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OX should give you the realtime IV for the specific index. Actually it's 14.29 from OX. The 13.9 is from another site and it's from yesterday close ; they update it every other day. So the real IV for 1650 NDX is 14.29 as of 6.52PM today

Actually, With 13.9% volatility, the probability NDX finishes below 1650 (my short Strike) is 76%. Is it worth waiting? Cheers

Yes. NDVKM/NDVKN 1650/1665 I am going to leve it as is for now. I will wait next couple days Thanks

I don't have any profit for now. 1629 is multi year resistance. NDX moves pretty wild. It's way overbought but this market is not looking back at all the way I see it. I have 6 NDX1650/1660 for 2.50 credit. I am down now. I don't like to cover on Thursday or Friday. I am waiting for Monday...

Coach, What hedging factor should I use to protect me against this bad trade? I have th 1650/1660 NDX Call Spreads. The reasoning was 1629 is the two years high. I thought that it could back off. The market is so hot now. I could buy the MNX to protect it. What should be the Hedging...

Coach, Are 30 cents worth the risk? I would wait and see how the market is evolving. My 2 cents.

Phil, I had the same market overbought condition on SPX and OEX and I decided to buy NOV Puts on them. There are too many resistances on both indexes coupled with overbought conditions. Resistances: OEX 556, 560, 565, 567 SPX 1199, 1204 1207 (50% Fibonacci retracement) 1209(MA(50)...

Phil, I had the same market overbought condition on SPX and OEX and I decided to buy NOV Puts on them. There are too many resistances on both indexes coupled with overbought conditions. Resistances: OEX 556, 560, 565, 567 SPX 1199, 1204 1207 (50% Fibonacci retracement) 1209(MA(50)...

I finally get filled for : SPX 1110/1095 $0.50 credit. 72 points cushion is not bad I will hold onto this for now and next week I will add some more.

Thanks Coach. Next time I will commit at least one contract.

I was trying to get filled today but I couldn't. I am not in a hurry. NDX and SPX still have to give some grounds. SPX should test it's October Low of 1168. Hopefuly I will get filled by then. Stochastic and RSI have some room to go down to. The market will bounce not before NDX and SPX are...

I wouldn't touch 1630 now even if it would make triple top. The minimum I would go for a spread is 1650. That's probably why I prefer dealing with SPX. NDX can go 20-25 points any day. I find it very dangerous. I am looking at getting some OEX and SPX before Monday.

NDX is pretty wild. It's a heart attack index. If you can't handle the risk and volatility, don't even try it. You can make fast money though if you are on the right side of the market.

I don't believe the market is ready to make any up move now. The short term RSI and Stochastic are way overbought on NDX and SPX and we need these two for up move. I am even trying to buy the Put on SPX (short trade). We should see a last wave down before substantial up move( MHO). I am in...

I am new to this thread but I can tell you this is great. I am a stock investor I started trading option last July; I was doing it like a fool just to learn. I paid a big price for that lesson. I have traded covered call last two months and last month I read about Credit Spread and I think...