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If I may answer that...every class is good. Depending on your knowledge level the 1st options 101 can probably be skipped. "Beyond the basics"...excellent (and free) "position and portfolio management"...excellent and free. The daddy of them all the 3 day seminar in Chicago...beyond excellent...

Taking them separately. With the first the spread is 2.5 and I'm assuming you got at least $1 therefore your max loss is $1.5. With an IV of 58 you don't have a clue where it will end and those types of stocks and swing like crazy so I would at this point sit tight and be prepared to take the...

uh oh....

Hey Risk thanks for sharing...I'll be rooting for this trade. I have a 1600/1625/1675 pg Call B-fly on the NDX and have been thinking I'll roll the 1600 to have just a straight 1625/75 Bear CS. Seeing what tomorrow brings:) GL

ES vs SPX...if more brokers start offering options on ES and ES has tighter quotes and easier fills/liquidity and EOM...hummm I wonder if the CBOE will start giving "true" quote spreads to John Q Public and perhaps easier fills.

Thanks for bringing up that thread Mo. I had read it before but it didn't make much sense. (total newby at the time) I think my call situation now is a kinda backspread/christmas tree thingie...Long 150 Jul 1320's, short 50 1310's short 50 1295's and short 25 1285's:eek: as I said earlier I've...

The look on that cat...priceless..

oops...Hi Andy, not a paper trade. And yes I did have (rolled to July) June 1245 puts which after rolling have been agressively selling calls to finance the rolling down of the (now) July 1245puts. Today I did roll to July 1235. I'll update in a week or so my progress on the trade.

The problem with 1330 is you can't get anything for a spread at least for July. But to sell ES naked call 1330 or above might be a place to look.

I'm certainly NOT advocating this spread:eek: however last time we saw 1279 was June 6...so how recent would you go? It is interesting how often markets do go higher during "holiday" periods of low volume (pro players on holiday)...can't help but think we are or soon will be quite overbought...

Hey Ryan..its interesting with a low volume day I've gotten a couple of fills...finally got a good chance to roll down my 1245put to 1235....at least getting the target off my back:) also got filled on 1310/1320 calls...a little close to the money but with decent credit. .85. I guess with the...

Thanks (from both of us:p) It really has been unreal!

Do you think you might be able to find an arb opportunity? Its too far beyond my abilities but I know you are interested in dispersion.

I have yet to find a "comfortable" way to play the weekly's (SPX) When they first came out I tried a credit spread and while it went OK I did worry about getting out of it because of low volume. Last month decided a better way was directional debt spreads and won (fairly big) on one of them...

I guess I'm a little :confused: so you have a LONG Aug 1220 and a Short July 1240 put diag or is it a SHORT Aug 1220 and a LONG July 1240:confused:

Just remember when you do it for real use the XEO ...not the OEX because of early exercise risk in OEX. At least with short options.

I guess I'll have to disagree:) While I wasn't suprised that we went up (I'm long a lot of delta's:eek: ) I was a bit suprised by the size of the move. However the VIX has now dropped quite a bit so I'm guessing we won't see really big swings in the next week or two or perhaps even the rest of...

Very interesting post, I've read it a couple of times and you are asking the question we all ask ourselves. One comment on your choice of #2 however is that straight put/call and debt spreads, while defined risk are generally directional where if you are wrong you lose 100% of your bet. Is...

I guess only you and I are glued to the VIX:D I was away from news/computer for the fed but somewhat suprised to see the plummenting of the VIX when I got home. Looking at the spx and the Jul/Aug IV's my guess is we are going to see little volatility in the next couple of weeks and few if any...

While I certainly agree with coach...if I were in a different position I would also be fat and happy sitting on the sidelines:p HOWEVER I'm not.... so have been scalping on the call side. Most recently 2/27 BTO 1310's for .65 and this am STO 1/2 # of contracts at 1285 for 4.30..still drumming...