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Finally closed that bear call spread I had from last summer!!! By rolling, I lost 1/3 of my account instead of taking a 100% loss. This is how I survived (kind of): I did not want to face a BS, so I did only bear call spreads (CTM) on the xeo. Well, I did great last summer, but then the...

For Nov. expiration, anyone care to guess market direction?

Sigh! :( :( ::( :(

I rolled out and up over the past 2 months. Profits for the year wiped out. Loss for this month. Have to roll again. The question is should I roll up (oct), or out (nov), or close with any dip over the next few days. Rolling up seems to have the least loss, if the market does not...

I also lost on XEO CTM bear call spreads this month. Last couple of months were really good too - 25%-40% profit. Lost 33% this month. I trade with less than half of the amount allocated for spreads, so I had enough for the rolls. Although I rolled twice, I have a loss for this month...

rolled XEO bear calls to Sept......... As Mo said, gamma is high tomorrow with difficult fills. But, I see XEO at the top of the channel. So sideways/down fom here? rallymode, sailing, piccon - your chart interpretaion? Are we at the top? Thanks

Thanks, Mo. In trouble this month with bear calls; with XEO moving up. I was on vacation and did not monitor.............. Just rolled up. But, may need another roll up or out tomorrow.

Last day to trade XEO is Thursday? But, settlement price is based on Friday close. Correct?

I have noticed that when volatility spikes, fills happen at midpoint or better.

So does this mean we should try and sell better that the Theo (when spread is expensive) and buy less than the Theo (when spread is cheap) - waiting for the point where IV makes the spread price cheaper(buy)/expensive(sell) as compared to Theo which is based on HV?

Great idea to look at the Theo value.

Get TOS live support. I was trying to get out of my July XEO 565/560 for .15 above the mid and could not get filled. TOS legged out for me .5 above the mid.

Great trade! What do you look for when placing put diagonals? 1) Low vol. of the back month (VIX at 13) Low vol. as compared to what? last month, 3 months? 2) How do you select the short strike? (With credit spreads we look for 1.5 to 2 std. dev out.) Do you place the...

Usually .10 to .15. from mid. But sometimes just no fills...... I then look at the difference between the bid and ask of the spread. Take 30 to 35% of the difference. Add that to the bid price if I am selling. Usually get filled, but sometimes it is way off the mid (.20 - .25).

Trying > 45 days credit spreads. Closed Aug. SPX bear calls today. Could have held another 15 days, but did not want to wait for just .20 - .30 more. 6/30 - SPX 1310/1315 credit 1.20 7/17- SPX bought back .40 return =19%...

congrats coach!!!! Hope mom and baby (and you) are doing fine..............

Yesterday I rolled: XEO: 570/565 bull puts to 560/555 taking a loss of .95 per spread. I opened these when the market was oversold and starting to move up, BUT the overall short term trend was down. Lesson learned: Even if the market is oversold and moving up, do not open just OTM bull...

early morning I opened XEO 565/575 : .75 (mid was at .90) Although I did not want to trade bull put spreads, the market was oversold and the trend was reversing. However, I noticed that if I had sold the 560/565 a few days ago, I could have got more. I guess volatility was higher...

For those trading the XEO: what is the next support level? Since the market is oversold- I am thinking of opening 565-560 ....... But, we may be headed further down............. Anyone- any thoughts?