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Bought SPY 129 @0.70 Now 1.50. Put a stop @1.40. 100% guaranted I am looking for some debit spread. We should see a bounce by beginning of next week.

I use RSI(5) and Stochastic (12,3,3). I have been very successful with this setting. My Call or Put Spreads are based on these settings. I will enter May 1280/1270 either tomorrow or Monday for a short term bounce. I have SPY 129 as protection anyway.

Positions Update 15 SPX 1375/1385 @ 1 now worth 0.4 10 RUT 820/830 @ 1.50 now worth 0.50 8 SPY PUT 129 @ 0.70 now worth 1.15 I am looking at 1250 for PUT and not higher. I think We are going to test MA(50) on SPX and RUT tomorrow RUT MA(50)=754 Close at 757 SPX MA(50)=1300 Close @...

Be carefull with NDX. There is a huge divergence in this sector. The Dow and S&P were making new all time high when Nas was at less than 50% of its all time high. I have traded NDX before but I would prefer playing RUT rather than NDX and MNX. Reason: This a commodity market right now...

As you all know, I was very quiet in May because of Fed and Job report. KJune should be pretty good for Call sellers. Presently I only have : 10 SPX 1340/1350 @1.50. It seems it's going to be safe by next Friday. The market was in a bubble before Fed. I had plenty of cash but I didn't...

Rally, Tomorrow there could be some weakness due to Dell disappointment. Are you still considering getting out? i am hanging in there and I will see what will come from the meeting before closing the position. Meanwhile I will do everything I can to open a Bull PUT position either tomorrow...

Beautiful channel. My position is at the bottom of that channel

Are you telling me to get out of my 1340/1350? Before I do that I would consider getting whatever I can for the 1285/1275 PUT to help me with any loss on the call spread

I see retracement (turning point) at 1332-1334 range. Rally I wouldn't close the 1335 yet. I am at 1340 and I am not ready to give up either. It may not reach 1332-1334 (depend on bernanke) But I am expecting retracement by middle of next week At 1333, I will start entering some June...

Unfortunately, I don't see any excitement. TOS doesn't work for me. If you can use the Desktop version, ok go for it. Regarding the Web Version, no way. I can't get the Desktop version to work at work so I am out. I put 12000 in the account, that's all it will see. MHO

I have been with OX for the last 6 months and I don't have any complaint. I don't want to complain when I don't get filled because I am not losing any money. Last week I started an account with TOS and I am struggling to understand their platform. During the day I am at work and I can use...

I can't believe Donna is not posting anymore.

It seems that you guys are calculating 1 STD based on 365 days. Isn't it more realistic to consider 20 or 30 days at most for our trading style?

How many days do you take into account in determining your 1 Sigma of 1371 for June?

For me, it doesn't matter 45d or 30d or 15d. I enter when ythe technicals dictate me to do so. Don't forget, entry is key in this game. You may have entered 20 1340/1350 @ 0.75 45d to expiration you get 1500. I enter 10 1340/1350@1.50 . We get the same total premium but I got 1/2 of your...

Next time you place one, can you post it? I want just to see an example of your short strangle

What do you like the most? Being safe or big fat premium

You are right. Whenever these guys sneeze or fart the market moves. You need to watch also when Maria (CNBC) changes underwear. This market is so manipulated, I don't think 1 sigma will ever work safely.

Waiting for confirmation from SPX indicators. Today was just the first step getting myself into it. If I was trading OEX this month, My indicators tell me to sell Bear Calls right now. But I don't want to.

Can you tell me where I can go to find the 1340/11345 for 1.50 credit 5 days ago? I haven't been able to find it.