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Now what? Does anyone agree with me that we are sitting around twiddling our collective thumbs. No bull put spreads == not in a falling market. And bear call spreads? Am I crazy? I do FOTM, but 1340 and 1160 is abit wide even for me, and legging in is not a pleasant thought...

>I am now sitting with a loss of 5,520 with any expiration close above 669. Any help with this one? I've seen this same question several times over the past couple of weeks ==> the position went against me and now what do I do? Well, as Dan Sheridan sez to his students: "Don't put on a...

Thanks very much to Cache Landing and others for your ideas.

Liquidated my Jun 1290/1300 call, 1200/1175 put for a loss of 160 + commission. Yesterday after the market broke above 1285. This is my second position for Jun, so will wait on July. Here is the history of the trade: Sold a 1200/1175 put at 190 and the market went down. I was worried...

Jun sp (futures) sold 1200/1975 put spread for 185, 1290/1300 calls for 230.

>historical closing prices for spx options I cannot find option pricing on that link. Just the index itself.

Where can I get historical closing prices for spx options?

Rallymode, I have read some of your recent posts, and still not sure what you are proposing as the alternative to the FOTM credit spreads. Are you suggesting butterflies -- long wings and short body? or close in ATM spreads, etc. Could you give us some specifics of your trading plan. I am...

I just found an interesting difference between my futures SP trading and spx -- while the premium on a 10 lot on the spx is similar to the single lot on the sp, there is a major difference in commission. It costs me $120 round turn for an ic on the spx in optionsxpress, the sp only costs me...

Basic question: Based on the discussion in this group, I am looking at butterflies. What are your suggestions on legging into. In terms of margin, I need to take it as vertical spreads. e.g. I am researching the 1285/1305/1325 call, with short body. 1285/1305, and 1305/1325 spreads...

>Make a roll within 20 points of short and you may lose 4-5 months of credits. Sheridan suggests a one-time roll within 10 pts of the short, with 150% increase in position.

I had a Jun 1280/1250 SP bull put spread but liquidated it. 1360/1380 call spread. Was at break-even yesterday and down 250 ticks today. Just following my plan.

While I think the bottom has been reached, one sobering thought == do I really want to leave an unhedged position over the weekend.

Thanks for your response. I will have to take a better look at the butterfly after your ringing endorsement.

Thanks very much. While I have your attention, can someone explain the difference between a butterfly and ic, regards risk/reward. I saw some interesting posts on the subject. thanks

Novice trader here: What is SET?

Sorry, the position is 1280/1250 puts. Whew!

>1290 puts on SP for June? My original position was 1230/1260 and moved it up Tues to protect the call side when it was trading around 1326. Now I will get rid of the calls, and watch the put leg. I have been trading the Jun for two weeks now.

My current position: Jun SP 1360/1380 call 1290/1250 put Have an order to liquidate the call side at 80 since it provides no protection to the put side.

diagonals == Dan Sheridan has a webcast on it. Check out all of his broadcasts at cboe.com