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    SPX Credit Spread Trader

    Coach, My return wasn't bad at all for this month I made money on SPX 1260/1250 SPX 1305/1315 RIMM 1270/1275 RIMM 1265/1260 OEX 590/595 OEX 585/580 I also had 15 SPY128 for hedging which give me a lot of money today. I made at least 6k this month. I use my 10/10 formula to...
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    SPX Credit Spread Trader

    I called them and they confirm that if you call after SET is out, they can free the margin. 1284 SET is also confirmed that's good
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    SPX Credit Spread Trader

    Coach, I thought the SET value would already be published. It's now 12:05 and I can't find it anywhere. Is it out?
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    SPX Credit Spread Trader

    It's a way of talking (joking). I am a chicken and would never dare the market. I learned my lessons and have been trying to get 3-4% return every month. If I can get 2% and safe I will too. I am making sure my portfolio doesn't desintegrate. Lately I have been playng Spreads strategy on...
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    SPX Credit Spread Trader

    I am going to wait for moday to enter my Put position. I have been bearish on the market since last week and already but a lot of SPY128. I am willing to go 1230/1240 and dare the market to go that low.I would make a lot of money. I will wait and see but I know FEB and MARCH are not going to...
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    SPX Credit Spread Trader

    Where are you at in term of short? 1265-1260 too?
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    SPX Credit Spread Trader

    No word on SET yet. As of last night I had 25 points I hope It won't be near 1265-1260
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    SPX Credit Spread Trader

    I am going to leave it. If 25 points on the down side and 20 points on top are not good enough, It doesn't make sense to trade SPX at all. I want to leave it the way it is. Good luck
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    SPX Credit Spread Trader

    Coach, I am protected by 20 points in both PUT and Call Spreads but I didn't want to leave my money and have bad dream tonight. I would like to let it expire worthless but I don't know about this SET story. I am 1260 and 1305 shorts. I don't think SET could be that big but in the other...
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    SPX Credit Spread Trader

    Coach, I don't think I need to worry about SET. As of 9:05AM Thursday, I am 25points away from the short on the call side and 20 points from the short on the Put side. I have 1305/1315 and 1260/1250 total $1.05 credit Should I worry about it? Or shoud i trade for 0.05 debit where possible?
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    SPX Credit Spread Trader

    Donna, Instead, I close the edge at 12.50 (too close to expiration). Close to expiration, the calls drop like a rock. I close the hedge and open a new one for February which will be used for my 1305/1315 and the next one to be opened for February. I still have the 1305/1315; I have 20...
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    SPX Credit Spread Trader

    Everyone I own the SPX 1280 @ 12 since last december. I wanted to sell the 1285 for 12.50 or 13 to make it a bull call. Does it make sense. I still have it for hedging my 1305/1315 spreads Cheers
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    SPX Credit Spread Trader

    Don't only count on this when selecting your short strikes . You need to consider Fibonacci Retracement/Expansion, Moving average 50,20 200. Price movement of the last month and also market direction. MHO
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    SPX Credit Spread Trader

    What strike do you choose 1275 or 1270? At what specific time do you take this measure? Do you take the PUT and the Call and then add it up? (long Straddle definition) Please answer.
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    SPX Credit Spread Trader

    To all, I had 12 1280/1285 @ 0.70 Stopped out this morning for a gain of 0.10 30 1280/1285 filled @ 0.55 Just got out for a gain of 0.20 (I want to sleep in peace tonight) Hedges gain SPY 135$ SPY 600$ So I am happy with : 235$ + 500$ + 600$ gains in SPX spreads I also...
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    SPX Credit Spread Trader

    I screwed up big time (kind of). This morning I was late to work because of family affairs. I had 12 1280/1285 at 0.70. When the market was going up, I put a buy/close order for 0.60; at that time the bid/ask was 0.90/1.25. I never expected to come here at 8:30 and find SPX down 3 points. My...
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    SPX Credit Spread Trader

    Coach, I still haven't done anything yet with my 1280/1285. I know it's very risky. I hope I will get some TIME VALUE tomorrow. The OptionsRez Calculator analysis told me I have 81% of success in this trade, using the actual price, option prices, expiration date and volatility. What do...
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    SPX Credit Spread Trader

    Ryan, I got this from CBOE. Where did you get Wednesday as last trading day? Last Trading Day: Trading in SPX options will ordinarily cease on the business day (usually a Thursday) preceding the day on which the exercise-settlement value is calculated. Settlement of Option Exercise...
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    SPX Credit Spread Trader

    Sorry, but the last trading day for SPX is Thursday before Expiration
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    SPX Credit Spread Trader

    That's why I want to wait for tomorrow to get out. Today seems to be flat to slightly up. I am not waiting for SET; That's for sure
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