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What broker are you using. My order is still sitting out there for 30 contracts at 0.50. sd

Just a quick question, since I don't have time to look up the info. I'm also looking at the OEX put spreads...so what is the corralation between a 70pt OTM on the SPX to the OEX? It's just not as simple as 35pts right? For example the 510/495 is .05x.75 now. I'm trying for .50 on the SPX...

RiskArb, I understand you have problems with this strategy, and that it doesn't make sense when looking at the greeks, or the amount of risk taken on for the amount of reward. I do have respect for your views, because I worked along side of guys at SIG that were purly quant's and that whole...

I had the same issues about 1yr ago. You need to have them turn a option on in your account. It's called "Condor Logic" and let's their system see your positions as true condors. There has been no ill effects once they did this. You can request it over the phone or through live chat, but I...

Disclaimer: This could be totally bogus info but..... A buddy of mine was also trying to open some Sept strikes in Aug that we're not open. He called either the cboe or the 1-888-options (OIC) and asked them to open up the strikes. They called down to the MM and opened them up. It doesn't...

Sorry for hogging the thread but: 1) You reccommend looking at a bull put spread on the SPY with the short option being 119. Wouldn't this also be in danger of being in the money quickly? Did you mean a bear put DEBIT spread for .35? In the past you have just heged with a simple long purchase...

I also have the 1165/1175 bull put, and now I'm a little concerned. Coach a couple of questions since you have the same bull put. 1) I have 15 contracts of the 1165/1175, if I wanted to hedge using SPY puts, how many would you purchase (1 for 1?) and at what strike (118?) 2) Would you...

And if anybody has a in with the Fed, please tell that doofus to keep his trap shut. Next time he "reassert's inflation-related comments" I'm going to shove my foot up Dallas Fed President Fisher's you know what. I also have the 1175 put spreads but I'm flying all day tommorow and won't even...

Yes, that fill was right around 10am when the market was heading up, and then I tried to get into the puts when the market tanked. I'm glad waited until today's tank...now let's just hope we don't have too many down days in a row. I'll have to take a look at the bid/ask tommorow on the call...

I gave up on the 1130x1140 and just got filled for 1.00 on the 1140x1150. It's a tie this time Phil! The volume was about 4200 on this spread vs 550 on the 1130x1140. Figured I had a better chance... The condor is 1140/1150/1280/1290 for 1.95 cred. 130 pt spread. sd

I have a few accounts at OptionsXpress. Well when I want to trade a spread in multiple accounts I had to enter the order manually each time. Now you can click on the bid link in the option chain, input your credit price and then click "group trade". This brings up a list of your accounts, and...

Just a FYI, OX now has group trading for spreads. Sweet!

This might be an overly simple approach, but I setup my OX watch lists with the Index's I trade. I then pick my "fence" points, or prices that I want to know the SPX/OEX/RUT hits. Once it hits that price, an Alert is triggered and optionxpress sends me a page to my cell phone, and a email to...

This trade was done on 9/27 and comes from another service I subscribe to. Something to take a look at for all you credit spreaders. I haven't put on the trade, it's just what was reccommended, so use at your own risk. Sell 10 SPX November 1140 puts Buy 10 SPX November 1130 puts Credit of...

This is exactly what a friend of mine does, he put's on the bear call about 6-8 weeks early. He always get's a much higher credit than I do putting on the spreads the monday after expiration. I tried to argue the point that time decay occurs at a much quicker rate the closer we get to...

Did anybody notice the CBOE is launching new Mini-SPX options? This is getting very confusing, because they just launched weekly's too. I'm trying to figure out why they are launching these since there is already the SPY. Coach, do you think these are worth looking at...

Thanks, I know a good bit about index options, but I'm a total newb with futures options. So please bear with me: 1) Your saying that as long as I hold the spread, I would only require $5500 (2250x2 due to multiplier) to hold until expiration? Then the options would expire worthless, and I...

Lower using SPAN? For example a normal trade would be With the SPX trading at 1215 A Bull Put Spread: -10 1175 OCT SPX PUT +10 1165 OCT SPX PUT for say a credit of 1.00$ OptionsXpress holds the difference between the strikes * # of contracts - the credit. So for the above trade, they...

I'm currently using OptionsXpress to trade SPX/OEX/RUT credit spreads. I'm not doing any futures options trading now. Would I still use SPAN margin with IB?

I'm looking to trade options on the ES, and I know IB trades them. Is there anyone else I should consider going with? I'm not a big fan of IB's java based platform. I'm looking to do credit spreads and iron condors on the ES so have a easy to use option chain (ala optionsxpress) with spread...