Search results

Thought I might chime in with something no one has mentioned. "Reward" management. Its very much a part of "Risk" management. IOW you do NOT have to "set it and forget it"...I don't believe there is any rule that says you can not improve on your position. While there are some months that I...

Andy while I'm sure they are correct it could also be that ppl have to set their call side closer to strike to begin with as the premium is not as rich...risk/reward

Down 30pts in 2 days:eek: Hopefully its washed out and next week will be ho hum.....sold 2X puts at 1245 for 4.10 so now have a long put spread 1250/1245 for a credit. will look to open a credit spread in the 1225/1235 range next week. taking a nap now.

NICE going domestic...glad you got out alive:p

AND a smily face:p

above posted on the 10th...I did get filled on the 1250's for $2.60, my 1245's filled for $2.50 4am woke up trying to figure out how to play the trade.. I could sell 2X the 1250's for a nice looking 5 pt credit spread....then thought there was only a 10cent diff in price so why not sell 2X...

Nice trade...agree with Rally...

Laugh My Ass Off

Geez...just got home from a long day away from computer...news etc. I did call my sis and ask what the mkt was doing...when she told me.... I said woo hoo:p.. Soooo...my puts for June that I bought a couple of days ago were up 1.20...do I just take the profit and say "thank you god" or get...

Thats a really good question Andy....multitude of answers...if the long put or call is Wotm then you would get so little its probably not worth the mm's time....if you don't care about the BP or margin then you save some money on commish AND you have a better chance of hitting a mid price on a...

You know I don't reall look at ROM...i know ppl need to have a ballpark but I just want cold hard cash:p so if I have extra $$ I'm happy to use it up as margin esp since I can't get that return on the cash just sitting there. Like last month abt a week before exp I had some useless legs and...

Sure Andy...I don't start out with spreads that wide but for instance this month my initial put spread was 1215/1225. I closed that trade for a profit and a day or two later bought some 1225 (when the mkt started going up) the mkt kept going up so to get a decent credit I sold some 1250's. I...

I just figured out something pretty cool...I'm sure you guys already know...but since I bought those June puts I can now sell some May puts (don't need to sell the spread) The computer recognizes the diagonal.....so If we do get a big down day in the next couple of days I can sell some puts to...

well I missed all the non action...although spx seems to be having an identity crisis...I did get filled on my June 1250 puts so will be hoping to sell a 5 point and a 10 point spread sometime next week during the volitile exp week:p I'm thinking of keeping some of the 1250's as a ratio...

Truer words were never spoken:p been THERE (almost....actually nearby:D ) thx

Not coach but Rd you are exactly right...on those monster spreads you are only concerned with the short...I've done very wide spreads but well otm and haven't had to really even worry abt them

I put in an order for 1/2 my allotment at 1250 and 1/2 at 1245 the 1245's got filled first:p not sure if 1250 will fill. I'm thinking we are at the top of the range and down is sure to come...but I've been thinking that for the past two months and have been wrong so far:(

Its not too late to put on a put spread...take a look at your charts etc and perhaps after B's speech you can find a safe but profitable put spread? It certainly doesn't cost any more margin and its definitely a way to bring the spx down:p

BTO June 1245 Puts@2.50

Perhaps you can get your money back:D I and EVERYONE here would tell you IF you are a bullish directional trader very confident in your stock picking ability ALL you need to do is BUY the option (call) of your choice (short, mid or long term) and ride the wave. Options are VERY labor...