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  1. C

    SPX Credit Spread Trader

    >Do 30 point spreads generate a greater % return than a 5 or 10 point spread? I don't think in terms of return, but risk management. A 30 pt spread allows me to place my shorts further away with a decent premium, and, in this case, it was just the right amount to balance the call side...
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    SPX Credit Spread Trader

    >futures I do my spreads on the futures -- SP.
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    SPX Credit Spread Trader

    Moved up my credit put leg (SP) from 1230/1260 to 1250/1280 with credit of 110. A move upward looked really ugly. My call spread remains at 1360/1380.
  4. C

    SPX Credit Spread Trader

    Here is my thinking. The put side of my position is getting light == 150 for put vs 320 for the call side. There is support at several levels, while the market has broken thru resistence. Adding to the put side will postphone or even defer the adjustment of the entire position as it...
  5. C

    SPX Credit Spread Trader

    Jun 1380/1360 call 1230/1260 put credit spread in SP. Market looking bullish, so considering move the 1260 to 1280 put before Wed.
  6. C

    SPX Credit Spread Trader

    I see a 1295/1325 channel. I see 1325 going from resistence to support. A few questions on open positions I hold today: Would I open that as a new position today? Would I prefer to be long or short that position? (If I were long/short, would I be worried.) Finally, do I feel...
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    SPX Credit Spread Trader

    >1) Fed raises the rate another quarter point and says further hikes maybe needed based on data. - Market sells off. Market sells off into the channel and breaks back out of the channel to the upside after a week.
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    SPX Credit Spread Trader

    Shams78, Let me understand. You have a short call at 1335, May, and FOMC meeting on Wed. The market has broken to the upside out of a channel, the ema is up. And you want to know what to do. That's a tough one. :<)
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    SPX Credit Spread Trader

    Bottom line: Look at your statement. Margin is not re-computed everytime you add and remove a position -- it's computed daily based on settlement prices for that day. There is no difference between a one step or two step process in the rollover in terms of margin. You don't "loose" margin...
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    SPX Credit Spread Trader

    >With 15d left on these positions there is usually significant premium left to claim. How well do you sleep at night during the last week of exp? Stepping in front of a bulldozer to pick up a dime, or a dollar. Same feeling of fear for me. Remember that the margin is still the same...
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    SPX Credit Spread Trader

    >increading the position size.... a martingale Not really. He just gets out after the one adjustment.
  12. C

    SPX Credit Spread Trader

    >market view is slightly bullish My position had 20 ticks on the call spread and 30 on the put side. This made my position slightly heavier on the put side -- fine tuning the position to reflect my view of the market.
  13. C

    SPX Credit Spread Trader

    >What do you like the most? Being safe or big fat premium I prefer safety. I really really hate to adjust positions. So, the question is -- place the strangle really far away, and place your longs 30 ticks away to get a decent premium, or bring it in closer and have the longs closer.
  14. C

    SPX Credit Spread Trader

    >Di you mean place a short strangle 1 std deviation away from market price? Oops. >I would think 2std deviations might be a safer route. It all comes down to the target premium. Again, he suggest placing it as far away as possible and still get the premium target. BTW, regarding the...
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    SPX Credit Spread Trader

    Trading Plan (based on Dan Sheridan’s lecture on adjusting IC) 1. The market is SP (spx, etc) which is high liquid. 2. Place a position every month, with about eight weeks to expiration. 3. Place a short straddle about 1 std deviation away from the market price – basically, put it as...
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    SPX Credit Spread Trader

    They do not have an options analysis platform which is free, but do interface with several value-added platforms.
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    SPX Credit Spread Trader

    Yep, I am with Alaron, a futures broker. I have experienced very good fills with them. I used market orders --> my credit was 470 and the spread closed at 480.
  18. C

    SPX Credit Spread Trader

    -------------------------------------------------------------------------------- Quote from cdowis: Jun 1360/1380 call 1260/1230 put Sold spread today for 470. __________________________ The market is the futures SP. The total credit was 470. I try to make my two legs close to...
  19. C

    SPX Credit Spread Trader

    "Right now it is very difficult to add to a bear call spread when you roll up. " I am new to this forum. Hope you don't mind a question which may have already been answered. I have looked at a possible solution to this problem. If the market is still away from the short call, here is a...
  20. C

    SPX Credit Spread Trader

    Jun 1360/1380 call 1260/1230 put Sold spread today for 470.
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