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Rally, The SPX is approaching the top part of the channel again, another up day tomorrow and we will be there. Are you looking at the possibility of a June call position (5 point spread) or is it too early for you?

Maybe I should have been grabbing calls on the run up! :p

Damn! Tried to snag some puts this morning but couldn't get filled before the jump back up. :mad:

I've never bought T-bills before, how do you do it using TOS?

I've been in and out of the office most of the day so I haven't had a chance until now to try. I'm throwing my line in the water now, will see if the MM's are biting. ryan

Never mind, I finally found it after much digging. ryan

I've been searching for it but haven't found it. Can you point me to it? tia ryan

After the post by Prevail this morning I played around with the models in TOS a little more (boy am I not getting any work done this morning). I think you may be onto something. The key, as it is with any strategy, is the management of the position. Using additional cash to make an adjustment...

Rally, What I think you are driving at is that your relatively close to the money spreads are less risky because you bring in more premium with less dollars at risk. If/when your position is threatened, you roll to a new position with more contracts (kind of a Martingale type of adjustment...

Ahh, the market makers are watching this thread I see, the mid just dropped to .15. :p ryan

I was trying to get filled when we were down about 6 this morning and it didn't happen, we are now taking another dip but not far enough to get back to where the premium was this morning. Tomorrow is another day :D Edit: the thing that bugs me is that the mid on my current 1210/1220...

I tried grabbing more put spreads today with the downdraft but couldn't get filled this morning. I was looking at 1215/1225 this morning at .45 but it dropped like a stone mid-morning. Premium has been dried up since then even up to 1245. Right now 1240/1250 mid is .60, 1235/1245 mid is...

There isn't anything wrong with OX. Their web based platform is much better than TOS. The huge difference is in the TOS trading platform you can download. You get live price updates (no refreshing and waiting, it changes automatically right on the screen as you watch it), it is much easier...

Just wanted to share my April results: 3/10 opened calls with 1345/1355 for .55 3/28 opened puts with 1245/1255 for .50 closed calls on 4/13 for .05 debit closed puts on 4/19 for .05 debit After commissions I had a net gain of 7.7%. Not a bad month at all. Currently I have a small...

TOS is showing volume of 124,016 for the May 1195 puts and 119,598 for the May 1225 puts. That's a lot of contracts! Huge volume on 1380 and 1400 calls too. ryan

It hasn't been posted yet. ryan

While awake last night at 3am with our 1 year old I started to wonder, why does it cost $1.25 per contract to trade options but only a flat ticket charge to trade stocks? Why can't we trade x number of contracts for a flat fee like stocks? ryan

I think it is V Trader Group, www.vtradergroup.com but I could be wrong. ryan

I totally agree with you Mav. To me, there is a mental difference between the OTM credit spread and OTM debit spread. With the credit spread if things go well you don't have to make any decision on where to take your profit (you start out with the max). With the debit spread you have to make...

The futures were up pretty good this morning but have been slowly dropping since the CPI came out. I wasn't able to get any fills on my call spreads yesterday so no sweating for me on the upside yet. :D ryan