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  1. S

    SPX Credit Spread Trader

    Coach, Don't you feel like you have too many options with Diagonals... Isn't that a beautiful thing... Still hanging onto 1300calls for now..... in the 1300/1325 Diagonal... thinking about rolling into a credit fly.... bull call... credit spread.... reverse calendar.... broken...
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    SPX Credit Spread Trader

    Will work on that after the close.... :)
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    SPX Credit Spread Trader

    Do you have an options analysis software progrm? If not... there are many available.... opening a ToS account would be a solution. M~
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    SPX Credit Spread Trader

    You're right..... sorry... it was late last night. M~
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    SPX Credit Spread Trader

    The Aug/Sept Double Diagonal Update: Well.. gone sailing today, finished dead last..... only to come home to the market EXTENDING itself for a third consecutive day. This will be the first Double Diagonal experience for us to push the envelope.... the short Refresher: Original...
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    SPX Credit Spread Trader

    We're looking the same... but also adding a small positions at 1275/1250 That's not a bad fill... and I like the fact you're filling on an up day... M~
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    SPX Credit Spread Trader

    Mo, You write so elegantly.... that I think we should nominate you as the official ET secretary. Besides, you're one of just a few who can interpret Riskarb. You have my vote.... MoMoney for ET Secretary ! Need to run... but Mo summed up things well. With diagonals you can...
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    SPX Credit Spread Trader

    Coach, Volatility has taken it's toll on the Put Diagonals this month, but the profit is still satisfying. FYI, we're probably going to sell twice (2) the number of SEP 1210p against the Sept 1200p and also buy a half-lot of Oct 1175p. This will essentionally end up being: 1210/1200p...
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    SPX Credit Spread Trader

    SPX Double Diagonal Update: Last week we experienced lower volatility and middle-range spread location for the Double Diagonal. This is absolutely the worst case scenario for the strategy. The position is still profitable, but has fallen from 15.5% to 8% in one week and with one week to...
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    SPX Credit Spread Trader

    Hope I'm understanding this correctly.... The Vertical Call Spread IS tolerant to VEGA, which is why trading Call Credit spreads with Put Diagonals helps to play into the VEGA mode as best as possible. SPX bullish moves occur in tandem with lower volatility. So call credit spreads...
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    SPX Credit Spread Trader

    That would be the same answer to whether you choose Credit Spreads or Iron Condors. Range bound or dirctional. Diagonal and Calendars are a VEGA play with some delta, if you set them up that way. Credit Spreads and Condors are mostly VEGA nuetral... they tend to be more or less a THETA...
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    SPX Credit Spread Trader

    You may want to start at the beginning of this thread and read. I konw it'srather long... many can be looked over... but you won't find anything more interesting and informative. or check out: www.888options.com and click on their educational online classes (FREE)
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    SPX Credit Spread Trader

    Sure hope so... Been too quiet around here.... which is probably an indicator we should develop. Seems when it's quiet so is the volatility. Last Weeks Observations: Positive earnings... CSCO and Disney earnings up big.... market opens way up.... only to end down big. Terror...
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    SPX Credit Spread Trader

    OptionsXpress.... is elementary.... slow... ancient. IB is good if you know what you need and want. Support is terrible. You may consider checking out ToS... great people to work with.... M~
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    SPX Credit Spread Trader

    Thank you all for the advice and suggestions. It appreas with a little coordination... we could set up our own ET Online Hedge Fund.... here. lol Thanks, Murray :)
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    SPX Credit Spread Trader

    Cache, I lke your third option a lot... neve thought of this. I am assuming you probably trade other LLCs as an advisor over their individual account through a POA, rather than all the monies pooled into one account. Here's the grit! We need to form one pool of money under one named...
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    SPX Credit Spread Trader

    Appreciate all the advice Setting up the LLCs isn't the main issue. We've got that covered. What we're struggling with is setting up a SINGLE account made up of multiple LLCs... and passing the K-1 profits from the single account to the LLCs without having to take a 35% business...
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    SPX Credit Spread Trader

    What she really said was: " I was worth more in JAIL, than I am out of JAIL". :)
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    SPX Credit Spread Trader

    with that volume... talk to ToS. You will get .75/contract plus cross margin on Diagonals... For that matter... you may consider IB, trade ES... use SPAN margin.
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    SPX Credit Spread Trader

    Rally, Done a lot of checking.... seem to get multiple answers.... A professional firm.... who says they can set this up.... wants 25K just to start. Seems a bit much for information. Any suggestions? M~
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