Search results

I also got out of my 1205/1195 once I saw that 0.4 CPI core number. Took a .30 loss on it, but I felt good about the trade yesterday. I don't feel so good about it today, but I keep on telling myself I did the right thing with the information I had at the time. Oh well, live to trade...

Coach, I'd be interested in what adjustments you are considering, and the timing of those adjustments. I have the 1205/1195 spread. Would you consider adding a debit spread above your short strike? Or just roll down the position? I'm hopeful that we won't go down 30pts in 2days + SET, but...

I must not have made myself clear, I apologize. Currently credit spreads are my bread and butter, and I make a nice monthly income off of trading them, following the risk management guidelines you have set forth which has taken my trading to another level. But I feel, as a businessman, you...

So coach, The credit spread strategy that we all mostly trade here has worked extremely well in a low vol trending market, and while that situation isn't coming to a end just yet, we might be seeing a higher vol environment soon. So in light of these possible events, I'm starting to do a...

I actually posted yesterday asking for feedback on the 1185/1175's, but no answer from the crowd. So I either figured: #1) Everyone went out and did the trade or #2) No one really cared, or they thought I was crazy so I figured to play it safe I'd roll down a few strikes. But after last...

On the dip yesterday I grabbed the 100 of the 1165/1155 june bull put spread for .20 yesterday, and it's worthless today. Nice bit o change on the dip.

Anybody have an opinion on scalping some extra credits by selling the 1185/1175 june bull put spreads? 7 days to go, and i think the credit could be around .45. Comments? I'm already in the 1205/1195's

I believe the saying, "Only the penitent man will pass..." has some bearing on our July position initiations.... skd

I agree completely. Would there be a good way to play the fed announcement with spreads? Straddles right before the announcement?

Do you all feel comfortable putting on July positions before the Fed speaks at the end of Jun? It seems like the market keeps on reacting like it has bi-polar disorder everytime he speaks. I'm not too sure if I want to place my bets knowing that he could send the market into a large rally or...

Too bad, it was a nice balance to the board, 500 dudes, and one woman.

Anybody opening up their June Bull Put side today on the drop? I'm looking at the 1205/1195 for .55 with the mid at .65. I covered my 1280/1275 trade two days ago for a .85 loss, but as today is my "late" day on PST time, I breathed a sigh of relief when I see the SPX at 1272... I...

booooorrrrrinnnnnggggg....... Coach, when you say your trading size in the ES, can I ask how many contracts?

Off Topic: Coach, are you taking a ES position prior to the announcement, or are you going to wait and see what the market does and then ride the wave with the ES? Thanks, sd

I'm short the 100 x 1350/1355. I'm looking to add some hedges or lotto tickets to the positions. Coach, how would you figure out how many spy calls you would hedge with? I took in .45 for the spread. Also, anyone buying puts/straddles/debit spreads in anticipation of tommorow?

To each his own... the prob's change with the wind, it's now at 13.5%.

Good day to grab some Junes. I got in on 50 x 1370/1380's for .85. I'm a little inside the 1sigma range for june at 1371 with a prob of expiring above 1371 at 16%, but with the summer coming on, I don't think we're going much much higher.

Just my opinion, but I subscribed for 1yr to Mikes newsletter, and I would NOT do it again. His trades all make money, but he doesn't teach anything about risk and money management, and the website interface is a real POS. He tries to con you to coming to his in person seminar for 1k to get...

Coach, Do you know TOS's policy on trading the futures after hours? For example if we get nuked, can I short the ES on TOS after the American Markets are closed? sd

Well from a "plan" perspective today was perfect for me. I was waiting until this week becuase I knew it was a big earnings week and figured we'd break one way or the other, and in my trading journal I wanted to do a trade if the SPX is +/- 15 and take that side. And boy did we break. So I...