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Ryan, Rally's trading at the top of the channel is great but I would be careful and I would match this wonderful concept with an overbought condition. Otherwise, if it breaks out the channel you don't know how high it can go.

Rally, I am sorry, you didn't specify in your original message that it was for a 5-point spread that I would have got the same credit. At that time I wasn't ready to enter any trade at all. Today is Friday and I felt bored and wanted to throw this trade. If I wanted to go full wave, I...

Rally, I am not smart enough to understand the big options concepts. I don't know why I should put my trade at the same strike for the same price 5 days ago instead of today. Me I trade base on oversold/overbought and i am here for the bucks not for the big options knowledge.

Mo, The IC is placed Wednesday afternoon and it's a directional play and you are ready to get out at anytime of the tsrike that's being threated. 10% is not impossible in a trade like this.

If you play at the right time for the right premium, it's wort trying. OEX gets you faster fill than SPX. JMHO

Donna, I felt so bored this morning that I decided to jump in your trade with you. I am sitting on 100% cash. So I decided to do 10 SPX 1340/1350 @1.50 or 15%. I am testing the water and next week I will see If I can get a little bit more premium. I shouldn't be at less than 1350 but...

I found out that OEX needs to be traded at Resistance and Support in order to get good premium and be safe at the same time. IC on OEX is not that smart. Enter your call side at overbought and be patient because the market will come back down one way or another; enter your Bull Put at Oversold...

I have made most of my money in OEX but this month I stay away 1) Because the premium was not acceptable for the strike I wanted. 2) For the same premium, I could go 35 points away for SPX 3) Coach told me to reduce my exposure and I listened I look at OEX as a momentum paly; If TA...

I never requested any help to use OX software. I just created an account with TOS and my God I can't even find a way to trade simple option. Somebody help me!!!! I have downloaded the Desktop version and there is no way I can use this wihout help. How do I watch a spread with this thing...

The MMs don't like me. I am still at 100% cash waiting for them to bite and they don't seem to like my money. I am looking at anything above 1335 as short but so far they don't want to dance. cash is still good Wait for GDP tomorrow.

When is the next Fed meeting?

I finally opened the TOS account and I will transfer everything from Ameritrade (poor options trading platform). I talked to Scott and He promised same rate as OX. I did it based on your good advices. Thanks

You should see a bad Trading platform (Ameritrade). I have been with them for the last 6 years. I never traded options until last July. So trading Stocks and simple options are easy to be done. I negotiated 8$ trade + 0.75 per contract. But When I started doing Credit Spreads I got sick of...

What is soo good about TOS? I don't see anything wrong with OX so far. I don't know but I never had to call them very often but when I need I always got customer support. I term of getting filled, I never complain when I don't get filled because most of the times, it's for a good reason. I...

Discipline is key PIMP. Me personally I select my series of strikes 20 to 25 trading days remaining. Don't be running for premium. Stick to your discipline and be patient. I like to wait and wait until I get what I want. Cash is king. I am not in a rush of being filled. Sorry for your...

You can always get good credit, be OTM and safe if using TA for entry time. Enter when oversold condition exists (PUT), overbought for Call. This way You can be 30, 40 point OTM and still get good credit. The market goes up and down. Matching your entry with TA gives you an hedge. I believe so...

Advice well taken. I am 100% cash for now. I will enter for sure but I will be more cautious. Thanks coach

My fellow SPX traders, Here is my update for the month and year to date. I assume OEX will not reach 600 in the next 5 hours. Monthly: 15 OEX 600/605@1.135 =>1875 25 OEX 605/610@0.60 =>1500 25 OEX 575/570@0.50 =>1250 15 OEX 595/605@0.50 =>750 15 RUT 780/790@1.00 =>1500 15 RUT...

My technique is based on 1 month (20) trading days. Since november, my calculated strike has never got touched. I am not a big talking guy, I try to define a process and stick to it until it fails. So far, so good. 3k, 4k a month is good for me; not to greedy.

I don't know when CNBC is going to rally the Market again. These guys are sick. Whenevr they want to rally the market, they call a Fed member to come and say that interest rate hike is almost done. Do you remeber the one who came last june in Kudlow and say that We were at 9th ining. This...