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I trade credit spreads on SPX every Monday. Montor position throughout day. Good for 2-3% per week. It is part time but never turned 'off'.

Problem with CC strategy is, over time, your winners get called and you keep your losers. I find this strategy effective only when: 1. You want to keep the underlying share for the long haul and don't mind a downward trend. 2. You are writing the call ITM and expect to keep the underlying for a...

I think it really depends on your definition of 'profitable'. I write WAY out of the money credit spreads on the SPX and make 1.5 - 2.5% per week. I call that profitable and my risk is mitigated when volatility is down. When it's up, being way OTM increases premium a little (maybe 3-4%) but risk...

Thanks. I kinda thought that but was 'warned' by a friend who isn't as well versed as he thinks. I will consult the reference and I appreciate the insight. Good luck with your trades. JYD

I have a similar question but with option credit spreads. Here's an example of a trade I just made: Buy SPX 2050 Put Nov Wk 4 ($3.00) Sell SPX 2055 Put Nov Wk 4 ($3.25) This was a $0.25 credit spread on 10 contracts. Net to my account was $220 after comms. Both will expire worthless next...