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My 1295/1300 call spread on SPX is benfitting from the downward move today. Would like to see a follow through with more of a drop tomorrow before closing though. Can only take what the market gives me though.

We are now inside the 45 day window for September options. I'm waiting until after the Fed meeting next week before putting on any Sept positions. Also need a little more juice taken out of my August before I roll to September. Today's downward move is helping my put diagonal some, not a...

Make of it what you will: http://www.bls.gov/cps/minwage2005.htm

Oh, then don't look today, you don't want to know :p . Just kidding, we have all been there sweating out our short positions from time to time. I'm looking for a pull back from the 1280 level. I did finally get filled on a 1295/1300 Aug call spread. I'll take a profit when I can get it on...

Aug 1300/1320 c is going for $4.20 on the mid right now isn't it? :eek:

August

I put in my order for a 1300/1305 SPX spread at .05 under the mid then left for a little under an hour. I came back to find that I was now .25 under the mid and no fill. Maybe TOS is giving me bad mids or the MMs are really tight fisted today.

I was trying to get filled at 1.55-1.60, what were you trying for?

I tried to snag a SPX 1295/1300 bear call spread this morning. Couldn't get it done before I had to leave the office so I left it. Market has gone down since then so no luck. Anybody else try to grab one?

From what I have gathered on this board Maverick owns/runs/manages (not sure which) a prop firm. As you probably know, a prop firm is where you will be able to get haircut margin. I'm not familiar with any of them but I know if you do a quick search on ET you will find a number of them...

I've been tempted by the 1300/1305 call spread but SPX has retreated just a little bit off the high. Maybe we can get some additional buying going into the close and get up to 1275 or so and up to 1280 tomorrow followed by some back tracking after I put my position on :D .

You want to do a put diagonal with the VIX relatively low because your spread would increase in value as the VIX would increase (to a point). If you can do a put diagonal and the VIX continues to increase on the selloff you would come out all right as long as you picked good strikes and managed...

I'll let Murray speak for himself, but his post said if there is a VIX spike in August you could possibly buy back the August put (probably at a profit, lots of variables here though) and then sell the Dec put that has lots of volatility built into it. If/when volatility goes back down the Dec...

I first looked at OIH on Friday so cut me some slack, where is Rallymode getting resistance at 140? What put spreads are you looking at Richard? Right now it looks like OIH jumped up to the middle of a range and has a little more room to run.

Not bad for about 2 days work don't you think? Nice call Cache! :)

I swear what I posted is what my screen said. I came home from work and pulled it up, now it matches what you posted. Kind of strange.

My screen on TOS is showing 1.50 and 1.30 mids right now, I like your numbers better!

Looks like Coach found something he liked and jumped in :). I'm content with my positions at the moment but looking to see where I will take the plunge.

With the VIX taking a beating today I'm looking to see if there are any call diagonals that look intersting. Using anywhere from 1305 on up for the Aug short I keep finding that I have to have a 40 point wide spread to get a credit instead of a debit. That seems a bit wide and a little more...