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I can't seem to get SPX weekly quotes. I tried on CBOE website, but when I put the symbol root, JXA, I just get the chain for the SPX regular contract. Can't get them on IB either. Any other places I could get SPX weekly quotes?? Thanks.

Today, I bought some SPY hedges. I bought 2 118/116 Bear Put Spread for a totaly of $0.90. I've gotten $5.35 in credits this month, so I didn't mind spending $0.90 for financing a potential roll of my 1160/1150 spread. From looking at the VIX, closing at 14.25, markets still look a...

Thanks so much for the explanation. I will definately be looking into it, if we go lower.

Still a little confused about the butterfly hedge. Current IC on SPX is 1160/1240. I feel that I might have to adjust by put side. To roll down from 1160/1150 put spread to a 1150/1140, it would cost me $2.20. Assuming that it would maybe cost a little bit more or around that price when the...

Yeah I know that. I'm trying to do deep OTM credit spreads and at the same time try to buy MNX hedges. Can't find any good ones though. I'm trying to go above 1630 on call sides and below 1475 on put side. If I get decent premiums on those, I'm thinking of buying appropriate $MNX hedges. Not...

When went to CBOE.com website to see how the settlement of NDX options work, I got the followng: Settlement of Option Exercise: "The exercise-settlement value, NDS, is calculated using the opening price, as determined by the Nasdaq Stock Market..." What does NDS mean? Thanks.

I also opened a 1240/1250 Call Spread for $0.55 today. I now have a IC for SPX(1160/1240): 1160/1150: $1.20 1240/1250: $0.55 TOTAL CREDIT: $1.75 Also have IC on MNX 150/167.50 IC: $0.65/contract and DIA IC: 102/110: $0.40/contract Also opend a Bear Call Spread on TLT(iShares...

I guess buying a bear put spread above your short strike of your IC would make more sense. When you say 120/116/112 FLY, are you saying Sell 1 120 Put Buy 2 116 Put Sell 1 112 Put or buying the wings and selling 2 of the body?

Coach, Going back to the SPY hedges. Suppose I had a 1160/1150 Put Spread and received a credit of $1.20. With SPX at 1,179.59, let's say I felt the market was going a little lower. And let's say I buy a 116/115 Bear Put Spread, for $0.30. But you said that if there is not that...

Ok. Thanks for your help.

Coach, Thanks for your response. I would also like to take the time to thank you for starting this thread. You have really helped me a lot in my endeavor to learn about options and the different strategies, both in this forum as well as the one that you started in Yahoo. I had always thought...

Hi Coach, For the month I actually broke even before commissions. But, that was because I was not only doing IC's on SPX but on others too, like DIA, SPY, MNX as well as OEX. I was loosing on adjusting the DIA and SPY positions, so I just closed the whole spread and opened two SPX trades...

According to Yahoo Finance, SPX closed at 1177.80. Since the SET value was at 1183.79, someone who was short 1180 call, would have been assigned? Is a difference of 6 points between the SET and the closing price normal for the SPX?? Daytrader85

Hi Coach Phil, I finally got a hold of your book. To my surprise, I actually found it in my college (UIC) library. I was reading the first part of the book and you said how to find which options were cheap and expensive by looking at current IV's and comparing them that particular stock...

I went to the link. It looks interesting. But I have a question. How do you set up a butterfly with middle strikes $3 apart? I like how the profit zone is a lot wider in this type of trade. I know $2 strike difference is equaivalent to an IC. Ex.: Buy 33 Put Sell 34 Put Sell 36 Call...

I could take between 1160 & 1230! :) Daytrader85

That's right. That is exactly what I did with all my spreads unfortuntely this month. One of them being on my MNX spread. My original position: Bull Put Spread Portion of Iron Condor Only Short MNX Oct 152.50 Put Long MNX Oct 150.00 Put (152.50 / 150 Bull Put Spread) Now to roll...

Me too. I have a 1165 / 1230 IC, and 1150 / 1160 Put Spread. Got $2.35 credit in total for the spreads.

Is there any way you could share on how you trade or what you use to trade ES? Thanks. Daytrader85

I totally agree with you. I have been thinking about doing the same thing for past few days. But I haven't seen any good premiums for those strikes (e.g. 1280-1300)