Search results

Nice move. My 1305/1310 put debit spread is now in the money. Any ideas on how to lock in profit (convert to a lopsided fly)?

Coming close to the bottom of the channel. Will it bounce or breakdown? That's the question....

Rally, can you explain this in more detail?

I bought some SPY 131 puts yesterday for 0.40 and closed today for 0.75. Rolled the profits into the JUN 1305/1300. Main reason was because of the NAS/NDX breakdown through major support today. IMO this is really bad for the market. I believe SPX is going to follow soon, maybe after a weak...

Rally, I meant to ask if you are going short... I bought around -1000 deltas worth of JUN 1300/1305 put spreads for $1.80...

Aardvark, I bought a put spread.... the NDX breakdown was pretty bad and that usually leads the market...

Rally, are you gearing up for some short exposure?

Bought-to-open JUN 1305/1300 for $1.80 today.

Thanks, you're good....:) Is there an advantage to rolling just the shorts to get more premium instead of rolling the whole spread (besides saving on comish)?

5 point swing does not a Battle make...

Need to liven things up.... can someone post a picture of Bartiromo?

What a non-event so far....

Aardvark, can you give a ballpark example of this? Also, why have you strayed away from these (I'm guessing because ROM was low, maybe 3% or so)?

Coach, below is a viewpoint supporting your's. I have to wonder though, with Bush's popularity at an all time low, if he hasn't bullied Bernanke into being dovish... just to appease the market. At this stage of the business cycle, policymakers are likely to decide that moving a few steps too...

Anyone know how to get far month SPX options listed?

What was wrong with the credit?

Rally, Nice analysis, good logic :) You mentioned gap risk for your ES position. Since that's traded almost 24 hours, I don't see a gap risk. Even if you hold your ES position overnight and your stop is active (1335 I think you said) you should be safe, no?

Any predictions on the effect of Tue's announcement?

Rally, I think you'll have to adjust the May 1335 to June. What'll that look like? For the last pullback, your 20-pt debit spread worked pretty well,... I was going to join you this time around :)... Why have you switched to futures?

If you rolled for a credit (i.e. roll to a future month) then buying power would not be an issue, and you could roll to a new spread with a position size of 10. I don't see how you can do that with a two-step roll...