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I've read through this fourm and have found that many traders are posing the same question about using the ES as a base index and trading options on futures. Could someone please explain to me: 1) Why would using the ES be better than using the SPX ? 2) What is SPAN margin? With OptionXpress...

Wow, I got a .60 fill yesterday for the same spread. What was the bid x ask when you put in the order? EOD is .40 x 1.20 for a .80 MID . Man, I'm bummed I couldn't take part in the IV trades today :( sd

Yes, as long as the contract size on both sides is equal.

Come on now Phil. Make those MM's work! I got a $.60 on that order..... shawn

I'm sorry...what do you mean "Size to go is implicit"? sd

I have a interesting test going. I put in orders to open both the XEO and OEX 535/545 Put Spreads @ $0.65 each. The MID was the same on both. Let's see who fills first. If I have to, I'll shave each the same. sd

Coach, I would like to start a mini-discussion on what technicals you use to determine support/resistance on the index you are "spreading". This is an area that hasn't been touched on in this fourm at all yet, and I think it deserves some attention. OX allows you to save and post up the java...

osho67, From reading your posts, my suggestion is that before you trade real $$$, you need to start reading up on what exactly vertical spreads are and how you can use them effectively to make real $$. Everyone needs to start somewhere, but the worst way to start trading is without a core...

My thought's as well. I just got out of the OEX bear call for a Debit of .10, and I took in a credit of .35 on that side, so I made a total profit of .25 on the bear call (minus $50 in comm) and should make the full .65 on the bull put, for a total credit of .90...not too shabby. I hate paying...

So I don't normally do this, I trade in my own bubble and don't ask for advice. But here we are, 4 days Exp Friday and I'm on the fence, so I figured I'd solicit some advice from my fellow SPX traders. SPX is at 1241 SPX IC 1260/1275 bear call (with in 20pts of 1260) 1160/1174 bull put...

Yes, go to: http://www.washingtonbusinessradio.com/Default.asp Click on the "Listen Live" link above the tropicana sign. Shawn

Hey there coach, Just listened to your radio program from DC 700, and it was very interesting. I've been trading CS's and IC's for about 1.5yrs now, and agree with everything you have to say. I just finished reading the *entire* 85 pages of this thread...wheew I my eyes need a break...