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Coach, Long time I haven't posted anything here but I wanted to share some experience with my good friends on this board. I learned so much from you guys. Thanks so much. I don't post (mostly) but I read every single post. It has been a long wild ride and it's not over. I am not completely...

Coach, I took a break from posting lately but I still follow the thread. I wanted to take this opportunity to congratulate you with the new member of the family soon to arrive. Also wanted to thank you for the education and risk management knowledge that you convey everyday. Some people...

I enjoy posting and reading this thread but lately, people have use strong words to characterize people trading system. I think people will shy away from posting their (success & failure) because they will be affraid you guys will bring your strong judgement. After all, people are looking...

I still believe, RUT 730/720 can be safe by expiration. I would never accept 0.80 or 0.60 for RUT. I don't trade RUT or SPX for less than 1.00 credit. I own some RUT for June but I get at least 1.50 on each side For such volatile index You need to trade them when they are overbought or...

Does Spy trade expiration Friday?

What will happen to my SPY 129/128 PUT. I got it @0.35 debit now it's 0.60

Yes. Most of the time. The market can't stay in the oversold or overbought condition for ever. The market is dynamic; so if you are on the right side, you wil be ok. I bought some calls this morning on RUT and I am also adding some SPY calls later today.

Update of my 1265/1275 protection scheme: Opened : 10 MAY CALL 1340/1350 @ 1.50 credit 10 MAY PUT 1265/1275@1.80 credit 10 MAY SPY 129/128 @ 0.35 debit 15 JUN SPY 128@1.50 We will see.

When I opened the 10 SPX1275/1265 @1.80, I also bought 10 SPY 129 May PUT @0.65. I converted the PUT into a Bear PUT buy Selling 10 SPY MAY 128@ 0.30. When I saw the CPI result this morning, I also Bought another 15 SPY JUNE PUT @1.50. Now up to 2.00 I am waiting for late afternoon or...

Are you looking at doing anything today to protect your 1280/1270?

I tried some MNX debit spread; MM's didn't bite. Nasdaq is dragging the market lower but We should see the short term bounce any time. I am waiting for CPI to decide what to do with my cash. But I will for sure enter some PUT SPread or debit calls by Friday.

I don't see why anyone would sell call right now. That's why some people get little return or lose money compare to others using TA and indicators. I can understand credit spread calls or buyng calls for potential Call Spreads. JMHO

I am leaning toward closing my 1375/1385 for 0.05 debit. I opened it last week for 1.00 credit I would also close RUT 820/830 for 0.10 debit. I opened for 1.50 credit. At the same time, I want to let them expire worthless. With 4 weeks to go, I wanted to close them to free up margin for...

For June, I have 1375/1385@1.00. I also have RUT 820/830@1.50. They are both worth 0.20, 0.15 cents respectively. That's what is good when using TA to enter trade; You can enter safe trade and at the same time get very good premium. I am lloking at completing my RUT condor ASAP as we are due...

I know we are due for a bounce so I did enter this trade and it will be used as a magnet. If the market tends to go towards my short within the ne x two days, I will close it and then open my June Bull Put. Rally, 1275/1265@1.80 was for may so I can complete my iron condor: 1340/1350...

I did put an order for 1275/1265@2.00. The market was positive before 11:00. I was supposed to go do my 10K Run at 11:00. So I reduced my order for 1.75. I came back and S&P was down 4.5 and my order 1275/1265 was filled @1.80 credit. So I take 1/3 of that credit and bought SPY129 MAY PUT...

Short term, We are too oversold; A bounce is imminent. Take this to the bank

Hey, It's people money I am using. I close the PUT and I use the profit to open the SPY call. I can do several thing with it: 1) It can stay there and be profitable by itself 2) If Market bounces I can open a call spread and it will be used as hedge 3) I can sell the 135 calls (if...

What are you doing with your May 1280/1270 PUT.? It's worth $2 now. We may have some down days to go. My oscillators are not fully oversold yet. I am waiting for Monday, Tuesday to do something. I sold my SPY 129 PUT and bought some SPY 133 call as potential hedge for next week calls spreads...

I was going to do that and then it was sold @1.42. Still 100% I am ok with that. I didn't want to keep a regular PUT over the weekend. I did open it as a potential hedge for my June Bull PUT but I still don't see the BULL PUT yet. Waiting for TA confirmation.