Search results

Thanks Coach for the input. Let me know once you get your hedge fund going :D

With the overall market on "crack", I had to make a 2nd and final adjustment once SPX touched 1365 (10 points from my short strike). Originally I had 1350/1360, rolled that into 1375/1385, and now I exited my 1375/1385 position, both for October '06. After adding up my wins and losses...

Mo & Rally, thanks for your responses!

No I haven't but I'm interested in doing so. Currently I trade around 1.5 sigma. Do you trade 1 sigma or are you using support and resistance or both?? I'm not sure I understand. I'm opening credit spreads so I can't let SPX go through my short strike and to the long strike...

As much as this is painful I have to put down my noob trades for today. Here were my SPX positions prior to closeout: 1350/1360 - $0.80 1250/1260 - $0.50 Total Credit = $1.30 Being busy at work I noticed later SPX was climbing 1344+, ran home to make the exit, and paid a painful $5.50...

I hear ya and feel the same way..how can it go higher? I'm hearing the August 2006 housing #s are funny..maybe it's the republican conspiracy? :D I was thinking now might be a good time to buy some SPY puts or a put diagonal. Aloha

Ya no kidding..my 1350/1360 bear call position could use that. :D

I opened 1350/1360 on 9/11/06 (SPX closed at 1299.54) and 1250/1260 9/19/06 (SPX closed at 1317.64).

Ryan, yah the 1350/1360 is looking ugly. I ran the #s today and figured min $4 to close it which will be PAINFUL. I know you are in a diag, but what are your thoughts for a new position to open?? For example I was thinking about opening at 1360/1370 after to offset the debit..but with OC not...

Well the SPX sure gapped up more than I thought it would. Currently I am in the following Oct 2006 position: 1350/1360 - $0.80 1250/1260 - $0.50 Total Credit = $1.30 My rules call for a 1340 adjustement. I'm not holding my breath hopefully SPX will pull back down a bit :)

Well put..here in "THE OC" Southern California, I heard something like 80% used time-bomb loans: ARMS, IO, Neg AM, etc. because "Real Estate always goes up". Here's some happy reading: www.thehousingbubbleblog.com http://ocfliptrack.blogspot.com/

Mark, Do you get better premium doing this and rolling into the following month 2-3 weeks prior to expiration?? Flint

Thanks for your insights your thoughts. I especially like what you say about risk and reward...an interesting perspective as the trading I started beginning of 2006 has been Farther OTM credit spreads and using the 70-80% capital method. I'll start looking through the journal some more at the...

Cache, a great job! How do you select your strike points?? One sigma based upon 1-year historical SPX data?? Are you looking to open some bullish put spreads now or later after the Fed meeting?? Flint

OK here's a cross-post as this forum seems to be more oriented towards credit / vertical spreads and Coach's seems to be getting into more advanced subjects for this noob. Here's my SPX October positions so far: 9/11/06 opened a 1350/1360 bearish call spread for $0.80. The market has...

Here's my SPX October positions so far: 9/11/06 opened a 1350/1360 bearish call spread for $0.80. The market has come up quite a bit, however my rules don't call for an adjustment unless we touch 1340. I'm hoping the SPX will hold and go no higher than its 52-week high of 1326.70. At...

Here it is guys. A friend received this from OX: Dear XXXXXX: We currently have an ongoing issue with the CBOE regarding the release of option requirements on complex spreads (condors). This issue has led our clearing firm, Goldman Sachs, to hold requirements on both side of your complex...

A friend who is in a trade this month (unlike myself) got a notice from his trading service (www.wiseoptions.com) letting him know of the new rules. Also, he got a margin call from OX but told me OX would not enforce the call per my previous post. Hopefully per Richard Rimes' post we are...

not saying that CBOE would know, just that they are regulating the brokers, and yes agreed-- your broker would know, not CBOE.

Has anybody heard about new pending CBOE rules requiring double margin for Iron Condors??? I heard OX will soon be requiring margin for both legs of an Iron Condor, not just one. They are issuing margin calls, however not enforcing yet. So if you had funds in your account to cover your...