: You've been doing the diagonals now for a number of months in lieu of or along with credit spreads. I believe that before you started with the diagonals, you pretty much only did vertical spreads. As you look back at your trades, would you mind providing your honest assessment of...

Happy Holidays to you and your group. Your contributions are one of the main reasons why this is still a great thread.

Coach: I asked a question earlier regarding the VIX, but I guess it got lost in the diatribes concerning 'Maverick's riddle'. Here goes: Did you come to a conclusion on using the VIX as a hedge for black swan events?

Coach: Are you still looking at the 1485/1500 bear call? VIX is actually up today. But only $0.50 for a 15 point spread.....

Coach: A while back you were experimenting with buying VIX options as a hedge for bull puts in case of a black swan event. What conclusions if any did you finally reach regarding this?

The attached chart shows how the FED has been increasing the money supply. I'm not at all clear on how this will lead to a rate cut in 2007. Doesn't this suggest a hyperinflationary effect?

Coach: What's your take on the market through December? Also, are you starting to look at January spreads?

Attached is a graph of the ISM Purchasing Manager Index over the last year or so.

Coach: I actually get Mike Parnos' newsletter as part of a package deal. I have seen his discussion on the guts strangle before but it was quite some time ago and I didn't have time to really read it. Since he has chosen to openly publish this strategy, I'll see if I can find any additional...

Coach: Have you had the time to do anymore analysis on this? The initial premise of perhaps being able to increase the R/R is appealing. Or is this a dead end?

Anybody record the Maverick/Don chat on prop trading? If you would please make it available to those of us who were unable to attend, it would be greatly appreciated. Thanks.