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labib52, Interesting .... I did a similar type of theoretical analysis a few months back on the OEX and found that opening spreads at least 30 points away from the money on day one of the option cycle provided a very good success ratio. Granted, you aren't typically opening spreads on Day...

Coach, With a flat to bullish sentiment in place for the month of DEC, would you consider the JAN 1190/1180 too risky ?

Coach, Do you see yourself opening only your Jan CALL spreads early next week with the market in the 1270 range ? If so, when would you consider opening your JAN PUT side ... only on a small to medium size pullback ? Also, do you ever look at OEX resistance points and then extrapolate to...

Coach, Are you looking at DEC or the JAN 1305/1310 ? How much can be in the DEC ?

Coach, Do you think we are seeing the double-top today ?

Anyone taking a position today ? Just curious ...:confused:

All, Just wondering where you have you Fib lines drawn at this time... I have the highs from 9/9 and the recent lows from 10/13. Sound about right ? Thx.

I have my Fib lines drawn using the Aug highs this year to the mid-October lows and we seem to be sitting on the 61.8% fib line now. I felt when I opened my IC that I would stay just outside the OCT lows on the PUT spread (1175/1165). For the CALL spread I chose the 1280/1270. Each side...

Coach, Any feelings on the general direction of the market in the next 5 weeks. I too have sold a DEC IC a bit further in than you on the bottom side. You're hedged on the upside so I'm assuming you see upside potential ... ? Thx.

Late Sept as part of a OTM Condor. My current strategy has me looking to sell forward month OTM spreads using historical lows/highs and fib lines as indicators. Always looking for at least 1.00 in premium.

Wondering if I could get a comment on my current spread position I've sold .... OEX 535/525 Nov Puts. I'm wondering what I should do if the market continues to move against me. My sold 535 position is below this years low but I would be interested in anyone's comments on how I should...