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Ended up getting filled on 2 separate orders for a total of 120 contracts of the MAR 1235p/1230p for .25. .... completes my IC for MAR ... (didn't think I would even be in an IC this month). Guess I'm rooting for Uncle Theta now!

Trying for .25 on the MAR 1230p/1225p .... bid of 0 and ask of .7 .... think I'm getting filled? ..... ugh MM !

Close at 1294 and change ... Coach, see any patterns in the charts at this time ? I would assume the head and shoulders is negated ?

Anyone have an opinion on March PUT spreads ? 1240/1235 would be 55 away on the short side (below the beginning of the year lows) and it looks like .25 midpoint at this time.... :eek:

looked more like a morphine drip !

The chart on the SPX looks VERY odd this afternoon ... since about 11:30 the price looks like it went comatose .... what gives ?

Thanks Cache .... I added the overbought oversold technical study to my OE Java Chart but I'm not sure I know what I'm looking at .... not sure I see any correlation between equity price and OB/OS position .... ?? :confused: :confused:

Coach, Wondering what your Crystal Ball is telling you as to the direction of this market ?? .... I had it marked down as turning over today and heading south .... boy was I wrong (so far). See any particular patterns in the charts at this time ?

March straddle is around 27 .... using coach's double straddle rule you'd be looking at the 1230p/1220p right ? .... just kidding .... I'm looking at the put side also and would agree that even 1230 looks dangerous !

No I didn't do the put side. I'm still waiting for the "shoe to drop" so to speak. The stochastics are showing way overbought conditions and I don't want to take a put side and watch as the market relentlessly drives against me for the next week or so. BTW. what technicals do you use and what...

Wondering if anyone is thinking of Iron Condors for March? I've got the Call side covered for March contracts with the 1325/1320's and based on the trends and stochastics it looks like we're heading down from here. Would obviously like to see us run down and begin a turn back up before trying...

1289 Settlement ?

Our company previously used Dell server equipment and switched over to all HP this year as they offered the AMD Opteron processors in a couple of their mainstream servers and Dell would not (most likely a pricing agreement with Intel). Our testing showed the AMD processors were MUCH faster than...

I think alot of people felt the call side was where we wanted to be this month (MAR) given the downtrend that was appearing on the charts. I looked at last weeks up-surges as a gift from the Option Gods that I might open up my Call Spreads for March for good premium! Let's hope thye hold.

My average on the MAR 1320/1325 CALLS is .55 (120 contracts in total) ... good fills.

Coach, Wondering whether I want to adjust down my FEB 1230/1225 PUT position now that we've broken 1260. Thinking of moving down 10 to the 1220/1215. I figure closing the 1230/1225 for -.45 and opening the 1220/1215 for .20. Originally took .25 on the 30/25 spread so it would be a wash...

It's a bit after the fact but I still wanted your opinion. My PUT side was (60) 1230/1225's for .25, and (40) 1225/1220's for .40. Today I opened (40) FEB 1320/1315 CALLS spread for .30 and used the $$ to buy (20) SPY 124 PUTS @ .50 per.

Coach, You probably already covered this subject but I wanted to know how to calculate the protection needed for a potentially threatened existing OTM spread. I was reading ASK SLIM's column on Red Option and it made me a bit queasy (all doom and gloom)...

I'm still going ahead with my 1220/1210 .... trying for .90 now.

Is it true that OE will free you JAN position margin after SET assuming your positions are out of the money ?