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Coach: I have currently have a May 1245/1255 bull put spread. Do you think I will be safe. I do have a partial hedge. If the market opens lower tomorrow, I am thinking of closing the position or rolling the short side for a loss tomorrow. Any suggestions appreciated.

Coach: Let me be the first to congradulate you on the success of this thread with 1000 pages to date. I am still finding tidbits of information I missed on my second reading through the thread. Thanks go out to Coach and all who continue to contribute to the knowledge base of this thread...

Coach: That's what I was thinking since sometimes I can't monitor my positions all day and I was thinking that time would be of the essence in case of a VIX spike. In case I was watching when the shitake hit the fan, then I could always decide to cancel the contingent order if I thought the...

Coach: I know you have purchased VIX May calls for hedging against a black swan type event. To take this one step further, what do you think of placing a contingent order to sell the calls if the VIX reaches a predetermined amount. This is all hypothetical but for example: Say you have sold...

I have been following this journal for several months now. My first spread trade this month (1230/1240/1345/1385 IC) expired for a 6.9% return on margin. I want to thank all who have posted on this board(especially Phil) for the education I have received. Prior to this I was using an options...

Donna, Thanks for all the good info. Jim

Donna, Good trade. I am a newbie and have been having difficulty placing my trades at the prices I want with the large spreads on the SPX. I would also like to leg into my trades but I realized it takes more monitoring that just placing a spread order. I would like to find out more...

I don't know about the rest of you but I'm tired of flipping through 800+ pages. Someone needs to put together an index for JA pictures on this thread :)

Donna, Thanks for the input. I think I will stick to 5 -10 point spreads for the time being. The 20 point spreads have decent premiums but I don't want to find their drawback the hardway.

Coach: I am new to credit spreads and am trying to learn as much as possible from your thread. I am on the second go round reading through this thread and keep on finding things I missed the first time. I have a question regarding what the disadvantages are of using a 10 strike spread as...

Coach: I have been reading this thread for several months and want to thank you for all your input into the discussions. I would like to trade spreads but I need some basic education on performing technical analysis. Can you suggest a good basic book on the subject. Thanks again.