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There's probably too many of us going for same credit now. MMs are widening the spreads.

I used TOS, but the spread dropped almost instantly after that. I caught the bottom of a drop, I guess.

Grabbed 0.50 for 1095/1110. Thanks for the idea guys. I'm also short the 1235/1245 call spread. I took in 0.70 on that one. I really appreciate these posts. I would not have looked that OTM. I took 0.7 on 3 c ontracts yesterday for 1120/1130, but had to leg into it. Feel much...

TS is tradestation, Not TOS, which is Thinkorswim (Who thought up that name anyways!)

yeah, coach, I'd like to get a TS acct too. Frankly I'd like to go there instead of IB, but their double secret hidden fees for quotes etc bother me. I'm really interested in how you like them. I use Quotetracker with IB for my futures charts. It's good, but TS has some extra features.

You guys all fight too hard over who's the best broker. They all have good points and bad points. So spread your money around. I have accounts at IB, OX, and TOS. Also (gasp) Fidelity. Each offers something unique. I like the charting in Fidelity Active trader pro. IBs cheap, but no...

I am fascinated with those of you who chose to roll spreads down as the market fell. My personal approach has always been not to roll, but leave the positions alone. I've been whipsawed too many times where the market goes up, hits the call danger area, then drops dramatically and hits the...

Sorry I wrote that all wrong. I'll rewrite it later. Sorry.

Would like to hear people's thoughts about the following potential hedge to an 1140/1130 spread 112S/114B/115S SPY fly. Debit 0.10. Not doing 2 points to upside due significant chance of 1160 being touched. Felt 1 point brought in enough. Thoughts???? Would you go 2 points on upside...

So are you using calendars? Or pure debit spreads on SPX?

Curious, when did you open that spread, and why?

OK, I agree that different people can use credit spreads in different ways. However, the spreads as proposed by optionscoach are not meant to be used as a daytrade. SO, what do you propose to trade in todays environment. Up 20 points one day, down 20 the next. What direction are we...

You are only toast depending on time frame. These trades are not daytrades. They are designed to be held to, or close to expiration. So the increase in volatility does not mean the position will be a loss. I think many of the arguements here are between daytraders with a different...

Just a little volatility, huh!?! Now I'm glad I'm out of the 1170 Puts. I feel schizophrenic. SET tomorrow will probably be 1250! LOL

OK, just shoot me now. After holding through all the month, yesterdays revisit to 1170 spooked me. On a bounce back up to resistance, I closed out my put spread. I had to leave for the day, and couldn't watch. Frankly, I wouldn't have watched anyway, too much volatility. I closed out for...

Hey all you naysayers with your charts of prior performance, got any charts showing tomorrow's close? I sure could use it now!

On what are you basing these signals???

I'm very interested to hear your thoughts. I'm using IB with Quotetracker. Inexpensive, but slightly cumbersome.

I thoroughly enjoy this thread. Thanks to each and every one of you for your thoughts. Now I will share some of mine. This was just my plan. Doesn't make me right, just sharing. I had a 1170/1155 Put spread. I did NOT roll down. Everyone else here did. That's fine. After doing condors...