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    er2 naked future option journal

    some of my background: trading options in one form or another since 1994. using ib since 2000. i will maintain this journal as long as there is interest in it and my account allows it. i will not put new money in if there is a draw down, but i do withdraw by wire monthly. i will fully updated...
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    How's real estate market in your area?

    southern, ct. even better point i forgot: i also received a 40ft boat slip , separate title for nothing. others paid up to 50k. i originally rented the slip out until i discovered i needed for myself. i still own it. recently the value reached 15k. it will never ever be near those old high...
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    How's real estate market in your area?

    missed that ... meant $150,000...
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    How's real estate market in your area?

    in 1988 fresh out of college, my parents sent me to a condo auction. i bought a $325,000 for $150,00. living there for 11 years, side by side everyday with those who paid over 300k was very interesting. i remember saying to myself....it was never worth that much, why did the people pay that...
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    SPX Credit Spread Trader

    all perfectly pointed out. it is so easy to get greedy and walk off that cliff. the only thing i can say , is; i have been writing options for years. i intend on being a survivor. such an evolution though, i never considered indexes, future options , etc until coaches thread.
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    SPX Credit Spread Trader

    coach (and other's...) i know it has been discussed before; but we all do change opinions sometimes. when a credit spread turns bad, a .5 credit can become a 10pt debit, being a massive loser. of course there is protective hedging, but it is never 100%. bottom line,when your short is...
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    SPX Credit Spread Trader

    mav, i have 12 years writing, spreading etc. so my question is based on that background. i am guilty of being a large span user, and intend on staying in this game indefinitely. so...... can you guide me to where to start the process of obtaining haircut status? i am clear that it may not be...
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    SPX Credit Spread Trader

    that article is what sparked my initial questions. was looking for some real world examples.
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    SPX Credit Spread Trader

    Coach(and others), since i asked about es options, a lot of great discussion ensued. thanks everybody! my specific question is..... after investigating , do you see yourself considering doing more naked trades with es? they are tempting. back in the day when i sold naked, these...
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    SPX Credit Spread Trader

    not to butt kiss.....i could not have ever dreamed of a better reply. it covered the facts and some of the possibilities. thank you yes rally, i see how my question could be hard to follow. i liked mo's answer so much , because i knew basically the correct answer, but was not able to...
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    SPX Credit Spread Trader

    rally, regarding es options. clearly the margin is significantly less than spx naked, but can you clearly explain how a spread is different than standard spx? to me, an 1150/1140 credit put is the same (except that it represents half the value), but in real percentage terms how can it be any...
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    SPX Credit Spread Trader

    all of us can explain our points better. what i really meant is.......comfort zone or piece of mind is part of the definition of his risk management rules...among i am sure many other criteria to make the whole. i also see the point that ivtrader is making. i still like oc's angle better...
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    SPX Credit Spread Trader

    you missed MY entire point. imo, the reason for his adjustment was not "piece of mind, comfort zone" . it is standard risk management rules. i run and own a 50 person business in addition to my option trading. i run the same risk management rules. it is possible that i see it wrong, but i doubt...
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    SPX Credit Spread Trader

    all of you guys are missing imo the big picture regarding risk management. i am shocked that no one is discussing this. oc, adjusted. most people here would not have done this. so much was demonstrated when this was done. it shows such things as a business like approach with no emotion. i am...
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    SPX Credit Spread Trader

    this has been discussed before (but maybe not enough)..... even though i trade atm and slightly otm credit spreads mostly, i also trade these: buy september spx 1280 put sell may spx 1280 put most of these trades work out fine, some do not...but i do not worry about black swan what...
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    SPX Credit Spread Trader

    hey rallymode.... just for essentially reviewing a past question, i stick by my original gameplan above, but since the meltdown, i am out of all call spreads, and i wish i had told all before the meltdown , but since my post i put on some debit put spreads that i am very happy with. debit...
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    SPX Credit Spread Trader

    i have many other spreads higher up that i received 1.5 on average that start at 1340; so honestly i plan on doing nothing and take my cash settled loss if that will come to pass. if i do lose the max, my month will be most likely breakeven. in this month, i do not even have any puts spreads...
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    SPX Credit Spread Trader

    funny you ask.......yes. i currently have a 1310/1315 call credit spread that i received 2.6 (may)....... without getting off topic, any idea's?(beyond my own of course)
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    SPX Credit Spread Trader

    well, to be perfectly honest; been doing otm spreads for 14 years stubbornly rolling any itm positions. never ever lost money because i always had enough capital to repair/roll. a lot of traders may not like this, but it has worked for me. i was never one to overeact, ultimately my trades swing...
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    SPX Credit Spread Trader

    since it is a little quiet out there.....we all know that spx on cboe has large quote spreads and also is very liquid. i am looking for opinions on any other index that has "tighter" spreads and is also liquid. i am sure this has been discussed before, but the realtime answers here are...
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