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  1. G

    SPX Credit Spread Trader

    Coach. I appreciate your lesson for the sake of discussion. I understand boxing your position. But not 70 points away. Especially when you are hesitant to place call spreads because of an uptrend. I can't understand the logic of this boxing so far OTM.:eek:
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    SPX Credit Spread Trader

    Here's the spreadsheet address: http://www.tradersaccounting.com./tradetracker.asp
  3. G

    SPX Credit Spread Trader

    You do not HAVE to list every leg of every trade. You can aggregate the trade. BUT, I choose to keep a spreadsheet showing the legs and attach my trades to the return. The more documentation sent with your return, the less likely an audit. Go to www.tradersaccounting.com. They have a...
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    SPX Credit Spread Trader

    Legging in is a viable technique. The risk is that you buy the long position and the market moves against you, minimizing or even eliminating the credit you are aiming for. For example, you buy the 1215 long, thinking the market will go down slightly. You plan to sell the 1225P, but instead...
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    Calendar Spreads

    Your deltas are very similar so the long put should be gaining at the same rate as the short put, at this stage. How many contracts did you trade? You can always short the stock if it passes through the strike price. Also, consider boxing the position by selling a call. You can get some...
  6. G

    SPX Credit Spread Trader

    I went 1225/1215 for 0.65. I see a whole lot of support before there. Took 3 days to get the fill. Had order in at 0.60. Had to call and push the order desk to get fill. I seem to have had a LOT of orders "lost" on the floor lately. When I call to check on fills, they don't have the...
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    Odds Czar: Simple Biases in the Futures Markets 2006

    OK, I'm still a little confused. Sorry. You divide the numbers into 3 sections. So I am taking the combination of the 3 sections? Or the Net total? {Infreq Bias net + either or NET + Calendar} OR????? Add All individual components together? The net totals are different. Sorry...
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    SPX Credit Spread Trader

    Momoney's response and math was correct. I don't feel this discussion is off topic at all, since in fact the advisories we're discussing are spread advisories. I did receive an email from Scott Snyder at RO with their results for the year. I was surprised by some of the results. The...
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    Odds Czar: Simple Biases in the Futures Markets 2006

    Art, I missed it. How are you interpreting these Total Biases. For example, your gif table shows SPX Net Total Biases as o (-2+1+1). What do you do with that information? How do you enter, exit? Stops?
  10. G

    SPX Credit Spread Trader

    Andy, PLEASE share what you have experienced. I agree with your analysis, that you have to pick and choose. But that's not what they advertise. They're urging you to autotrade, there's no picking and choosing. They are charging for trading advice. They don't say, hey,, only put this...
  11. G

    SPX Credit Spread Trader

    I hear you. And I agree - partially. There is a flip side to this. I've been trading the double double and index strategies for the last few months. The index directional has done well. The double double has stunk. I don't know about long term or even last year. I got in about 4 months...
  12. G

    SPX Credit Spread Trader

    Has anyone taken a look at redoption's upcoming mini basket strategy???? They are charging $20/mo for the advisory (240/yr) I asked the following question: ""However, I am uncomfortable with buying blindly. On a $10000 account, you are charging 2.4% management fee up front, plus...
  13. G

    SPX Credit Spread Trader

    Got it Thanks. Yeah 1340 would be nice.
  14. G

    SPX Credit Spread Trader

    Where is it you call to add strikes for the SPX? Would Like to see a 1320 and 1340 for Feb
  15. G

    SPX Credit Spread Trader

    Any thoughts on rolling the put side shorts up??
  16. G

    SPX Credit Spread Trader

    If you're correct, VIX is going to be down to nothing, and we'll have no premium to sell at all.....
  17. G

    SPX Credit Spread Trader

    EXCELLENT POST! We're doing some calendar spreads in the Cal Sprds board. Check it out: http://www.elitetrader.com/vb/showthread.php?threadid=58716&perpage=6&pagenumber=1 I'm trying to learn to leg into calendars in this environment. Bought some Feb IWM puts on a projected rollover...
  18. G

    SPX Credit Spread Trader

    Anyone have thoughts on IWM (the RUT) for January. I'm rolling a double diagonal. Not sure if I want to roll to short the 66Put. I show all other indices on breakouts, but RUT ready to roll over. Not sure I trust my system in light of the other indices. Any suggestions, comments, ... Coach??
  19. G

    SPX Credit Spread Trader

    Has anyone backtested this? I've been wondering the same thing.
  20. G

    SPX Credit Spread Trader

    What instrument are you using to trade the Nikkei. Futures? Only index stock I can find is NKZ/WS. I'm not familiar with it at all.
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