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  1. S

    SPX Credit Spread Trader

    Oh I get it... So I can trade both dates every month in ES, unlike SPX where there's only one expiry each month. And you're saying the regulars, ie 21 Jul and 18Aug is more liquid or popular and what most of you guys trade. Guess I'll stick with the regulars too :)
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    SPX Credit Spread Trader

    So Im only concerned with July 21 and Aug 18 for my actual trading of ES options which is similar to SPX expiry dates? Sorry for newbie questions.
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    SPX Credit Spread Trader

    Can anyone pls help with IB? Im trying to select the expiry date on Option Trader platform. For July, There is July 21 and also July 31. For Aug there is Aug 18 and Aug 31. So which is the correct expiry date for July and Aug?
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    SPX Credit Spread Trader

    Was wondering why the quote for ES Index was not moving LOL. Have now selected Futures (SEP ?) and all looks good. The options chains I have currently selected have July expiry. Am I correct in assuming that the price of the July or any other month options chains dependant on the SEP ES...
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    SPX Credit Spread Trader

    Yup, gotcha and i really like the adjustment options. Will play on paper all those scenarios in more details with the real numbers. Really like this Put Ratio Spread risk profile. Think I will concentrate on this and credit spreads for a while before taking on more stuff. On to soccer...
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    SPX Credit Spread Trader

    I don't know how to attach the chart from BIG CHARTS but if you guys have a look at it you can see the slow stoc has reached the peak as Rally said and the SPX is at 1280. I guess its time for SPX to go down from around here. I just select the standard slow stocs and have not adjusted any of the...
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    SPX Credit Spread Trader

    Hey I didnt know you Yanks watch futbol :) Well now in hindsight Germany is gone. Wanted Italy to lose cause they beat the Socceroos :mad: in a bull&*%$ penalty in the last 10 seconds of the match! Which shouldn't have been a penalty :mad: but I won't bore you guys with the reasons. Agree...
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    SPX Credit Spread Trader

    Thanks Coach and Rally, I get what you guys are trying to say. I think Im being too simplistic. You're right, there's still profit even if ES ends up below the short strike at expiration. The thing is do I have the guts to hold it even when it just touches the short strike before expiration...
  9. S

    SPX Credit Spread Trader

    Never heard of that one before. Hasn't been discussed much here but two accounts is enough for me or i'll start losing track of me funds. But might have quick look at the website out of curiosity.
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    SPX Credit Spread Trader

    Thanks Mo, mm...I did notice " Option Trader" and I think its another platform or something like that. Anyway I'll play around with it and suss it out ready for trading tonight. I thought you'd let out the Holy Grail and got my hopes up for about 15 mins about your earlier post but I knew it...
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    SPX Credit Spread Trader

    Sorry for late reply....in other side of the world asleep :p Yup I didnt realise how prehistoric OX was till I signed with IB.Its very agile but have to get used to it. TOS seems a little better than IB from what I read in this thread but Im with IB because it has ES options. They're having some...
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    SPX Credit Spread Trader

    I know this has been mentioned before but now that I have IB's TWS platform, I must say its much much better than OXs web based platform from my initial observations. Its seems faster and more agile. Much easier to access quotes and the accounts summary is so so much better than OX's slow and...
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    SPX Credit Spread Trader

    Thanks for the tip coach. My IB account is ready to go and I can't wait to look at the quotes on ES when the market reopens on the 5th. Though I think I'll just start small and with buying 2 Puts and selling 4 calls or maybe bigger multiples. The thing i noticed is that the distance between...
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    SPX Credit Spread Trader

    Hi Coach, I noticed your ratio put spreads and they look look like something id like to do. Do you also do them with calls? ie buying 100 calls and selling 200 further out the money calls? Also do you only do the ratio put spreads when ES has fallen and vols increase. l looked at some of...
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    SPX Credit Spread Trader

    WOW SPX just dropped to 20pts. How much more :eek:
  16. S

    SPX Credit Spread Trader

    Thanks for the tip Cache. I figure as much. You say PUT credits isnt good but this quick drops should increase vols and hence the premium right ? Rally, Im still procrastinating and havent sold my 15 wide puts yet but looks juicy. Worried if I wait SPX might pop back up and I'll go damn...
  17. S

    SPX Credit Spread Trader

    Looks like you're right Coach. The SPX seems to be breaking lower today. Good for selling some PUTS due to juicy VOLs. Im looking at the JUL 1165/1150 PUTS (Thats as low as it goes in July in OX) but a little gun shy. SPX is moving quite fast the past week or so. Yesterday it was 1270 and now...
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    SPX Credit Spread Trader

    OK... thought it was just my PC. Might just call it a night and go off to sleep my side of the world. bit late. :)
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    SPX Credit Spread Trader

    no wonder OX is a bit slow today. Not totally down though. Still working...but slow :(
  20. S

    SPX Credit Spread Trader

    No worries. THANK YOU :D
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