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Yes, yes, the put condor is the way to adjust. I orginally wrote butterfly to adjust but then realized that the body wouldn't be equal so changed it to two trades. A couple of questions: 1) What's the profit range of the iron butterfly alone, without adjustment? 2) How much credit do...

So, you're buying the 560 OEX put and selling the 575 OEX put. You're also selling the 575 OEX call and buying the 590 call. TOS shows the credit on this would be about $9.00. Then if the market goes down to 560, you enter a two trades to adjust the position from 560/575 to 530/545 with...

Coach: Are you doing anything with the SPX weeklies?

Andy: Funny you should mention this. I'm experimenting with the idea of putting on spreads 60 days out. I already have a January FOTM bear call position. My goal is to try and keep 50 to 75% of the premium and get out. Haven't thought through the margin points your mentioning, but I...

Murray: Thanks for the post. I've been moving towards a strategy of not holding on to my positions to expiration and your spreadsheet has confirmed that I'm doing the right thing. 45 point difference in September of 2001 (5%) is unbelievable?? :eek:

Extractor, welcome to the thread. You say you've been doing this a long time. I, for one, would appreciate it if you would share some of the trades that you are putting on and your general strategy. We're not interested in the number of contracts or amount of money you have committed...

Mo: I'm not very familiar at all with backspreads/ratioed wings. So if I was looking at a 1180/1190 bull put credit spread, what would be the corresponding backspread/ratioed wing that you would suggest? Something like buy 1.3 1180's and sell one 1190 (of course it depends on the...

I'm not sure I'm as pessimistic on 1275/1280 position for a couple of reasons: 1) It's only a 5 point spread 2) There's almost 4 weeks left 3) The long will not be held until expiration, the idea is more to attempt to break even if possible. 4) Stop loss on the long is key. Having said...

Good point and well said. [/B] I'm also thinking that its better to treat adjustments and trying to make back losses as 2 separate tasks. By rolling up and doubling down, I'd be mixing the 2 and that's probably not good risk management. ITs probably better to decide on increasing my...

Mo, correct me if I'm wrong, but I think I've seen you post, more than once, that you don't trade the SPX. Under the assumption that you trade credit spreads, what do you trade?

There is another alternative, but it is risky. I hesitate to post it, but I don't recall seeing Coach respond to this alternative (but with over 2000 posts, he probably did somewhere). So here it is, but it can be risky. If the market keeps moving up and you're convinced it will keep...

You say you like to keep your margin requirement at $20,000 but you also say you have enough room to roll up three times. Isn't your current margin at $20,000 if you have 20 contracts of a 10 point credit spread? So, are you planning to potentially take this double down bet with even more...

Coach: What's your current analysis on the 1275/1280 position. I'm a little concerned particularly after the two expected announcements on sales of Boeing jets to China and UAE. What do you think?

Okay, if we can't store key info here in ET, how about in your Yahoo group?

Here's a link to a web site that is still under construction, but has useful data regarding patterns in the stock market. Timing the Market Patterns in American Stock Market Movements http://www.benbest.com/business/timing.html Maybe this information will be of use to us in...

Donna wrote: I owe ALL of you guys a lot ..... :p [/B] I don't know about the others, but I accept credit cards :p

Coach: Here's an example where it would be so helpful if we had a central place to store files. Instead of having to post or do research I could go to the central file area and look at the document titled "Index characteristics". That way I could refresh my memory as to whether it's the...

Andy: I too am headed in this direction. I was out of all of my November positions over a week ago. However, I'm not ready to put on positions that have my short strike closer so that I can get the higher initial credit (higher credit needed for reasons you mention below). Instead I'm...

IV: You're suggestion sounds interesting, but I have to agree in that I couldn't follow it. If you could please post a hypothetical trade and show us how the entire trade would be put on (the 1/4 that you mentioned and so on), that would be great. None of us here, including Coach...