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  1. H

    SPX Credit Spread Trader

    I dunno , Fear is a much more powerful emotion than greed. Panic selling is the thing I hate to see the most when I'm in a PUT spread. ----------------------------------------------------------------------------------- On the PUT side,there is a fear losing the capital and then there is a...
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    SPX Credit Spread Trader

    Coach Do you watch CNBC?. Do you keep track of fundamentals?.
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    SPX Credit Spread Trader

    Great going,coach. I admire the way you calmly put on a trade in the right time unlike me whos edgy and jumping the gun.I guess its like learning to drive.Once it becomes an unconcious habit, i can ride this all my life.:) So, you have 50% of your portfolio in ETFs and the remaining 50% you...
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    SPX Credit Spread Trader

    Guess you are right.
  5. H

    SPX Credit Spread Trader

    I bought some 123/122 debit spreads(15cents each) for hedging purpose.My position is 1215/1205 credit $1. Maybe i can sell them for $.50 when the IV is high.And buy them back when it is low.If i repeat this by the time SPX comes to around 1220, i would have probably offset most of the loss.
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    SPX Credit Spread Trader

    wow its comming down real hard.Guess the short term rally was a counter trend.
  7. H

    SPX Credit Spread Trader

    Hey thanks. this is a great site.:)
  8. H

    SPX Credit Spread Trader

    Coach I have been observing the S&P futures and S&P index.Also, from what i gathered from Cottle's book, here's my observation. This morning when the Futures were down, that means, MMs were short in them.That means they are long in stocks.That means traders are short. This is futures...
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    SPX Credit Spread Trader

    Coach I am looking into options on futures for SPX and RUT hedging. Any idea when OX will provide them?.can we get to see the quotes in any other sites?. thanks
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    SPX Credit Spread Trader

    Aardvark Better be safe than sorry. I am going FOTM and adding more SPY hedges. Li Ka Shing THanks for the info.really something to look over in the week end.
  11. H

    SPX Credit Spread Trader

    Does anybody know the market conditions that led to the 1987 crash?. I have this nagging feeling that things are heading that way.If SPX heads back to the 1295 Resistance and cant breakout, that might complete the dreaded Head and Shoulders pattern and we might have another crash. what do...
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    SPX Credit Spread Trader

    Is there any corelation between SPX futures and SPX index?. Is that how our coach daytrades the E-mini?.
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    SPX Credit Spread Trader

    Coach I am reading cottle's hidden reality. Most of it is going over my head but i am getting greater insights into MMs perspective. Now, i know where you get some of your lines like, "i tried to be cute". :)
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    SPX Credit Spread Trader

    Market is not doing much. are we back to normal or is market waiting for some important news?. Maybe because my brain got used to so much action, that today seems dull.
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    SPX Credit Spread Trader

    IWM is for RUT like SPY is for SPX, right?. :(
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    SPX Credit Spread Trader

    cashe thanks.I will grope around OX to find something similar.I dont know if i can check out the software in TOS without opening an account...
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    SPX Credit Spread Trader

    Cache I use OX and IB for charting and trading respectively.I have no idea about TOS. If its not too much trouble, i would like to hear more about it.thanks
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    SPX Credit Spread Trader

    Cashe landing ----------------------------------------------------------------------------------- Last night my analysis showed that I would need +10 points and -200 basis point drop in IV to get filled at 2.00 on the adjacent 1245/1255 bear put. That happened this morning...
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    SPX Credit Spread Trader

    My positions: 20 SPX 1205/1215 Bull Put-- Credit $1.0 20 RUT 650/660 Bull Put-- Credit $0.95 Thinking of completing the IC with the below. 20 SPX 1330/1340 Bear Call-- Credit $0.70 20 RUT 780/790 Bear Call--Credit $0.70
  20. H

    SPX Credit Spread Trader

    yes coach i love this game and i will get better and better... by the way, would you please give me your opinion on my post.thanks
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