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One of the questions I have is that I understood the SPX was a European style index in which my reading says you cannot close a spread until expiration. Yet I see people closing spreads. I must be missing something here? Which is why I chose the OEX for one reason and the SPY...

As a newbie I ran across this thread a couple of weeks ago in the middle of June, 2010. So far I have only read up to message 58, of 2300 messages. The first 58 have answered a lot of my questions. Will certainly continue reading, but can only absorb about ten pages at a time. I've got a...

I've been trying to find something on the internet about Income tax paying for spread trading. I've come up with different numbers, of 28%, 30% and 40% Would not at the end of the year like to pay too little, or too much. You professionals out there, can you tell me what the rule is for...

Thank you Art for the reply. I do have that confirmed as a) buy back the sold side and b) let the buy side expire. I had sort of figured those two out and glad to have that confirmed. C) the closing of a credit spread on the OEX in thinkorswim platform I just got off an email to support...

Forgive a neophyte for asking a dumb question. I'm trading weekly OEX credit spreads as a beginner. So far I have 9 successful weeks. First I had to try a couple of brokers and settled on Thinkorswim. Then I am still learning the platform. Running across this thread forum I have spent a few...