Recent content by rjg96

Thanks for the response Coach. I understand what you're saying; you can't make blanket statements everything needs to be analyzed. I wanted to make sure I wasn't missing anything. In looking at the current prices, it looks you could double and roll a 20 pt spread, but anything wider than...

What do you guys think of using wider spreads (say 15 or 20 pts rather than 5 or 10), even when these spreads don't give a higher yield than the tighter ones. For example, instead of selling the 1310/1320 for about .9, sell the 1310/1330 for 1.3. Yes, you're getting slightly lower return, but...

No idea; I was playing around w/ "can't lose" trades just to see what would happen. I'd entered one for the 1255/1260 @ 4 as well just to see what would happen (needless to say, that didn't work). I was stunned when I saw that my 1260/65 actually got filled at 4 (at around 3pm). Of...

So, when does the SET usually come out? Noon-ish? I put a last minute trade on yesterday; did a bull debit spread at 1260/1265 for a debit of $4 for 10 contracts. That'll be a nice $1000 holiday gift if the SET is above 1265 (which I think it will be given this morning's strong opening). But...

Rdeyman- So, you're planning to buy straddles if the put/call premiums are around .05 ATM? You're thinking that triple-witching could bring some big moves for SET, thus giving you a nice little profit? I like this idea-- rather than being scared of the SET, embrace it. :)

It actually leaves me flat w/ maybe a small loss; that's fine-- I just think there's too much risk w/ the FOMC meeting tomorrow and the market looking for anything resembling good news.

I closed out my 1285/1295 call spread today for .35. I'd probably be safe holding to expiration, but I don't have the stomach for the post FOMC announcement rally tomorrow.

I also tried to get out at .5 (1285/1295) but never got filled. :( I'm hoping that 1270 is indeed a strong resistance. I'm glad that the market flatlined at around 1264-1265 from about 2pm onward. Unlike days in Nov it didn't trend steadly upwards throughout the day and end on the high...

Very interesting stuff. As a trading approach for call spreads, I wonder if it makes sense to double and roll up within the ucrrent month as much as your margin will allow, and then if that fails, keep rolling up and out to the next month. In the period where the SPX rose 3 months in a row...

We just went below 1253 on the SPX :D Coach, 1250 adn Jessica Alba might not be too far away; ;)

That's what I'm thinking/hoping. The SPX just touched 1259, btw. :D But, as coach says, we have 3 weeks left. What in your opinion (i'm directing this to everyone) would be most likely to cause the market to move higher between now and Dec expiration? Or, specificaly, what would give...

Rdeyman- Thanks for putting this together-- I was also thinking about dooing something like this. This is great. I'm feeling a little better about my 1285/1295 position (not that much better, but still). I also think it was good news for us bear callers that the index tested 1270 as an...

Do you guys think its signifcant that the SPX tested 1270 today, but closed at 1265? For the past several days its been nothing up, up, up and then closing near or at the high. Could this indicate that resistance is forming at 1270? It would sort of make sense in that many analysists and...

If you had a position that was less than 15 points to being ITM on the day before expiration, and closing it out to avoid SEt would mean taking a loss, I wonder how well doubling and rolling up would work?

Thanks for your thoughts. I should've been more clear. I meant that I like to keep my initial margin req to about $20k, but I have up to $160k of available margin that I/m willing to use (gives me breathing room for adjustments). So, if I did double down 3 times, leaving me w/ a spread of...