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  1. R

    SPX Credit Spread Trader

    Trying to figure it out... in the last 8 yrs feb set has been lower 4 times (than Jan) and higher 3 times. When it has been higher...its not by much..except 99 (+25) and 05 (+25) If this Jan is 1300 then it would represent a gain of 2 % from Dec set close (1274) add another (generous) 3% gain...
  2. R

    I HATE the new CNBC!

    I'm not a newby but a long time CNBC viewer...HATE it now and am not watching it...bloombergs is too busy for me...wish the cnn/fn show was on now so there would be an alternative....I know they check the ratings and if we all (who were watching) turn it off they may get the picture.
  3. R

    SPX Credit Spread Trader

    Not selling into the teeth of this rally, still holding Feb1350 calls long.Jan shorts ok..better things to do today than churn the acc:)
  4. R

    SPX Credit Spread Trader

    :D :D... not watching any of the games?
  5. R

    Exponential growth

    I might re-phrase that to say "a smart woman learns from her mistakes. A wise woman learns from the SUCCESS of others. :) When I see success I try to dissect and analyze how that success is achieved and if it can fit into my mode/mentality. To be honest I don't really learn from other...
  6. R

    SPX Credit Spread Trader

    you wanted a little excitment in your life...didn't you:D
  7. R

    stradles vs. strangles

    I'm beginning to see what you mean. I have been selling the strangle's against stock I own thinking it saves comish (having to buy back stock and re-sell stock/straddle) but as I have been watching the trades and looking at the factors you mention I can see where the straddle IS superior RR...
  8. R

    SPX Credit Spread Trader

    good points both you and zman...even thou consumer may be tapped out, rates are still pretty low...the full effect of the fed hikes haven't been felt and consumers seem to find a way to spend...some folks seem to think the year will start strong then peter out...could be. I think if I do a call...
  9. R

    SPX Credit Spread Trader

    Now... I looked at that chart and like a picture that is hanging out of balance the upper line looked not quite parallel to the lower line...therefore a) its not a true channel or b) we will get higher ...like around 1300 to form a more parallel line... I guess thats why I'm not good at...
  10. R

    SPX Credit Spread Trader

    Prob of touching is 53.5 and prob of exp is 27.5 (jan 1300 calls) so hopefully this coming week there will be a pull back...its a battleground right now between theta and the gods...the more I think about it.... the more I think the positive move has been over done. The negative('s...
  11. R

    SPX Credit Spread Trader

    I've freed up some BP which won't be available until mon...looking at the Feb 1345 call to short for a bear call spread....thinking we are toppy and next week could be a soft retracement (or not :) ... ...it will be worth it only if I can get at least a .50 or .55 credit...I should probably just...
  12. R

    Calendar Spreads

    thx tho my overall return was only abt 9.2% not quite enough to cover what we spent :D hopefully '06 will be GREAT! with all the new knowledge. I think my play is probably early on WFMI as there may be some uptick with the div going ex on the 13th. For me its a fundamental story of a stock...
  13. R

    WFMI - Whole Foods

    check out calendar journal...what do you think?
  14. R

    Calendar Spreads

    how is this trade going for you now? with WMT reporting not so hot sales? any update? thx dj
  15. R

    Calendar Spreads

    bringing this thread back up....was filled on WFMI 72.5 calendar (today)put spread Feb/May for debt of 2.45 (had to pay .05 to MM). I'm obviously happy didn't get filled last month due to the one time dividend pmt and the split...very interesting chat at tos las week on WFMI and why there is no...
  16. R

    SPX Credit Spread Trader

    There is quite of bit of interest in Feb 1350...fwiw I got filled on the calls.... .60 (this afternoon)decided that even though lightning doesn't strike twice :D I want to wait until my BP clears to enter spreads...not sure if I will do a call spread or just play with this option...
  17. R

    SPX Credit Spread Trader

    I'll be holding my breath for you Murray...1300 does seem like a psychological barrier..... but is only 32pts away. :eek: ..
  18. R

    SPX Credit Spread Trader

    Murray...I posted this on the strategy trading forum...it might get more responses...I'm interested in it would like to get feedback..
  19. R

    VectorVest

    Are there any VectorVest users?...comments? tia
  20. R

    SPX Credit Spread Trader

    I knew what you meant!:p
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