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Mech, I have the same experience with TOS and IB. If I set up a trade and take the (mid-)price that the TOS platform gives me for a spread and enter that at IB, I mostly get immediate fills. I find that very curious! Do you have an explanation for that? gis

Seems like I am on a run, writing here. It is not quite the right topic, but maybe the Coach will answer in short nevertheless. I was long a Goldman Sachs Jan08 210 put and short the August 200 put, when GS was around 208, now with this drop, I just sold the 210 Jan put and bought the 200...

No, and I think that is what the Coach is saying. Although there are many ways to repair trades, credit spread are hard to do something about once they go bad. It is different with debit spreads. The exception is what the Coach just posted to me. Another possibility would be to use Futures...

thanks ever so much Coach, will do lots of mental gymnastics over the weekend!!! gis

Thanks for that coach!!! I bought your book to mostly learn something about repairing credit spreads gone wrong and was obviously a bit disappointed. However, the whole mental gymnastics I had to do to understand some of the other things was worth buying it. You wrote: Also look at doing...

Drofman, lucky you. I am sitting on several RUT 760/750 put credit spreads for August. But it looks like next week will be up and then I am out. gis

okay, some weeks back I sold a call credit spread on the RUT sold July 870 for a credit of 520 and bought July 880 for a debit of 345 so I had a credit of 175 bucks. Right now the RUT is at 853 and actually I don't need to worry just yet, I am simply cautious. Now currently I could...

Well, sorry if I was not precise enough. What I had in mind was that if my forecast is now saying that the SPX will even go above my long strike, then instead of buying back that credit spread for a loss, would it not be possible to reduce the loss by doing a box. I have looked at the numbers...

Hi, I have been trading some credit spreads and Iron Condors and have been thinking about what to do if one of the I-C spreads gets close to trouble. Let's say I got a 1500/1510/1600/1610 I-C and one week before expiration the SPX is at 1585 or 1590. So instead of taking the call side off...

could someone please explain to me what SET means or is? many thanks, gis

Hello, I've been thinking that instead of doing a covered call on SUNW, I might as well go naked. Now when buying shares (and call or no call, does not matter much here) and they go down, I can average down. The same I can do with puts if I am not mistaken, right? So SUNW closed today at...