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^SET is 1,300.26

With the SPX rising up above 1290 my rules call for me to close out my 1300/1310 Bearish Call Spread. The marketmakers were tough and I had to debit out for the ask before getting a fill. Updated original August Positions: 1300/1310 Bearish Call Spread for $1.00 1155/1165 Bullish Put...

Yes I saw that amazing plunge, snap-up then quickly down. I didn't think SPX could move that quickly!! What I've been reading prior to today is overall a bearish response regardless of what the Fed did-- if the FED didn't do a crank (like today), that people would interpret this as a weak...

FOMC holds rates at 5.25% I guess we don't have that bad of inflation :D

Newbie question :D I have a 1300/1310 bear call spread and am also getting close to my rule that says I need to exit out. Is there a difference between "rolling" into a new farther OTM bearish call spread, --OR-- exiting the position as one trade and opening a 2nd position as another...

Ya no kidding Coach..I was starting to wonder. 12 year high GDP and 11 year high manufacturing key price index and we get no crank on 8/8?? Hello Mcfly!!!?!? Makes me feel a little bit better I was wondering if I was going to have to bail out of my 1300/1310 bearish call spread.

I also have an August 1300/1310 bear call. My trading rules this early call for getting out at 10 points at 1290...after this I'd reassess what new positions I'd do if any. Currently showing the following resistances on SPX (http://www.stockta.com/cgi-bin/analysis.pl?symb=$SPX): resist...

Cache & Richard, thanks for your responses/inputs. Hopefully the no 25 bp crank is built in and the SPX won't go too crazy after 8/8.

Question for the group -- I've got an Iron Condor with 1265 and 1300 short strikes...obviously the 1300 short strike is starting to make me nervous with some technical indicators showing bullish, however the market stopped at the 20-day ma and there are the following resistance points...

rydeman, Is the main reason you are with TOS is due to better fills?? If it's straight-forward like OX which I currently use, I may be interested to switch.

Apex82 - thanks...well I'm supposed to go on a business trip in August does this count? :D Thanks for the hedge suggestions..I'll take a look at some of those.

I have the 1300/1310 bearish call spreads...for some reason my finger keeps slipping to the 2 instead of 1 key LOL Yes I got $1.00 late last week...and yes I agree sometimes the moneymakers just wont let us get what we want! :)

Got into an 1155/1165 Bullish Put Spread today for $0.90. Here's my updated August Positions: 1300/1320 Bearish Call Spread for $1.00 1155/1165 Bullish Pub Spread for $0.90 Total Credit = $1.90 Hopefully things won't go too insane in the middle east and support levels 1220, 1200, and...

rydeman, I think given the current market and Heather's previous comment "the bear goes out the window" trading only bearish call spreads makes sense. I figure I have just over another week to consider putting any put positions so I'm in no rush. Regarding your formula if it is correct or...

rdemyan thanks for the question. I forgot to mention my 1300/1310 position is an August expiration. The way I selected it was took 2 sigma (standard deviations) of closing data and this number is 70. So I added this to the last number I saw traded ~1236 which would be 1306. Since the...

After being out of the market for July, on 7/14 started the following bearish call spread on the SPX: 1300/1310 for $1.00 credit The pickup in VIX really helped with the premiums. I was looking at some bullish put spreads but the volume seemed to be pretty small for the strikes I was...

#1 - I'm sitting and waiting for the Fed Announcement. There seems to be some debate out there if they'll do a 25 or 50 basis point crank end of the month. #2 - good job I got 7% return on mine after closing out my bullish put spreads. I would have had 12% if I didn't hit my 15 point from...

OK I decided to update the spreadsheet so here's the latest SPX SET vs Actual Close spreadsheet updated with the June 2006 close. Many thanks to the original creator of this spreadsheet! :D

Whew on the late day SPX rally (currently 1229) just closed out my 1195/1205 Bullish Put Spreads for $0.50 cents. My 1320/1330 call spreads will expire worthless. Iron Condor: 1195/1205 Put Spread = $0.80 1320/1330 Call Spread = $0.50 $1.30 = Total Credit Less $0.50 $0.80 = profit per...

SPX touched 1220 earlier -- what I understand to be a major support area. I thought I saw it once go just a hair under, now its back up at 1224.07 12:31pm PST. Lets hope it stays here or a little higher tomorrow....:D