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    SPX Credit Spread Trader

    I bought back my 50 SPX 1355/1365 June Calls for .15. sold it when market was falling for 0.90 I also sold 20 SPX 1215/1205 June PUTS for $1. In both cases MMs were generous, too generous, if you ask me. I asked .25 for 1355/1365 and they gave me 0.15 and in other, i asked for $0.70...
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    SPX Credit Spread Trader

    Coach can you post when did you put on your MAY IC?. do you usually, put on the beginning of the month(time decay trade?) or use IV and direction of the index as well.
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    SPX Credit Spread Trader

    thanks Coach The ability to think rationally lessens when we are in a herd or crowd. I took the loss as part of the game and even evaluated what did i do or not do that led me to this loss. I think trading is one skill we all need to know in this global completition. so i am pretty sure...
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    SPX Credit Spread Trader

    Aardvark I am aware of my emotion HOPE and thats what i was trying to explain to Rallymode. I got an oppertunity on tuesday and wednesday to close it out at $1.80 but ...
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    SPX Credit Spread Trader

    Bear call on 4/24/2006 Bull Put on 5/12/2006
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    SPX Credit Spread Trader

    Coach and rallymode (and others...) Dust has settled down.my earlier reply was an emotional reaction.i think everyone will benefit(including me) if you discuss what would have been the best possible exit for my position. Its a great experience to have gone through and i would like to be...
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    SPX Credit Spread Trader

    Rallymode I think you have become more pessimistic than me about my loss. Let me resfresh some basics. Basically, there are 3 trends in the market-- Uptrend, Downtrend and sideways trend. The trick is identify the trend and use the appropriate strategy. In an uptrend, mere purchase of a...
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    SPX Credit Spread Trader

    Thanks guys. goin out to take my mind off trading. see you in june.
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    SPX Credit Spread Trader

    Coach and guys I had bad day today. Just wanted to share with you all.I had 50, 720/730 Bull Put on RUT for may and took in $0.60 per contract. I was waiting for the bounce and had 2 chances to close it out for $2.20 and once even for $1.80. But i lingered on in hope and closed out at the...
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    SPX Credit Spread Trader

    Can anyone tell me how this SET value is calculated. if we leave our position based the thursday close and SET value is more than that, do we stand to lose????. thanks
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    SPX Credit Spread Trader

    I was trying the below trades since monday but i never got a fill.I know some people who even got better fills. My broker is IB and this is the answer i got. We put on the following trades on monday and were never filled. SPX 1350/1360 call credit spread(0.50cents). RUT 790/800 call Credit...
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    SPX Credit Spread Trader

    hi guys hope you are all doing well.I just found out from my broker that SPX and RUT expired on march 16th, 4:15 pm. I thought it was today. do you guys know this?. Is it every 3rd thursday or friday?. thanks
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    SPX Credit Spread Trader

    I am glad RUT has finally turned bearish. Coach, how about having a nice discussion on various indices available in US market and how they are corelated. Maybe even go into sector indices like spyders,diamonds, holders and come up with strategies to hedge across sectors. I am trying to get the...
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    SPX Credit Spread Trader

    Hi guys I was busy for a few days. donna, i wasnt that worried for SPX positions. This RUT is just refusing to come down. I am mentally preparing to act around 745. What do you think coach, donna?. By the way, i just bought your book.cant wait to read it...
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    SPX Credit Spread Trader

    Guys Here are my positions. Bear Call on RUT 750/760 Bear Call on SPX 1320/1330 Donna Please stop scaring me. remember this is my first time and i need support?. Coach i am not concerned about SPX but this RUT is looking dangerous. what do you think?.
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    SPX Credit Spread Trader

    thanks momoneythansens I am still looking at various combinations. will post more.
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    SPX Credit Spread Trader

    Coach I was doing some research on the repair strategies and i came up with this BOX strategy. My head is spinning from the imagining all these outcomes. could you please walk me through?. Lets take your example: Credit spread of 1200/1190 PUTS when SPX is at 1260.Its falling and is...
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    SPX Credit Spread Trader

    I see where i am going wrong.I have put on 2 trades, one on RUT and one on SPX.I got filled on RUT this morning (short 750/long 760) for $0.5 and i am still waiting for the SPX to get filled. gosh! i have heard that emotions make you see things out of balance, but to experience it like this...
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    SPX Credit Spread Trader

    Thanks coach Am beggining to feel better.Had a good lunch with friends.All i have to do is wait for uncle theta to work the magic.I have a good mind to implement the Prego fly but i also have other well known repair strategies like below. For example, in a bull put scenario *close the...
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    SPX Credit Spread Trader

    No i meant RUT. oops sorry, it just occured to me that this is a SPX forum.Still, i sure would appreciate any input. thanks
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