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Premium really got sucked of the market today. The mid on the put spread I am trying to get filled has actually dropped with the market going down. ryan

For the past 2 days I've been sitting out Jan involuntarily. Damn MMs won't take my order at .10 off the mid. I called the trading desk and they were less than helpful. ryan

I am a firm believer in the KISS system as it suits my limited brain power. ryan

I use several criteria to select a strike to be short at. I generally like to look at support/resistance areas, trend lines, +/- 6% of current SPX level and delta of 10-12 and see what the premiums are like at those various strikes and then make my decision from there. Now I will also add the...

Funny thing, the 66 points hits about where my other criteria are pointing me. Probably a bad sign, need to drop my short put strike another 5-10 :D

To revisit a recent topic: The ATM straddle for Jan is about 33. So does this mean the MMs are expecting the SPX to be between about 1240 and 1305 at Jan expiration? I am looking for Jan positions and this information on the ATM straddle is new to me and I'm trying to see how best to use...

S&P 500 futures are up pretty good (5.50) with 30 minutes to go to the opening bell. This would make me think the SET today will be up a pretty good amount but we will see. ryan

I am looking at the 1195/1205 bull put spread for Jan. With the upward momentum of the market is anybody tempted to go up to 1220 or higher? ryan

I mistyped. That's what I get for stressing out, talking on the phone and typing post all at the same time. Again, sorry for the confusion. ryan

OOPS! It has been a stressful day here at work, got my days messed up. Sorry for the confusion. Dec options stop trading at 4:15 on Thursday, not today. Back to the grindstone. ryan

Trading on Dec options ends at 4:15 today, you can't get out tomorrow. ryan

I'm a little wary of the FOMC meeting tomorrow (to the upside that is) so here is what I did: Had a 1300/1310 call spread I put on a few weeks ago. I bought back the 1300 call for .10 today (I usually look to close out my spreads for .05-.10 anyway) leaving myself with a "mini-lottery...

Looks like you will have to rewrite your trading plan! You can call it the George Costanza trading plan, whatever you think is the right play, do the opposite and success is sure to follow! ryan

I'm trying to close my Dec 1300/1310 call spread for .05, that is the mid so I probably won't get filled today but I placed it to see if I might get lucky. I have a Dec 1195/1205 put spread that is just a little profitable but I'm holding it for now to squeeze some more out of it as I don't...

Sometimes I find that I look too hard to complete an IC after I put on one credit spread. The tempting part about the IC is that once you put on your initial position, you can put on the other side for "free" (i.e. no additional margin but you get a credit). The thing to keep in mind is that...

I haven't rolled anything yet, just letting time decay work in my favor for my positions. ryan

13 days to expiration with the weekend eating into that nicely. I am 35 points OTM on the call side and 60 points OTM on the put side. A little more pull to the down side would be nice but I will take flat for now. ryan

AAAAHHHHH it's Thursday today! Wow, I'm really off this week. ryan

Coach, Are you on today at 12:30? Were you on last week? ryan

Just ran a quick check on OX using the 1220 Dec puts. If you sell 10 contracts naked, the margin required is $283,435 and your credit would be $2,300. ryan