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I sold the 1300/1310 Dec call spread yesterday. I like the flat action of the last 2 days but still a lot of time to expiration. I was hoping for a little market optimism on Monday to take a good profit on my 1195/1205 put spread but I am holding onto that one for now and letting time decay...

I'm tempted to get into the 1310/1320 call spread for about .50 (don't want to go less than that). With little trading and volume expected on Friday that gives us 4 days of time decay until trading resumes on Monday. The strength of the move up has kept me from pulling the trigger though. ryan

Personally I thought the recent high of 1245 (July) would be tough to break through but the market shrugged it off like a little flea. With the optimism in the market right now the next stop will be the moon! ryan

Tried to use OX live help to goose a trade today. The mid of the b/a was .10 above my limit so I thought if I had them call the floor I would have a good chance of getting filled. I was told that you sell at the bid and buy at the ask and my limit was too far from the bid and wouldn't be...

I think I am going to skip the call spreads this month. Since we broke 1245 it is hard to see where this trend might run into a head wind. I have a put spread at 1195/1205 that I am looking for a quick, small profit this week and then get out. I waited until expiration last week before...

I've been meaning to check out the XEO for credit spreads. I think after today's SET on the SPX I will be looking things over very closely this weekend and maybe start going the XEO route to minimize surprises. Any things I should watch out for in the XEO? I tend to get out of the SPX before...

The SET today keeps making me shake my head. From Thursday open to the SET today, you are looking at a roughly 24 hour time frame ad nincrease of roughly 22 points. Enough to make your head spin! ryan

My Optionsxpress account has a $19.95 per leg minium for the spreads. If you do several spreads of 20 contracts (i.e. 10 long puts and 10 short puts) the cost is $19.95. If you do more on one order it is $1.25 per contract. What I'm getting at is that you can save some commissions doing it...

I wouldn't buy it back either (especially after the rally this afternoon). I was just commenting on the good drop in price to buy it back in a short time. ryan

I got spooked at the beginning of the month and took a good sized loss on the calls. I hesitated to roll up at the time, waited a few days and then opened call spreads again. I only rolled my puts up one time, guess I should have done it again to help make some more money in Nov but hindsight...

It's very quiet in here today, is everybody sweating out their November short call positions :D ? I got out this morning, lost $40 for the month when commissions are figured in. I am proud of my risk management though. I got too nervous about the market taking off and wanted to make sure I...

Looks like you can buy back this spread for .10 this afternoon, a good play at expiration! I was thinking about your Dec 1225 put for protection. I'm not sure it really offers protection given that the SPX is European settled. Let's say the market tanked right before expiration and the SET...

If the trade works out that is a 3.3% gain on margin for a 3 day trade. Not too shabby! I like to get at least that much when I put my positions on with 30 days or less to go. ryan

Trading on the SPX does end on Thursday but the final settlement value is determined by the open of each of the 500 stocks on Friday morning. See www.cboe.com/Products/indexopts/spx_spec.aspx and http://www.cboe.com/data/Settlement.aspx for more information on SPX settlement. LOL...

A move down would be preferable to a move up! As I write this, your short call is 15pts OTM. There is still today's second half to play, along with tomorrow and the wonderful SET Friday morning. IV has increased and delta has dropped for the 1245 calls. The mid of the b/a is .15, are you...

I've been watching the IV on the Nov 1245 calls. It went from 8.5 on Friday to 11.5 yesterday to 12.3 today (give or take a little). That was a big move from Friday to Monday given that the market hasn't moved all that much the last few days. I had attributed it to the PPI numbers coming out...

:D I get it now lol! :D ryan

Ok, I've been scratching my head trying to figure this comment out, what does this mean? ryan

That is a very aggressive move with the 1245 strike only 10 points away from the market right now. Let's hope for some so-so to down PPI and retail numbers on Tuesday! I would have been reading/writing more on this board last night but my wife wouldn't let me out to play ;-> ryan

I wish, a 3 day weekend before expiration next week would be awesome for theta! ryan