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When you accept 0.50 to 0.90c for RUT spread, it's normal that you panic 17 points away. The 770/760 spread in question gives me a total of 7.30 for a condor. I don't accept less than 1.60 on any trade; I already know how much I am willing to lose when I put the trade; So I don't panic...

I think your 730/720 February Credit Spread is very daring. I do have 40 740/730 Jan PUT Spread and I am worried about it. It's also your trading style. I am at Jan 770/760 and feel very comfortable. I am watching 780 swing point. Once RUT close below 780 MA(50) I think the freefall...

Coach, I am sorry to say that but this thread has lost it's raison d'etre . Where are those posts when people ask questions and get answer with no (barking) or being diminished. Al those guys left have too much pride and ego to really help people; they feel they know everything. That's why...

When there is profit, you have to take it. Today I close one of my RUT I opened 15 RUT 790/800@5.50. I closed this morning @ 3.00. Make 2.50. I don't want to regret it I could make 8K but I can live with 3.5K. I also opened 25 RUT 730/720 @ 0.90 Actually I own: 15 RUT 790/800CALL...

I haven't traded NDX for a while. I did get burned in it twice and since have stopped. I have been doing mostly RUT. For the last three months the market hasn't been too good to Credit sellers so I took some small and some big losses but managed to stay in the game. Since last month I...

I am planning on switching 100% of my money from OX to TOS. I received a penalty last week because I made a mistake. I was entering a SPY 129/128 debit spread and I instead entered a credit spread. I ended up receiving 0.20 instead of paying 20 cents. When I saw that . I closed the trade. GS...

I am on the same boat but for now I am still holding. It's going to test the MA(50) at 726 and should retrace to the MA(200) at 705. I hope my prediction is right. It's too overbought right now. I sold my hedge at the close for 3K. So with my hedge I am only down 2K and with the PUT side credit...

You need to go with your guts not the noise out there. I don't close position at 15 or 20 points from short; instead I try to buy a lot of IWM Call or PUT to counter the effect of the short close to being touched. I also make sure my condor was created and at the same time close any...

Congrats to you and your wife. I have two kids 13, 9. So welcome to the club. Not too much sleep at the beginning but you will enjoy "petit" Sebastian. Sorry for my french. "Petit" is "Small"

I have been trading a lot lately. I have plenty of Bull Put and Call Spreads but I am trading only the RUT. The reason I don't talk is because I know nobody here is interested in Russel 2K. I was trying to go the same way Donna has been legging in and I got burnt. I buy plenty of Put and...

Coach, What about OX? I see they charge $3.99 a contract. How much IB charge?

It varies. Sometimes I risk 40K, sometimes 60, 70 depend on the market. For June I had a total of 66K margin requirements. But don't forget that One would never let the market eat everything you have. With the volatility I also day trade SPY and IWM, I buy Put or call ; make 1k, 600, 800...

Rally, I don't have any sleeping problem. Once my short is getting attacked I am always ready to protect it. So I don't care how the market does.

Rally, Did you look at my earlier post. I am at 32.4% YTD and you are 32.6. Pretty cool

Coach, I liquidate all my positions. It was a wild ride. Here is an update of my monthly and YTD performances: June ROM (return on margin): 12.87% YTD ROI (Return on investment): 32.4% In May I made $0; I lost $0. I was too conservative. This time I will be conservative but I will...

Enough to protect my Short. Good judgement is required. It's better small profit than huge loss (I guess). I try to use a minimum of 30% of my net credit. But you also need to make sure you use the other cards that are avilable to you like complete the condor to gather additional credit...

I put the hedge before the index is close to 30 points of my short strike. For example SPX @ 1250 and you have SPX BULL PUT 1220/1210, you may buy SPY 124 for protection. If you buy enough insurance, by the time SPX touches 1220 your SPY124 will provide you with enough money to help pay...

Scienter, Lately and especially in this market, It's easier to predict a top reversal than bottom. My indicators work better on overbought conditions. You can go 40-50 points above the point at which there is an overbought signal and most of the time you will be safe but detecting a bottom...

Scienter, I didn't loose money this month. My hedges covered all my Spread loss and I end up with 7 to 9K profit (still to be determined). I have to take some time to understand your question and then I will reply. Piccon

Thanks Rally, Coach. I learned a lot last three weeks and I will do my best to avoid the mistakes I made. But I will continue doing some debit spread for the next three months with the vols picking up. Debit spreads can be very profitable. I am going to take a long week break from...