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    SPX Credit Spread Trader

    hey mark, I just figured it out. I think the option quotes were just stale. my quotes are from ox, but after looking further there is no open interest in these contracts. If I bid the 4.3 for the jan 35 put, there will be no sellers. thanks. newbie
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    SPX Credit Spread Trader

    hey coach and others, please forgive the ot question. I am looking at a stock currently trading bid 29.64 ask 29.68 jan 35 puts bid 3.4 ask 4.3 why couldn't I just buy 100 shares $2968 buy 1 jan 35 put $430 total debit -- $3398 excercise the jan put for...
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    SPX Credit Spread Trader

    spx ~ 1369 vix 11 nov 1340 calls ~39.3 mid (about $10 premium) nov 1400 puts ~31.5 mid (hardly any premium) hmmmmmmmmmmmm. man those puts seem cheap. any thoughts? newbie463
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    SPX Credit Spread Trader

    hey coach, what do you think of the possibility of a short covering rally? Any opinions on how far it will extend if it occurs? hey tplast, what is the ISEE? "I removed 1/3 of my hedge at 1329.25 to get some negative deltas, but didn't add to the call credit spreads. I'm not...
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    SPX Credit Spread Trader

    Well Murray -- add me to the list. I officially entered my first put diagonal on 9/14 near the open. I had been watching your positions, entries, processes, potentials, and returns for a couple of months. Initially, I was hesitant. I didn't have a full grasp of the concept of volty...
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    SPX Credit Spread Trader

    Coach and others, I use OX. I am relatively satisfied, although I would like the best possible commission structure. I trade greater than 100 contracts per month. I plan to call OX and try to negotiate a better rate. I usually use at least 10 lots, but for the times I swing trade 5 or fewer...
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    SPX Credit Spread Trader

    Piccon, Is the RUT cash settled and european like the spx. I am thinking I may paper trade it for a few months. thanks in advance. your ta and market predictions are helpful. newbie
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    SPX Credit Spread Trader

    hey coach, when would you think about selling the puts you have as a partial hedge?
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    SPX Credit Spread Trader

    I feel your pain. i sold the 1215-1230 for 0.85 when spx was 1295. now 40-50pts lower, i was able to make some moves. I bought back 1/2 the 30's @9.3 ~1262 I sold 1/2 15's @ 8.4 ~ 1255 I went long on a batch of 1160's @4 ~1251 I sold the other 1/2 of the 15's @10 ~1250 Now I...
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    SPX Credit Spread Trader

    b/a spreads did seem difficult to manage today. I was interested in the May 1210-1225 put spread for (~0.2-1.4) I finally gave up and legged in bto may 1210 @2.4 spx ~ 1298 sto may 1225 @3.2 spx ~ 1297 I dont usually leg in but it worked well today. hey coach, sure would be...
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    SPX Credit Spread Trader

    hmmmmmmmmmm sell 100 1220-1230 may put spreads at 0.3 (n/a-1.15) $3,000 buy 100 vix may call spreads 17.5-20 @ 0.15 (n/a-0.2) ************may 1st********black swan********** vix to 25 get intrinsic -30% (1.75-.15)*100 = $16,000 vix falls back to 15 spx bounces back...
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    SPX Credit Spread Trader

    Sorry guys and gals, I get to claim this one. I have the 1325/1330 calls and the 1250/1245 puts (MAR). I had been hanging in pretty well with the calls for the last 2 weeks, but I will be out of town some next week. I picked up the partial hedge around 1295 thinking this MIGHT be THE...
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    SPX Credit Spread Trader

    Coach, When choosing your strikes for credit spreads, do you ever give much thought to the typical volume of contracts traded at certain strikes. For example, if you want to sell put spreads in the 1225 area would you purposely try to sell the strike with the higher volume. It would...
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    SPX Credit Spread Trader

    hey doc -- please speak retail -- what is DPM FCM B/D JBO thanks newbie
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    SPX Credit Spread Trader

    attn skdoyle1: I am considering a job opportunity with more daytime flexibility. However, it will require moderate travel overnight 6-10 nights per month. about 2 weeks ago you mentioned wireless alerts. would you be so kind as to share your service provider, opinions, knowledge, etc...
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    SPX Credit Spread Trader

    agreed. I was looking into more otm put spreads for november. I would like to see 1100/1110 or 1100/1115. I guess it won't happen until oct exp or if spx trickles down to near 1140 imho. currently have 1125/1140 oct @0.7 and 0.65 spx @1210 and 1189 1125/1140 nov @...
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    SPX Credit Spread Trader

    attn skdoyle1: I am considering a job opportunity with more daytime flexibility. However, it will require moderate travel overnight 6-10 nights per month. about a week ago you mentioned wireless alerts. would you be so kind as to share your service provider, opinions, knowledge, etc...
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    SPX Credit Spread Trader

    ox fills for the 1125/1140 were pretty volatile near the close. i placed a 0.65 limit around 1p (et) it was almost filled twice with the b/a @ 0.6/1.2. near the end of the day 401p (et) i decided to shave a nickel. imagine my surprise when the mm gave me 0.7! i actually saw a b/a of .75/1.3...
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    SPX Credit Spread Trader

    i also use ox. i had 4/5 1260/1275 filled on 9/7. thanks for calling them on it. perhaps ill call too. newbie
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    SPX Credit Spread Trader

    hi coach, is the show archived? i missed it due to the day job. newbie
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