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    SPX Credit Spread Trader

    Trading Journal You mentioned you were watching the IV the other week, on the STRADDLE. I'm looking and writing them down. As the trend advances, the SELLING Bid price totals, stay lower priced than the ASK price totals you would have to pay to buy the straddle back. I'm wondering...
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    SPX Credit Spread Trader

    TRADING JOURNAL While messing around on here, I noticed that the bull run took a boost? In checking the Implied Volatility, the CALLS shrank and the PUTS increased. What am I supposed to read in this? Is there any useful knowledge here? For a SHORT STRADDLE maybe? How do I judge when...
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    SPX Credit Spread Trader

    STANFORD NEVER heard of one! Most commercial services brag when you win and disappear when you lose. I'm getting two subscriptions FREE from outfits that want me to give them money. Don't believe in it myself! Sales pitches are unrelenting, described in the most glowing terms...
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    SPX Credit Spread Trader

    Trading Journal At the moment I'll stick to the STRADDLE ATM idea. Not when I decide to put it on of course! Was trying to figure out STRANGLE premiums this morning and got them all bolloxed up. Think I will simply have to play with them for another week or so? Right now the STRADDLE...
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    SPX Credit Spread Trader

    Had to go out on other business. So just got back in and ran BIG CHARTS to see how the day ended? Looks like a very weak up day tomorrow? Wonder how that compares to your models, Sir Galahad?
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    SPX Credit Spread Trader

    Trading Journal I had to read it twice to get your blurb on battles. The key word was BUYERS were to do the bleeding, which I missed the first time around. Ha! Ha! Why not the weekly bottom? Well I am not selling the weekly bottom anymore, only the TOP because of the risk, or...
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    SPX Credit Spread Trader

    This Monday morning is the monthly expiration week. You use the regular monthly option chain for this. As there are no special weekly prices on the coincidence of the end of the monthly expiration. All the same thing now. There is a lot of signaled pressure for an up move. But the...
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    SPX Credit Spread Trader

    Okay, think I got it. Thankyou kindly Sir Gallahad. Market looks dull this Monday morning? I'm looking to identify the weekly HIGH.
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    SPX Credit Spread Trader

    Trading Journal Okay on the TOS website to put on the short straddle credit spread. Think I have it figured out. Won't know until I try it? ********************************* On the SHORT STRANGLE, as far as I can figure it, is the same as the SHORT STRADDLE, except the...
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    SPX Credit Spread Trader

    Using Thinkorswim web based trading platform SUNDAY Well I tried the OEX 490 ATM STRADDLE. It gives me $12.65 credit. You hit the blue arrow on the bid side as you are selling the straddle to bidders. Then I canceled the entry and went to the OEX 490 ASK side and got a buy straddle at...
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    SPX Credit Spread Trader

    Hmmmmn! To Stanford. The TOS web based free trading site is formidable and I am still shaky and learning how to use it. After a couple of months. Elite Trader - for example asks why not use the TOS think back feature for back testing? Why not? Simple - first I have never heard of...
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    SPX Credit Spread Trader

    Yes! You got it! It is all in the scale on the side of your chart. Different scales. Same overall chart pattern, but you have a bigger magnified scale on the NDX. That at least is my impression. I haven't delved into it, as I see no difference in profits whether trading one or the...
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    SPX Credit Spread Trader

    Open Interest as a target for expiration in the weekly OEX index. Thought I would see where the expiration number will be for today? Somebody once on the internet said that the expiration number gravitates to the most OPEN INTEREST, or largest. I remembered that, despite having...
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    SPX Credit Spread Trader

    TID BIT on SHORT STRADDLE CREDIT SPREADS TIMING Picked up a tidbit last midnight browsing SHORT STRADDLES on the internet. It said the ADX is a good slow line for putting on SHORT STRADDLES. When the slower ADX starts to go down after a trend, the price action of the underlying is...
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    SPX Credit Spread Trader

    NITTY GRITTY DETAILS OF THE SHORT STRADDLE CREDIT SPREAD. Trading Journal I paper traded a SHORT STRADDLE yesterday about NOON Thursday and got by SELLING to the BID, a total of $3.20 + +$3.60 = + $680 gross credit before commissions. The next day as the market is going sideways and...
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    SPX Credit Spread Trader

    Stanford You will have to run some comparisons on movement by the OEX and NDX. The two times I did it, a month ago? I got 9 to 1 ratio and sort of evened it out at 10 to 1 ratio. For quick useful discussion. But no, I don't see a ratio of 4 to 1 in the two charts, or didn't rather...
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    SPX Credit Spread Trader

    Trading Journal and Cache Landing It is after midnight and I am just reading the last couple of blurbs of my lessons. This doesn't seem like option 101 anymore. It more feels like software engineering classes. I'm glad Trading Journal qualified it, with this "will come over TIME"...
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    SPX Credit Spread Trader

    TRading Journal "In relation to predictions, the models that made the prediction of the QQQQs 4 days ago (read previous pages) told me time last night to cover any short position if QQQQ hits 44.80 or below. They opened the QQQQs at 44.50. Now I want to consider selling some 45/46 strike...
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    SPX Credit Spread Trader

    Oh lordy me! Trading Journals I don't know what you said? I will have to print it out and re-read it a few times. I went to Community College and took a C+ software programmers course when I was about 68 yrs old. Annoyed the teacher no end, who tried to make me quit. I actually...
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    SPX Credit Spread Trader

    I WILL RESPOND BELOW! Stanford Registered: Jul 2010 Posts: 14 08-12-10 06:40 PM falconview, here was my paper trade for Aug, done on the Monday after settlment, on the NDX. At the time it was trading around 1840 and my forecast was for a rising market so I did the bull put...
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