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    SPX Credit Spread Trader

    i did not say actively recruiting. you know that. i think 3 good accounts is great, don't you also? i think 3 good accounts in my business is good also. it obviously may lead to more, just from those accounts only. you know that too. thank you et. you, me and many others should be grateful for...
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    SPX Credit Spread Trader

    mav, you are saying that those two accounts are not directly correlated to them getting to know you from this place? c'mon now, you are totally degrading yourself if you believe that people do not see the reality. the data is in you post. the other offers you get are turned down by you for only...
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    SPX Credit Spread Trader

    you are confusing me with someone else. i do not want to know how you trade; i already know to my satisfaction. i am being mentored by professionals (whom are my friends and family) using their guidance and software (Bloomberg). i asked the question about np's like you post. just a quick...
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    SPX Credit Spread Trader

    saying that you do not have time is what is "absurd". i guess in one big stream of consciousness you quickly put out 5000 plus posts....and maybe even more..... i do understand though trying to explain your actual trades would get quite tedious. you are right on that point. it does not...
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    SPX Credit Spread Trader

    a little late, but what the hell.... Quote from Maverick74: Let's just say I'm a premium seller that is net long contracts that attempts to own as much curvature as possible for little or no cost. this is what he does (and so do i): backspreads, short back month(1), long front...
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    50-100% 2007 target return possible with options?

    reading your recent posts and postulating(presupposing) the intended tone; makes me feel so wonderful to be me and not you. thank you
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    SPX Credit Spread Trader

    optioncoach, since you have not discussed jan spreads; i have a few thoughts and questions. of course we all would like more volatility and price movement in both directions. i was studying the es future options. a jan 1320/1300 may yield .6. are return's like that too close and/or not...
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    SPX Credit Spread Trader

    agreed, i consider myself lucky for the great year and am no longer in the naked population.... back to spreads with future options. besides my open credits spread positions i have some put backspreads to show for comments. these are er2, but can be compared to spx backspreading to stay...
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    er2 naked future option journal

    i am proud of my earnings; but not complacent. i believe spreads are more difficult to manage; but with the span type margin i can be just as far out and still protect with a 20 or 30 pt cushion. i had always planned on receiving less credit for 2007 and my margin requirements will be much, much...
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    er2 naked future option journal

    UPDATE NEW positions no current positions er2 -10 DEC 835 call sold @ .80 er2 traded @ 770 closed @ .35 account value: 111,315.66 i closed the calls last week. i will most likely stay in cash because i just transferred my gains for the year out of my account. i will...
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    er2 naked future option journal

    UPDATE NEW POSTIONS my current positions er2 @ 794.10: -10 DEC 835 call sold @ .80 er2 traded @ 770 current value: .75 -10 dec ER2 puts 692.5 sold@ 2.50 er2 traded @ 751.2 when sold CLOSED TODAY @ .20 -10 dec ER2 puts 695 sold@ 1.75 er2 traded @ 769 when sold...
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    Where/How to trade in the pit?

    in your opinion; what advantage do you see to trading pit future options?
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    Starts of new U.S. homes plunged 14.6% in October

    prices are still "strong" in fairfield county, ct. also..... that means nothing. ever boat before? when you turn there is a delay before you actually turn. same for housing. this has been explained in many postings elsewhere on et.
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    SPX Credit Spread Trader

    i was wondering...... since most people feel that writing put credit spreads are not prudent at this time; has anyone considered some cheap debit spreads? then when things possibly correct some you have profit and/or partial hedges to your new credit spreads? is this "building" superior...
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    SPX Credit Spread Trader

    risk was taken out as you know. i think these discussions are great. some bits of good info comes out. as long as there is some tough skin here, things should be fine, although it seems like to me you and mav do like the sarcasm thing a little too much. i can take it though. additionally ...
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    SPX Credit Spread Trader

    sorry for being unclear. i will try to articulate better: if you agree with mav on most points and he says selling ctm credit spreads are not smart or profitable ; then are you reassessing that particular trading method? that's all i am asking. no sarcasm or ill intent. if i suggested that you...
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    SPX Credit Spread Trader

    i would like to see if i can discuss what happened to me recently. i know to the more experienced these points may be laughable; but to me this is normal...plus this is an anonymous board... recently i had an unpublished atm short put (er2 755 nov) that was sold for 6 pts. the next couple of...
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    SPX Credit Spread Trader

    coach, are you considering stopping or reducing your spx credit spreading as mav has said specifically in an earlier post?
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    SPX Credit Spread Trader

    so mav, if i sell a high probability trade for 3 pts 11% outside the market and then the next day the market takes an 8% move against my position....won't a buy stop for 6pts(of which i have) save me from catastrophe? isn't that 2:1 risk reward similar to the trading that rallymode has discussed...
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    SPX Credit Spread Trader

    probably what gets people worked up is the perceived rudeness and arrogance. for the record, i understand it; mainly because i can act like that occasionally in my position outside of options. it took me over a decade to master my business; and now that it is among the best in our state, i...
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