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Thanks for the link J-Law, Looks like a good website for looking at the spreads, but i must say I have gotten used to seeing spreads as 2 charts overlapping and looking at the gaps widening and narrowing between them. Just something Im used to i guess. But i'll start looking at the spread...

No worries Andy, enjoy your time off and have a happy new year

Andy or Coach, What do you use visually to decide when to put on a spread. I overlay one index against another in the one IB chart. Its very crude but that's all i use as I don't know of a better way. For example, i just overlay the NQ chart with the ES chart and if the gap is...

Hi Coach, good to see you trying other strategies and spreading your wings :D Will be following your exploits with interest in this thread as well as your usual ones. I came across the Schap book as well and he has a chapter on trading index spreads....so that means one can also trade index...

Hi Alp, Sorry for the late reply due to work and have not been reading ET the last few days. I normally just click on the VIEW on the menu in TWS. Then i scroll down to ACCOUNT and my accout details comes up in a separate page. Within the page are the margin details as well. I don;t know how...

In the strategy tab there is an adjustable date button on the right hand side just above your simulated trades at the bottom. You can change the date with that button and that willl show the decay in you daily graph of your strategy. Your daily risk graph will then move accordingly and you will...

Sign up with IB and use ES options and you can do these positions SPAN margin :)

Hi im no expert but ill try to answwer your question. Vix is the volitility index. Lets say vix is currently at 11.5. You would buy a 13 call and sell a 14 call. Thats if you bullish on vix. ie thinking vols will increase sometime in the future. This is a debit spread. You would do the opposite...

Great strategies but if only i can see the freight train comin. Without my crystalball, i would probably still get steamrolled with my credit spreads:D

Just got home from a big night out on the southern hemisphere. Well you got me very interested. What the strategy? CTMs? Debit diagonals?:D edit : adding a funny face in there:D

Sure the high vols let you go wfotm spreads for good premium. But looking at the chart in 2002, im sure the market still reached and threatened those strikes even though they were wfotm

I think I have my preservation of capital down pat, thanks to the drilling in my head the importance of it by many posters here. I now have no trouble closing threatened positions instinctively when the market is at a certain distance from the short strike. But I think losses to the account will...

Im ahead as well but only very slightly. One hit to my short strike of one of my positions (ie1360/1370) really took the wind out of my accumulated profits so far.

1) No specific reason but had pre planned to close at the short strike weeks ago. Does not mean I'll do this all the time. Might change it back to closing 10 pts from the short strike. Edit: But the main thing I learned is that i followed on my plan without getting too nervous. 2) Some of my...

Coach, Hope the market doesn't keep moving higher after you open your call spreads cause i'll be hurtin too if it does :) Edit: Congratulations on keeping your losses small after such a crappy month.

Who'd have guess id have to close my 1360/1370 at the start of this morning. What a move up. Market has to drop soon i think.

Hi Mark, It does hurt a little but im trying to be mechanical about it and stick to my plan of closing when the underlying hits my short strike and I have done it :) Like you said, it doesn't feel too bad when you have other positions working for you at different strikes. Just hope that the...

No worries, will let you know if I do adjust. This closing at the short strike is something I picked up from Mark/dagnyt and is something im experimenting with. But thats not set in stone and I sometimes close 10-15pts from short strike, cause gamma really hurts the last 10pts. Im also scaling...

Yup, I've wet my shorts :D

Hi rdemyan I have the same 1360/1370 on the ES and it'll cost me 4.50 debit to close it. Opened for 1.90. Looks like you're practising good risk management to close yours. But my plan is to close when ES hits my short 1360 strike. I have 5 contracts. Will open some more Calls at higher...