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    SPX Credit Spread Trader

    Try looking at this combination @ Oct expiration and notice the difference SPX 1350/1375 Oct/Dec Call SPX 1250/1225 Oct/Dec Put
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    SPX Credit Spread Trader

    Clilck on Analyze Tab Click on Add Simulated Trades To the right of the word OPTIONs, you will see 'single', click on that Scroll down to 'Deep and Wide' (very bottom of pull down menu) Then slide right to "1month x 2 strike", and then continue sliding right to 'vertical' Now click on the...
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    SPX Credit Spread Trader

    You can do better using the Analyze TAB this way, Try going to the 'single' pull down column above the option quotes when you add a trade. Then select 'deep & wide by 2 strikes" for example, then slide right to say vertical. You now have a list of vertical spreads by 2 strikes quoted by...
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    SPX Credit Spread Trader

    Free Historical options Data http://host.businessweek.com/businessweek/Historical_Quotes.html?Button=NEW+REQUEST&Symbol=WIB+AR M~
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    SPX Credit Spread Trader

    Pretty Quiet out here today.... that's usually a custom ET signal to go SHORT the SPX. Oops... forgot, coach hasn't placed his call hedge yet. M~
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    SPX Credit Spread Trader

    One of our fellow members placed a similar 2/4 month SPX double diagonal. 1225p/1250p Oct/Dec 1350c/1375c Oct /Dec He's looking to make a play on VEGA... but adding some security. At first glance, it looks pretty sound. Allows for plenty of flexibility. M~
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    SPX Credit Spread Trader

    We're looking at Put Calendars, not Call Calendars. With the VIX as low as it currently is... it much favors the Put side of the market. If you place a Call Calendar and the market continues up... you'll lose VEGA.... probably still profit... if you're ratioed... etc. But if you're...
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    SPX Credit Spread Trader

    I was looking at exactly the same situation last night for a member. Looks rather interesting... especially is we get have a sell off. I like it.. M~
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    SPX Credit Spread Trader

    Diagonal Follow Up Report: After looking back over the past week.... The VIX had dropped 15% for the week. That was a huge blow to the diagonal positions. It just happened by luck that the SPX closed at the maximum profit point for the double diagonal which I posted earlier. The...
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    SPX Credit Spread Trader

    Mav. Nice to know you're still lurking the site. Apprears to be interest in Prop Firms.... so I posted your number a while back. Hope this doesn't shut down the Chicago Land Line service next week. M~
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    SPX Credit Spread Trader

    Yip, Series 7 required since they are a Broker/Dealer. A few $$ to join.... Minimum 1 million personal assets (SEC rule) Minimum 25K trading account You may consider banning together as a group in your area.. as we are doing. Only the controlling person is liable for the Series...
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    SPX Credit Spread Trader

    ToS.... allowed me to push through the Friday Morning. IOW, I could sell my 1325c and not be considered naked, although you have to contact them to do so. The software isn't set up to do so. But, as soon as SET is annouced... you're back to normal. Don't know about OptionsXpress, IB...
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    SPX Credit Spread Trader

    Aug/Sept Double Diagonal Expiration Update - by requests Attached you'll find the details of the double diagonal which was posted originally on 8/10. A summary of the positions and short market commentary are included. Hope you find this educational and helpful, Murray
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    SPX Credit Spread Trader

    Mark, It really is interesting in that last week. GAMMA is fun to watch... and with the Diagonal... you're coaching it on and not feeling to pinched like you are in credit spreads. Unfortunately, the VIX fell significantly... killed us... but fortunately, it closed .25 away from maximum...
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    SPX Credit Spread Trader

    Jeff, Since we're moving toward the direction of 'Hair Cut' margin, I'd be curious if you would share what the 40pt Span margin requirement was... Thanks.. Murray
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    SPX Credit Spread Trader

    We have a ton of them... but I'll give you the run down when I get some time.... Remodeling... Sailing.... Investment Club.... Be right back~
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    SPX Credit Spread Trader

    Look at 1250/1225 ! M~
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    SPX Credit Spread Trader

    No one knows... that's the beauty of trading. So.. instead trade your GREEKs, rather than the charts. As Maverick once told me.... your risk, capital, margin, ... they do not understand support and resistance. Your risk is what it is at this moment in time... So... trade the...
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    SPX Credit Spread Trader

    Interesting scenario.... If you're holding short contracts... say Aug 1300c... and you have a long Sept say... 1325c.... Will you be naked in the morning if you sell the 1325c, while still technically holding the Aug 1300c until SET. It would appear you would be naked until SET is...
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    SPX Credit Spread Trader

    Just hanging tight SET could be up... but BE is 1307.... the reward is far greater than the risk at this point. Thanks for asking...
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