Recent content by wonton

  1. W

    SPX Credit Spread Trader

    I noticed the same thing on the paper trade TOS platform. I think if you change your limit order to 1.30 it will fill at that price, but I am not 100% sure....why not try it. Wonton
  2. W

    SPX Credit Spread Trader

    Hi Rally and Cache: If you talk about support and resistance, it sounds like you leg into your ICs? I have tried both ways (puts and calls on seperately, whole IC on at once). It would have been much better to just put puts on 4/17....seems like some support there. It can be catch...
  3. W

    SPX Credit Spread Trader

    Hello Momoney, Donna, Rally: Thanks for all your helpful thoughts. My exit strategies were squishy and I'm now getting squished. I realized last night that if I wanted to roll up and double up which some people suggest, I would have needed to do 1/2 of my position up front to do it...
  4. W

    SPX Credit Spread Trader

    Hello everyone: I am currently short 20 OEX 600/605 for a credit of .75. I put the trade on as an iron condor 550/555/600/605 for .90 right before the big runup and I already bought back the puts for .15. 600/605 seems too close for comfort to me with 22 days left. I'm hoping to get to...
  5. W

    SPX Credit Spread Trader

    Hello Piccon: Can you please clarify how you got your fibonacci numbers? How did you decide to use 1246 and 1295? Why not 1253 or 1267? Is your downside target 1228? For what timeframes do these numbers hold? If your targets are 1228 and 1313, what short strikes would you use for...
  6. W

    SPX Credit Spread Trader

    Hello everyone: I am new to your site, but have enjoyed reading the posts. Is anyone else bearish? I am and my resistance levels on SPX are 1295/1310/1325. My current trade is SPX 1340/1355 for 1.45 credit done on 4/11. If anyone knows how to get email updates or alerts anytime a post...
  7. W

    SPX Credit Spread Trader

    Hello everyone: I am new to your site, but have enjoyed reading the posts. Is anyone else bearish? I am and my resistance levels on SPX are 1295/1310/1325. My current trade is SPX 1340/1355 for 1.45 credit done on 4/11. If anyone knows how to get email updates or alerts anytime a post...
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