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OK I'm convinced the market is bipolar: http://finance.yahoo.com/q/bc?s=%5EGSPC&t=1d Did anyone hear the government got involved today and halted trading today? Plunge Protection Team in action ??

I've been doing pretty well knock on wood. Short positions are at 1205 and 1320.

Not to deviate from the main topic of this thread but --- Didn't Mr. Kiyosaki himself give a warning about Real Estate sometime last year?? Rising interest rates, loose loan standards (no doc loans, etc), ARM & Interest Only payments rising, federal reserve continuing to raise the prime rate...

Here ya go: http://finance.yahoo.com/q/hp?s=%5EGSPC Rookie Rich

ALL - Thought I'd share with each of you my June 2006 positions: 1320/1330 Bearish Call Spread @ $0.50 1195/1205 Bullish Put Spread @ $0.80 12.3% Return if options expire worthless and I don't get raped by any bearish SPX action :D Rookie Rich

Coach, we are in the same boat with this spread except mine is a 1245/1255. I tried getting out yesterday to no avail. Lets hope for a side-ways to slightly positive SET today! :) Rookie Rich

I decided to try start closing out my positions early in hopes to enter some June spreads earlier. With the huge drop the last two days, on Friday 5-12 I closed my Call Spread for $0.05. I have a limit order on the Put Spread for $0.05 but I'm not holding my breath on this one and may need...

Cache, thanks for your response. I understand what you mean regarding once the P&L line starts going down how with a 30 point spread it would take a bigger move ITM to get to max loss as compared to a 5 or 10 pointer. However, I'm just not comfortable doing 30 point spreads because the margin...

Do 30 point spreads generate a greater % return than a 5 or 10 point spread? Also I think you mean a credit of $1.10. Rookie Rich

I think they are going with #1. However, you never know so I need to be careful with my May IC: 1245/1255/1350/1360 Rookie Rich

Same here - desktop version at work = NOGO so me and my trading buddy at work don't use it. Rookie Rich

I'm using 13 months to calc. I also use www.stockta.com for some technical analysis. Rookie Rich

Tuesday May 10, 2006 http://www.federalreserve.gov/fomc/#calendars

I do -- My plan is to not get any closer than 7 points OTM from the short strikes and roll. Some details: once SPX gets near or hits 10 points out from either of my short strikes, I'll look at rolling into a new position after checking technical analysis, overall market, etc. If it looks like...

Hi everyone, got filled with the following today: MAY SPX BTO 1360 Call STO 1350 Call Credit = $0.65 BTO 1245 Put STO 1255 Put Credit = $0.55 Total Credit = $1.20 If all goes well, a 12% return per contract @ $1,000 (not counting commissions). Good luck with your trades...

Thanks for the question rdemyan. On Monday 3/20 just after March options expired, I tried to get in on a full Iron Condor via OX but didn't get filled. So I decided to leg in. On Tuesday March 21, got filled on the PUT side -- then Wednesday March 22, got filled on the CALL side. A friend of...

Hi everyone, I wanted to share my first month of trades. All options expired worthless today so it’s a great way to start off. However, I’m still trying to be prepared for that one month where I may have to make an adjustment…unless I go the way of "the coach" with super deep OTM spreads...

First I'd like to say thanks to Phil and everyone for a truly amazing forum. I'm glad I ran across this forum it's been an amazing learning experience. I finally did my first trade and got filled today at $0.60 credit on 1240/1250 bullish put spread April 2006 options. I'm looking to leg...