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Spreads

Alright... alright.... You did tip me off to MRVL. But you can't take credit for AAPL. I've been losing money on that ticker all by myself.:D I think you'll make out pretty good on that fly. I wish I could say the same for the bull put I had to bail out on.

I've got the APR 1340/1350 also. I'm looking to about double the margin that I've got tied up in SPX before the end of the month. I don't plan on getting too aggressive with it. Just want to try to put the money to good use before expiry. This little dip down (if it is just a dip) should...

Looking to open another SPX position. Just want to see if we can really fall through 1295 and stay down. I'm not leveraged enough for APR, so I'll look to open a few more positions. I'm not going to chase anything big this close to expiry though. I've got my eye on AAPL again. Maybe for...

You can find the answer on realforextrader's journal. Evidently he recieved a less than desireable PM after a disagreement on a journal. He lashed out on the realforextader journal. Too bad. I liked having him around.:(

You're right, I did mean 54.

Rallymode, On MRVL, are you expecting the support at 44-ish to hold?

Thanks, things are moving a little slow right now, but I expect them to start to pick up a bit. That's what I get for anticipating a market reversal. I underestimated the bullish sentiment before. Anyway, I don't use any special software because of my swingtrading mentality. I'm usually...

Thanks for the words of encouragement. Comments are welcome, especially if you see something about one of my trades that I don't.:D

Today's Action STC 2 BAC MAY 50p @ 4.30 Year to Date P/L Account Value: $11,116.50 YTD Gross P/L: 1,310.00 YTD Commiss: 193.50 YTD Net P/L: 1,116.50 YTD % P/L: 11.2% Had a trailstop set on BAC that was a bit too close considering the...

Wow, we must be on the same wavelength! No kidding, I just analyzed all of those last night. That's why I was trying to get into AMD today. Ooops... I didn't look at MRVL. Maybe that'll be a good one. I'll have to check it out. :)

Your probably right.:D But seriously, there's more than one way to skin a cat. What you like for a FLY, I might like for something else. Just mentioning the ticker is good enough sometimes.

During the last year or so, I've allotted much more of my account to SPX trades. The biggest factor for me is that we are talking about 5 point spreads on a 1300 point issue. I mean, it's the equivalent of 0.10 - 0.30 spreads on most equities. I just allows for a lot more creativity. But...

I've got positions in; BAC INFY DELL IBM AAPL RIMM

Yeah, that's why I bailed. I opened the position when that critical resistance point was a critical support. Once it fell through I was just waiting for a good time to get out. It came with yesterday's rally. I'd considered a bear call, but I think I'll wait until the resistance holds this...

Not to argue with you, but wouldn't it be better to say that ETF's have "minimal" tax consequences. They do have about a 2-3% turnover don't they? So a very small part is still taxed at the long term rate, is it not?

You are talking about vertical (credit) spreads and a few of us have journals that cover these strategies.:D Vertical spreads for aggressive growth www.elitetrader.com/vb/showthread.php?s=&threadid=63020 SPX credit spread trader www.elitetrader.com/vb/showthread.php?threadid=49586

Today's Action BTC 4 AAPL APR 65p @ 4.60 STC 4 AAPL APR 62.50p @ 3.60 Year to Date P/L Account Value: $10,899.50 YTD Gross P/L: 1,090.00 YTD Commiss: 190.50 YTD Net P/L: 899.50 YTD % P/L: 9.0% Legged out of AAPL bull put for a net profit...

Bearish, but couldn't get filled as it was dropping this morning.:( [edit]I was a couple days late finding this one. I didn't show up on my radar until last night when I should've found it two days ago.

Looking to open a position in AMD. We'll see if the price action is favorable.