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Coach: I guess you haven't been married long enough. Hasn't your wife trained you to always keep the receipt. I know in my house when I buy something there's a 95% chance it's going back. Oh yeah, and thanks for the fabulous gift. LOL

I'm beginning to think I'm becoming a fairly good contrarian indicator myself. On Valentine's day I placed a Mar 1320/1335 bear call. Immediately after getting filled the market shot up. Now today, on my B-day, I got filled on an Apr bear call and the market now is shooting higher. I...

Got filled today on the following: April SPX 1360/1375 bear call at $0.75

Coach: I'm feeling tempted by the following for April: SPX 1355/1365 bear call at $0.70 SPX 1360/1375 bear call at $0.70 What do you think?

So Cash, Did you adjust your bear call at the end of the trading day?

I haven't looked at potential bull put positions, but typically if you roll the bear call up, often one looks to get out of existing bull puts (assuming a reasonable percentage of the initial credit is banked; for me that's typically 75%) and roll up to another bull put to take in additional...

I've got one at 1320. What's the R stand for?

Thanks, Coach. I agree with you. I'd forgotten this will be a triple witching expiration.

Coach: The search feature is exceedingly slow today. Would you mind reposting your current positions. Also, what's your opinion on a 1220/1235 March bull put currently with a mid at about $0.60. Thanks.

Got out of a 1165/1180 March bull put on Friday for a $0.20 debit. Received $0.80 credit initially so I managed to keep 75% of the credit with almost 4 weeks left to expiration. This should give me a good opportunity to place another bull put spread for March with decent credit.

Good money for two weeks. Have you formed an opinion yet on whether you'll keep trading the RUT or is it too early.

A good month for me. Return on credit spread maintenance margin was 7.3% for the month. Had ICs in place for the month.

Coach: It looks like I put on a 1320/1335 March bear call at the absolute worst time. Market immediately started going up, thereafter, and hasn't stopped since. I may rival you as a contrarian indicator. Anyway, I wanted to get your preliminary opinion on the "box" strategy. Is it worth...

Got the following filled today: March SPX 1320/1335 bear call at $0.70

Hey, Coach: Is your wife pregnant or are you guys trying to get pregnant. Inquiring minds want to know if this is affecting your trading style.

Hey Mo: I could swear there was a post from you at the end of last year saying that you were taking a break from the group and wouldn't barrage us with your posts. Couldn't stay away could you. Well at least your posts seem to be getting shorter. :) How's your Google position going?

Hi piccon: I've traded the RUT and you're right the premiums can be pretty good. However, let us know your experiences when you try to get out of a RUT credit spread prior to expiration. My experiences and those of others I know have not been good. The RUT MMs can be very tight-fisted...

Coach: Would you please post your current positions again? Thanks.

LOL. I'm sold!

Coach: I noticed that your streak for placing a hedge and having the market promptly reverse is still alive and well. Your hedging has become such a reliable market direction predictor, that I'm tempted to go long the opposite way. :) Maybe when our positions get in trouble as the market...