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Yes congratulations to your reaching your milestone too Coach. Well deserved and hope you have continued success with your credit spreads as we have witnessed over the last year or so. I too don't post much but always look forward to reading this post most days and try not to fall too far...

Thanks again for your kind explanations Mo. Much appreciated as always :D

Hi IV, Im just wondering if what im doing is similar to what your doing? eg. I purchased GOOG strangle when GOOG was 390. Purhcased 360p 430c When underlying fell to 370 I sold a 340 put and when GOOG when back up, i bought back my 340 PUT for less than what i paid for it. I keep doing...

Thanks Mo for the explanations. Without you around, quite a few of us will be totally lost. Sorry for the late reply as I signed out for the weekend too :)

Whoops, my question was a little late. Yeeha!!:D

Thanks risk, im looking forward to it too. You're one of the good guys on the forum, just like coach :) I do credit spreads too but from what you said it sound like the diagonals and time flies are the way to go for better safety. I'll definitely add them to my repetouire once I get a hang...

Yup I second that :) A great thread attract good people

Yes, strangely calc's posts do remind me of riskarb. I reckon he's been reincarnated :p But im sure its just someone else :D

Thanks for your help again coach. Good to know things haven't changed from what Im familiar with. Interesting to note that the composite b/a is not the best because.....I may be wrong but I think OX promises something called NABBA or something like that. Anyway off to sleep again while you guys...

Hi Coach, pls help..... Not really understanding what you're describing about the bid ask problem in the few posts above. In previous posts months ago you've been describing your method of getting filled with OX spreads which I understood really well. eg if the bid ask shown on OX is...

Got it, thanks coach. :)

Hi Coach, I have a question using a different strategy for the spx option chains in OX, while still using the principle of trying to split the bid ask spreads. What do you think of the purchase ATM straddles of SPX? If the index moves either way the price increases in theory. So will...

Hi Phil, thanks for the reply, really appreciate it. Great of you to post your trades as they happen cause this is sort of what Im doing at this point of my trading. There is a perception by most that what we're doing is rather risky and Ive always questioned myself if I was doing something...

Hi Optioncoach, Great post. Very interesting as I trade similar strategies in the Australian Stock options. But our liquidity is terrible. Im thinking of joining optionsexpress for better liquidity and volume. I just got a screen of the SPX quotes and they are as follows: spx 1185.75...