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rdemyan, This is a tough call. I don't want to blindly jump when I don't need to, but I also don't want to let it get so close that the expense to get out outweighs the profit on a front-month roll. In addition to all of the above, I want to be able to sleep at night. I think what this...

I sure do. It was a little dicey today, but I am still in it. The bulls just seem like they don't have the conviction to get it past 1295 and keep it there. Of course, I'm not complaining, but I do sometimes wish I would have rolled this out a long time ago. I can't go anywhere without my...

Nope. I had my finger on the ejection button, but once I saw the price tipping over, I decided to hold off. We'll see what tomorrow brings... To be completely honest, I had the buy order in 3 different times before I finally canceled it for good. In preparation for the rollout, I did pick...

Donna, Great idea!! How about it Coach? I'd be willing to donate to the cause :D -Cash

My line in the sand is 1295, but I make it a point not to close down or roll until after 2:30 ET. By then it seems the market makes up its mind on the direction. If the SPX closes above 1295 today, it is going to be a little expensive to get out of my 1310/1320 considering such little time...

Just the way I abbreviate BeaR Call Spread - Not to be confused with the Bull Call Spread. Although, with the strike price listed, I guess it's kind of obvious.

Yikes!! Anyone else have a BRCS sitting around 1310ish? :mad: -Cash

I'd save that post for the opening paragraph of the "What is a Trader" chapter in your next book. Nicely said!! -Cash

I am also at MAR 1310/1320 and 1315/1325. If the market closes above 1295 (the recent high), I will be rolling out or buying back. -Cash

Coach and Family, I am looking at the pros and cons of hedging and wanted to know if you have a rule of thumb when it comes to putting on a full or partial hedge. For example, let's say there is still 3 weeks to expiration and SPX has rallied up to 10 points of your sold strike. With so...

I am not apposed to learning new things in this thread. How about if we watch what Coach is doing, and if it pans out the way he is predicting, then we decide if a new thread is needed. I for one am somewhat confused when it comes to all these flies (almost need a fly swatter), but love the...

I am just getting started developing my system for Credit Spreads on the SPX, but I am using between 40 and 50 percent of my "SPX Trading Capital Allocation". This allows me to both defend a position if it goes against me, and have the necessary capital to put on the next moths positions...

Coach, What is the down-side to waiting to see what the market is going to do? As of right now you look to be 70 points OTM with a couple of support areas between your short leg and the index. Would the $9k loss that you are locking in be sure to increase if you waited for the index to...

Any ideas? Are you kidding? I am still trying to decipher what you just said!!! Was I suposed to get a decoder ring when I signed up for this thread? :D -Cash

I think this is my single biggest issue. I am so concentrated on adding the other side to complete the IC because of the lack of addition margin, that I overlook the trend of the market. Looking back at when this didn’t work, I would have been much better with my initial entry (either the...

Hi Coach, I am a new member to this thread, and ET for that matter. I subscribed to ET just so I could have full access to your journal. I have read the first 1050 messages of this thread, but I must admit that I skipped from there to here about a month ago due to all the repetition in...