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Has anybody tried trading the MID (Midcap 400) index. I tried it once last year and had to adjust so I haven't looked at it since.

Jeff: Thanks for the info. I found your previous post intriguing, but it looks like there is a substantial skew in the pricing of puts versus calls. Integral to my strategy is that I avoid the black swan event to the best of my ability, which currently means no puts. I was a bit...

Thanks, I just want to be clear. I would only consider naked calls on futures options, if and only if, I can go considerably more OTM than I would on my normal SPX credit spreads for roughly equivalent premiums. For me, it's not a question of being able to potentially put more money at work...

Hey, Coach. You still up. Are you practicing for the coming event. I guess once the bundle of joy arrives, we'll be able to look forward to a lot of late-night posting :) Yeah, I need to look at the quotes. Do you think the liquidity and pricing are better selling a single option (i.e...

Now that June options have expired, I have a question on the point at which we start looking at adusting positions. Coach, I believe you've been advocating a distance of about 15 points between a short strike and the SPX price to consider pulling the trigger on an adjustment (I hesitate to...

Thanks Rally. I'll check out the links. Since you trade options on futures, what's your take on this strategy? My thinking is that if I can go out 150 to 200 points and get a decent credit (and this may be a really big assumption), then this might be a very high probability strategy. On...

I'm interested in studying this strategy further. Not for selling naked puts but naked calls on the ES really FOTM. Unfortunately, I have zero experience with futures and ToS does not have options on futures. I know that IB does. Is there any website out there where I can see free quotes on...

Back to the markets and trading...... Attached is a table showing the extent of the recent drop in the markets and select commodities. BTW: Is there a way that I can display images contained on my hard drive (not the internet) directly in these posts as opposed to attaching them.

Mo: 1) Since you won't reveal which actual strategies you use, at least tell me if you've ever taken a big loss? Gimme something :) 2) I can think of one alternative to us discussing risk management again ad nauseum. You could employ your considerable prowess at website searching and...

Interesting result, Coach. Might make me eventually start doing bull puts again. I've been steadily increasing my bear call to bull put ratio and June was the month I decided to start my 100% bear call only strategy. Mostly to obviate the black swan event but also for times like this...

Coach: I certainly had no intention of being rude and apologize if it came across that way. You are the primary reason why this was (is) the best thread on ET. I certainly learned a lot from you and appreciate everything you've done (and still do) for all of us. Thanks, again.

I have decided to dramatically curtail my involvement in this thread (probably will drop out). Probably few will care, but for anyone who is interested, here are my feelings: 1) The thread is becoming less and less informative. It is now essentially an instant messaging service for a select...

I've generally had bad experiences with the RUT. It's too volatile and the MMs are RBs. I'm only trading the SPX right now and am quite happy.

I've only been in bear calls this month so haven't experienced any turbulence. I'm up 20% on margin risked this year so far (through May) and June is looking good.

Synaptic: I'm only doing FOTM bear calls myself because of the black swan. Based on some preliminary experience I think I can do 3 to 5% of the margin committed a month. But, need to be careful during strong up months (typically the end of the year). Donna V. legged into bear and bull...

Thanks, Mo. I remember now that riskarb did mention to use futures on this. I think I'll start paper trading these to get a feel for how this works. Again, appreciate the detailed, clear explanation and references. BTW: Do you ever post any of your positions anywhere where we might...

Yeah, I guess you'll have to do. :) So a bear risk reversal would be the selling of the call and the buying of a put. Let's talk about the SPX. Selling a naked call would have a very high margin, so one would need to sell a bear call. Any thoughts on strike selection for the R/R...

Coach, good to hear from you. I have a question on the risk reversal that riskarb suggests for the bull puts. I'm not sure I understand how this works? Is this where you sell a call to finance the purchase of a put that provides downside protection? If so, then given the margin...

Chrdso: I'm starting to use a similar strategy. I'm putting FOTM positions on earlier and am looking to get out earlier. I'm looking at July now, but with this crazy market, I'm cautious. But with the SPX it can be hard to get out because of the b/a. I'll have to see myself how well this...

There's a lot of information on this in the journal. But unless your MoMoney, it may be hard to find. I recommend that as you find information on your travails through the journal that you cut and paste it into a word document so that you can quickly reference it later. Typically for FOTM...