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  1. R

    SPX Credit Spread Trader

    Are you talking to me?:) I'm doing just vertical's although I have a call (today if it gets filled) on the smh I'm thinking to diag. if my current call is correct, but not yet comfortable in calendars as it seems you have to be correct twice...I think I am in Momoney's category A. on spx...
  2. R

    SPX Credit Spread Trader

    The other thing I noticed as I watched the spx in the last 10 minutes of trading yesterday...is the amt of premium left on the table going into set. (1.25 for the 1170 P) As Murray pointed out in the last few days of trading there was still a great deal of premium on the table, so perhaps...
  3. R

    SPX Credit Spread Trader

    Gater and I both SHOULD have covered our 1170 short on Mon/early tues when we could have gotten out at .90/1.00. I did try but didn't succeed in closing my put spread (on wed)..did close the call short for .05...sooooo my Oct spx trade +3.40 (less commissions) Opened Nov 1150/1135 PS +2.10 (on...
  4. R

    SPX Credit Spread Trader

    BTO Nov put 1150/1135...credit 2.10 most indicators show mkt is bouncing along the bottem and though we may drift south... trend will begin to turn. Will wait until oscillator shows overbought to do call side. (if it ever gets there) Still undecided on whether to close 1170/1155 Oct...
  5. R

    SPX Credit Spread Trader

    I was in the market 2000-2003 and I know each market offers its own risk/reward. Each individual needs to find what works for them and in this type of market (2004/2005) I think Coach's way otm condors have good risk/reward profiles. If you don't like it buzz off
  6. R

    SPX Credit Spread Trader

    Gater I didn't close mine either but also had 1170, i think most that rolled had 1175, and that made sense to me whereas (although) 1170 was briefly breached I think you did have the feel that we were far too oversold to actually end up there. Phil made a good point earlier that your "plan"...
  7. R

    SPX Credit Spread Trader

    BTO put side 9/20 1170/1155 credit 1.55 10/4 call side 1255/1270 credit 1.30 10/10 STC call side -.10 10/10 BTO call side 1225/1240 +.70 tidy credit 3.45 watching the tape very anxiously :( ...wed looked to possibly close premium too...
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