Search results

I certainly appreciate all this info. Cannot absorb it yet. I did get that I should be trading XEO options instead of OEX. As far as SPX options I dunno? I've got other things going on in my life. Mostly construction going on. So the hours I spend are usually at night trying to...

Thanks for the input. I'm still trying to understand the nuances of the ES futures and ES options? Can't even paper trade yet, as I do not know the technical jargon involved, the way they work and so forth. I got from Cache Landing that futures are directional plays and the ES options...

Jerkstore Thank you for the comeback and information. I just printed it out, as I am unclear of what you are talking about. Don't have enough background yet. I did not understand at all the reference to e mini options expiring int emini futures and CME expires into big spu futures...

Suntrader Thankyou for the comeback. I at least cleared up that 1 contract is not the same as a 100 multiplier as in options contracts. What is the value of the contract then? $1? In looking at my option brokers I can see I would need a Futures broker, do you recommend one...

Thanks for the mentoring. I started looking at the E mini yesterday and put quite a few hours around the internet looking for information. ES which is the futures, I believe? At any rate, as far as I can see I cannot trade that as a future using thinkorswim, or option house brokerage...

Took the time to go through all 10 pages of threads. I recognize some of the signatures. I've been trading credit spreads in a learning mode for 4 months and disappointed with the results. Projecting out, even if trades were 100% successful I can see I'm not going to make my annual...

Most of the indexes track the OEX. The charts look the same. For a MONTHLY BAR the OEX covers on average 30 pts. The weekly bar does around 10 pts. This can be one directional, or back and forth. Most trends every six weeks or less, run about 20 OEX pts. Essentially you are trying...

From the OEX weekly trader I've spent about 4 months learning the nuances of credit speads. I'm disappointed in the result. I'm down about $6000. Fortunately this is paper money on Thinkorswim. Only one actual loss in the credit spreads in around 13 weeks. But what I've learned in CREDIT...

I've spent about 4 months learning the nuances of credit speads. I'm disappointed in the result. I'm down about $6000. Fortunately this is paper money on Thinkorswim. Only one actual loss in the credit spreads in around 13 weeks. But what I've learned in CREDIT SPREADS, you cannot even take...

A number of people tell me I should learn GREEKS, so this week I'm studying the greeks. I ran across several blurbs that say do GAMMA trading. Another says weeklies are pure gamma plays. ANYBODY CARE TO EXPLAIN? ********************************** That said; I ran across a site that...

I've been on the SPX credit spread trader forum of Phil's. A number of people tell me I should learn GREEKS, so this week I'm studying the greeks. I ran across several blurbs that say do GAMMA trading. Another says weeklies are pure gamma plays. ANYBODY CARE TO EXPLAIN...

I have Diagonal Spreads of things to learn and experiment with. Haven't quite got credit spreads down to where I'm comfortable yet and as I'm losing money, anything I spout on here you take with a grain of salt. I have been working on weekly and now monthly and for both of them it is best...

A nice Sunday morning. The sun is up above the ridge of Green Parrot Valley and the day is cool and looking to be nice FALL weather. Summing up here ( summing up here is a catharsis for me, sort of clarifying what I've learned from 4 months messing with credit spreads ). It may be useful...

Got my ink in the printer and have printed out both OEX and NDX. From looking at it, they are the same chart, except they have different numbers on the side, expressing different ways of showing percentage gain. You could probably trade either one off the other signals? Did some...

Stanford Your comment - What I mean is if you were going to make 1.20 on the spread, when it gets to the point where you would lose 1.80, get out. that will be a long way from the first strike point, with a big margin for safety. I was reading about another trader who trades the RUT...

That is a good flurry of an exchange of opinions. At 2 a.m. in the morning with some great music playing, I laughed my head off! Loved the bit from Cache Landing. Don't have a clue about E-minis, much less credit spreads. Option Coach with his .10 cents stuff, more or less said what...

I haven't figured out how to do a stop/loss spread order yet? Let alone calculate the 150% and see why and how you are picking that? ******************* Still an hour and a half to go this Friday, but does look like my spread will make + net $390 this...

Well it is Friday morning and I'm watching my OEX weekly spread I put on yesterday for .10 cents. There are three possibilities I think? Either the market will go sideways and I will win late this afternoon. Or the market will go down and I will win this afternoon. Or the market will go up...

NDX vs OEX and monthly vs weekly Stanford It's evening and just got on the computer to see what happened the last 3 hours of the day. I'm still okay with a 10 point OEX cushion on the upside for tomorrow. I have on the 510/515 CALLS and the OEX is around 501. This is the THURSDAY to...

Thankyou Phil "European just refers to the ability to exercise. You can still trade them in and out all the way up to expiration." I had totally misunderstood the European versus American requirements apparently? Thanks for clearing that point up and to Mike as well. Haven't looked...