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    Credit Spread Question

    if that pm really works as good as span; i would wait also. on the other hand; i will not believe it until i see it. i would be interested in hearing opinions on how the future option group (cme-globex) can respond to pm.
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    Credit Spread Question

    offtopic yip; when are you gonna switch to future options? you know the all about the margin advantage.
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    SPX Credit Spread Trader

    sorry for confusing you,yip... i do have more longs than short. my short 670 and other shorts are in spreads. i have longs at 650/660/630 , etc.... no more naked....trading i then put on other trades, such as debit spreads and long options. i am , like others constantly evolving.
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    SPX Credit Spread Trader

    it sounds good to have a "clean" book; but are you in any given month completely short or completely long? you must have positions offsetting others? my debit spreads lose 9 months a year; but without auditing my book right now, i am certain to being up overall. there must be other...
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    SPX Credit Spread Trader

    maybe i am less greedy than others :eek: my shorts for april are 670 with er2 @784.60. a 60 point move more would put me 50pts out. to me , i received good money for the month. i cannot understand why others go much closer. i stay out of bad neighborhoods.......
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    SPX Credit Spread Trader

    mark, what you explained is exactly what happens to me on a regular basis. it is emotionally not easy to spend premium; but it gets easier with time. rally, why can't debits with credits just be looked at as separate trades that ultimately may effect the p/l in one way or another? i was...
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    SPX Credit Spread Trader

    like dagnyt, i may also be lucky combined with hopefully skill also. i seem to put my spreads on after big moves. it takes much discipline. you (and mav)are right about how fast a market can move, even to fotm 10% people like me. i consistently allocate 15% of my premium received to debit...
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    SPX Credit Spread Trader

    jeffm, i may have said this in the past; your posts says what i think, and are very clearly written. great job.....imo.
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    Bye-bye reg T

    you know i like to bust your balls..... if PMA unfolds differently for "the little guy"; will you acknowledge this? i clearly understand the overall advantage will still be with the jbo. the differences must be quite an edge. i for one have been trading future options and have enjoyed their...
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    Bye-bye reg T

    mav, you are an interesting person. it does not take much to get your attention. some unsolicited advice: improve your trading, because the jbo is going the way of the dinosaur. please do not reiterate your perception of how it will actually work. not interested. i will say , you do have a great...
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    Bye-bye reg T

    ib is already advertising portfolio based margining.........
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    SPX Credit Spread Trader

    yip, you are correct. with all that has been going on, the timeline gets confusing. i was unhedged for one overnight. i did have sell stop's to go short on er2 active just above my short puts. the next day i bought longs, and then after the runnup, i closed the short puts that were open...
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    SPX Credit Spread Trader

    rally, in my earlier post, i did want to bust your balls a little about the put spreads :) even though i had very little on, i still had some in the high 600's for 1pt. just not nearly my normal monthly amount. yip, my trading is not naked anymore. i use spreads in all; so i would not call...
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    SPX Credit Spread Trader

    now you got it, not bad. my return for the past 30 days consisted of mostly short call spreads, and ratio put spreads. i had a very minimal amount of short puts because i could not get the premium and safety when er2 was trading north of 800. i would not short in the 750's. my disipline...
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    SPX Credit Spread Trader

    no, i will clarify: for every 10k in cash, i cleared 1k for the month. my math tells me that is 10%. as i admitted in an earlier post; one short position was 45 points otm. that was very close for me. imo, if the market continued toward my closest CREDIT SPREAD (on topic); i was prepared to...
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    SPX Credit Spread Trader

    rally, my put spreads (er2) all untouched and solidly otm; after an er2 8% plus one week correction. net this month 10% plus on my my account. i understand why you are so sarcastic; but for those who have been in this 10 years making good money can you still say it is luck or maybe something else?
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    SPX Credit Spread Trader

    today was my first day of "not feeling great". i was long march er2 @ 730and short april @ 730/715/710 . i did a stupid thing today when er2 was down 9pts. i sold my march inventory at huge gains; planning on buying some april longs on a bounce. that part did not happen. er2 is at 774.10...
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    SPX Credit Spread Trader

    because i care...and i need to make sure i do not get complacent . yes it takes big balls and good assessments to have been short. i was also massively short calls too. i had no short puts, just refused to sell puts in the highs. i for one plan on not putting on some careless trades after...
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    SPX Credit Spread Trader

    i had some 855calls short too; i feel a little better like you! you are completely correct imo on how the vols will stay high for a couple days. i plan on doing put spreads in a few days, not now.
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    Bye-bye reg T

    mav, early on you speculated that the requirement would be 1mm, then later to 500k, etc. i understand that this was not stated as fact at the time, just what you may have heard; but now one firm is at 150k. is it possible in your above points regarding jbo vs. the final outcome concerning...
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