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No put spreads but I am looking at a call diagonal (a la Murray) for Jun/Jul. I watched Dan Sheridan's video last night about adjustments to the upside of a diagonal so I am feeling a little more confident about putting them on. I really like the way Murray does them with little to no loss in...

I would close both. Why carry so much risk for a nickel or a dime?

I think that is a May play, you are looking at being short 1270 for June right?

But you still aren't purchasing anything, you are getting cash. Usually cash advances are a fraction of your credit limit and I'm not sure I've seen a 0% interest offer on a cash advance (but I've never really looked).

How is that different than a cash advance?

From the IRS web site: Section 1256 Contract is Any: Regulated futures contract, Foreign currency contract as defined in chapter 4 under Section 1256 Contracts Marked to Market, Nonequity option, Dealer equity option, or Dealer securities futures contract...

I tried to grab some June put spreads on the dip at .05 off the mid, I was being too aggressive for the MMs. I tried the 1190/1200 and the 1190/1200 with no luck. The market has come back up now so these opportunities are gone for me.

Me too, the 1350/1360 call spread mid is at $1. I've been out most of the day so I think I will pass, need to do some homework before opening a new position. Edit: that spread sank like a stone right after my original post.

Not many people are talking about new put spreads today with the drop. I think we are all being pretty cautious with these 2 days of double digit declines.

If we get where? We are at the bottom of the channel per your chart.

Great trade!

It is the settlement price for the index when it expires. Check out http://www.cboe.com/Products/indexopts/spx_spec.aspx for more info.

That is a great fill! I was driving around the city from 11:30 until almost 4:00 so I missed out on all the action too :mad:

I'm sitting tight until tomorrow's Fed announcement. I do have a small 1380/1390 bear call spread (got in for .60 credit) right now but don't want to push my luck any more. The mid on the 1385/1400 is currently .65 so you are looking at maybe .55 on the fill. There continues to be an upward...

Rallymode, We are hitting the top of the current channel but we are 6 weeks out from June expiration, too early for one of your close to the money spreads isn't it?

I agree, TOS web version isn't very good at all.

All you need to know is thinkorswim.

Sailing, What did you do with your April diagonal? Did you close it or roll the shorts into May?

Ahhhh, now that is a good question.