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Phil, I had closed all my SPX positons on Thursday, but one. 1250/1260. Today was an expensive learning experience for many.... me included. I went back and looked at the Friday opens vs. the SET prices. It was mentioned in an earlier post how the two can be quite a bit different...

We're looking at PFE as a possible candidate for a Call Calendar. This would be a long term Calendar trade.... buying LEAPs... and selling monthly premium at resistance points to pay for the Leap position in a one year time frame. Still anallyzing the trade... will follow up upon...

Andy, You may find these automated chart updates of the market of interest. I visit them weekly.... they really help take the emotion out of the decisions. http://www.investorshub.com/boards/read_msg.asp?message_id=475132...

When things settle down around here... I'll chat about my favorite calendar trade.... the "M-trade". It's simply and call and put calendar trade at the same time. It yields a large probability of success.... but doesn't like extreme movement similar to the credit spreads...

Stocks or Indexes.... ???? The right answer lies in that fact that your position moves to your target area sometime within your time frame.... be it the stock or the security. I tend to agree with Phil... since volatiilty is a huge part of the success of Calendar spreads... there...

Tough getting anything done around the house... but a little insight. Many of you have heard of Terrystips... and all the associated comments around his trading calendar spreads. Although I agree with some of the comments... the site has been a great learning experience for those who...

It's not the trade you really want to see... as any trade which favors the option strategy will make money. What you really want to ask is "why is the Put Calendar a more favorable options trade than it's counter-part the Call Calendar". If you analyze Calendar trades, you realize that...

May I suggest we also look at Put Calendars. There tends to be a slant toward Call Calendars... or upward moving positions. The Put Calendar is one of the most powerful option strategies, in my opinion. When properly placed... the greeks are in your favor... especialy VEGA. Murray

Thanks for setting up the forum. I have lot's of calendar spread experence... and look forward to the interaction. Murray

Phil, Your approach of simplicity to this question is slightly skewed from a statistical point of view... allow me to shed some light. The term "out of" corresponds to probability, which is defined as a number from 0 to 1 inclusive, usually expressed as a fraction, which is the ratio of...

Coach, My current values for November Iron Condor positons: SPTWF SPX NOV 1130 Put $4.30 $4,300.00 -1,700.00 SPTWH SPX NOV 1140 Put $5.40 ($5,400.00) 1,900.00 SZPKH SPX NOV 1240 Call $0.65 ($650.00) 800.00 SZPKJ SPX NOV 1250 Call $0.40 $400.00...

Phil, Reminds me of sailing..... always chasing the wind... and when we get there.... it's gone! Thanks for the words of caution... they too are now permanently copied into my trading plan log book. Do you think I should ask for copywrite privileges considering the amount...

riskarb and others, What makes this thread special.... is your willingness to share. Please, feel free to clutter.... it has been a great learning experience and is appreciated. ~~ _/) ~

Sorry... typo-graphical brain fart. You are correct, current position: 1130/1140 Bull Put - $1.30 1240/1250 Bear Call - $0.70 Total Credit = $2.00 Comments, suggestions, and concerns were noted and recorded into my trading plan. I keep a working word file of all trades with...

Not to change the subject.... but with the market reaching resistance here around 1200.... An order was placed and filled for a Nov SPX Bear Call Spread 1140/1150 for $0.70 Current position for November Iron Condor: 1130/1140 Bull Put Spread - $1.30 1140/1150 Bear Call Spread -...

Current NOV SPX credit spread position. SPX 1130/1140p for $1.30 Call spread entry plan: will wait for a move up to 1200 before placing call side of spread. Murray

Phil, Just posting results for Oct. as you requested. SPX credit spread / iron condor established on different dates by legging. 1280/1290C : .60 credit 1140/1150 P : .60 credit Closed both positions three weeks later for .05 each, then reopend new positions legging in on major...

nls, At the exact time of entry.. I believe the spread was .1/2.40, I just threw $1.30 out to tease them... and within a minute the spread jumped.... and filled the order. Five minutes later the spread was .6/3.60... it was crazy... and closed today at .4/2.3 The ten contract...

Phil, I was just amazed today at the volatility spikes in the Nov 1130/1140 SPX spread prices. Yesterday, on the open, I was hoping to fill the Nov SPX 1130/1140 Bull Put for $0.80 It didn't fill all day as the market just climbed away. Needless to say, at the end of the day I was...

Do we get to pick the best 2 out of 3? Physically, emotionally, or financially.... :)