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@MM Do you have an idea of your expectancy ? You are fighting a huge bid/ask spread on options that DITM. I occasionally trade a similar pattern but using sector etf's at a 50 or 60 delta, very tight b/a spread.

FWIW....Fischer was on CNBC yesterday suggesting stay/get long oil, ng and energy in general, although I didn't have chance to pick up on specifics.

Wow, based on lack of replys guess it's not much of a deal !

Hey guys. Didn't the 10 yr just push through the 200 day a day or so ago at about 1.74 %, closing today at 1.78. Isn't this significant ? I'm not hearing a lot of buzz from the financial media, am I missing something ?

While this is technically true, any contributions that may qualify for State deductibility are very limited due to maximum income restrictions. On a practical level, many families that have the excess liquidity to contribute to a 529 plan would be at these income levels. That being said...

"Distributions for qualified educational use also go untaxed"...this is true, but the original contribution is AFTER tax dollars. These plans have been around for over a decade, nothing new. But, maybe to your point, less affluent families usually do not have the disposable income to...

thought about UVXY, but looking a little longer term

ATM Vertical debit spreads (B call ITM 60 delta/s call OTM 40 delta), DTE October 21 . looking for a upward move in the vix now through October. As you mentioned the tighter spread on the VXX is one benefit over the VIX...any other pluses/minuses ?

looking for pro/cons on using either underlying for a ATM spread. VXX has contango issues but aren't the OTM calls on VXX also skewed higher making a debit spread slightly cheaper ? Other thoughts ? Thanks

You don't understand the thesis of the strategy. Ultra-simplified...The gain on one side is MORE than the loss on the other , hence a profit, in a successful trade.

Another application for the 3x ETF's is in an account where you are looking for leverage but can't use margin,options, or futures. Ie: certain IRA's. If you catch the directional trend they'll work but volitility is not their friend, as Sig stated, very path dependant.

@sle ...if I'm interpreting correctly, you believe there is a good deal of subjectivity (vs objectivity) in trying to predict vol ? thanks.

yea thanks, that's along the lines of my thinking.

Thanks, actually I have been buying the ITM 60 delta calls +60 DTE since I'm not getting compensated selling put premium. But back to my original OP concerning credit spreads.....maybe net credit received/margin requirement DOES need to at least equal the short side delta for it to be...

Optioncoach, to expand on trilogics question and to get to the gist of my OP....what ratio/value do you look for between credit received from the spread and delta ? Thanks in advance for your response.

although I do see rational behind your OTM recommendation, thanks.

thanks, but I don't think it is really a question of the nominal dollar amount . It is of how the ROC (or lack thereof) compares to the delta (used as approx. of prob of being ITM). anyone else ? thanks

I realize puts are usually "expensive", but they seem to be unusually expensive across the entire chain. ie: with the spy at 216.5 selling the aug 210/208 put credit spread results in a .22 credit at best. .22/2-.22 = 12%, Hardly enough ROC to justify the current 19 delta of the 210...