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It would be interesting to have both indexes included in this thread. OEX, XEO don't move as fast as SPX anyway.

My thinking is that the market is due for a pullback. I really hope so. Today I entered 1280/1285 for and average of 0.65. But the fact that SPX closed above 1246 bothers me. I am going to watch Monday and Tuesday very closely. You can always buy some calls as protection. That what I think I am...

I paid the price but I learned a lot since I have been in this group. For example I just accepted $0.50 for 1280/1285 but I am ready as soon as SPX close above 1246 to buy the DEC or the January as protection. I still believe we will see some pull back. Now 1300 is the best trade for safety...

I am watching SPX today. If it closes below yesterday close after the big runup this morning, it would be very bearish. Close above 1245 is critical for any subtantial rally from here. It reached 1249 and now back 1243. We shall see I am watching and any pullback will be an opportunity to...

I am trying to fill my 1290/1295. I haven't got my price yet. Maybe tomorrow morning I will make sure I get filled. I am not sure SPX is ready to break the 4 years high yet. I am looking for a pull back. My short strikes for december are: 1150-1160 for PUT and 1290 for Call. Cheers

I am letting it expire wortless. I don't want to buy back.

I want it to finish higher than Thursday SPX close

I am talking about NOV and yesterday I grabed 0.50 for the 1210/1195. I do have the DEC 1225 PUT.

Coach, If the market keep going south and SPX around 1225, I would like to add some 1210/1205 Put Spreads at 0.50 if possible. Would it make sense. I do have 1225 PUT to protect it anyway. What do you think?

At what time on Friday the SET data becomes available?

Ryan, What do you mean by Friday morning SET? I thought that all trading stops after Thursday in the SPX. Also what is LOL? I had the guts to do the 1210/1195 Spreads yesterday for 0.50. I did it because I also have the 1225 PUT sitting there as protection. I would be very happy to see...

Using the latest data, here are the locations where the short strikes are the safest: 4 STDEV=1276 BUT TOO RISKY WHEN PUTTING VOLATILITY INTO IT. When putting Highs and Lows into the equations the safest Strikes would be: 1300 for Bear Call Spreads and 1135 for Bull Put Spreads. For...

I have a strategy, I told you. The 4 sigma would have worked well but I didn't follow it. It's my bad. 20 days ; 4 sigma give me the right cushion and is close to your trading strategy; sometimes it puts me 20 points below or over your trading points. I lost but I hope I will get something...

I closed it for a loss. I learned something from it though. NDX is too wild and unpredictable for spreads trading. From now on I am going to stick with the SPX; I swear. I am loosing because of my ego. I should have never been in thta trade anyway. Thanks for your concerns. After all...

How would you roll this one? 1650/1665 is 1700/1715 ok?

Coach, I am in a big hole with my NDX 1650/1665 NDX is now at 1645. I need to take action. What should I do to roll it. Please advise

Coach, The reason it has been in a tight range this week is because 1635.74 is the high resistance for the last 2 years and it's approaching it, trading above it, everyday but never close above it. As soon as it closes above 1636, I have a hard decision to make. I know for sure that by monday...

Coach, What should I do with my NDX 1650/1665. Do you think it will reach the short side in the next 6 trading days? Momoney, Did you enter 1630 area that you were looking for in the NDX?

What do you mena by iniating IC. What does IC statnd for

Coach, Do you remember my Credit Spread NDX 1650/1665. Now is the moment of truth. NDX closed at 1628 I just checked and 1635 is 52 wk high. Here what I would like to do; let me know what you think: 1) Buy DEC 1640 Call ( eventually it will bust the 52wk high). 2) Buy DEC 1640 Put (...