Calendar Spreads

Quote from nlslax:

Nice, 1:1 ratio.

Don't know why, but credit spreads cause me alot more angst than the long calendars do. And I have CTM calendars now on RUT & NDX.
:confused:
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I have found the same thing...since starting with options and doing a lot of spreads last year I've been moving much more into calendars and of course still with the otm spx credit spreads. Calendars give you more adjustment opportunities.
 
Quote from RichardRimes:

I have found the same thing...since starting with options and doing a lot of spreads last year I've been moving much more into calendars and of course still with the otm spx credit spreads. Calendars give you more adjustment opportunities.
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I try to stick with the European style indexes. Adds to my comfort level.
 
Quote from Eliot Hosewater:

Have you ever had an early exercise on an index?
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No, but I have held onto an ITM or close to the $ spread longer knowing early exercise wasn't an issue.

I'm open to suggestions... Do you think I should try something different or adjust the strategy?
 
Quote from RichardRimes:

actually sept 15's on the VIX are very interesting...selling a spread 15/12.5 (put) might get 1.25...hummmm
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So Rich I see you're trading the VIX? Sorry I was away for a couple of days I thought you were going to start paper.. But some of those premiums look too good to just watch I guess!

Also does anyone know where I can get historical VRO quotes? It states a 52 week high of 111.45... this seems quite odd as the VIX barely got above 20 in that time!?!
 
Quote from Prevail:

entered a double diagonal today.
short aug 1225px1335c strangle; long sep 1160px1370c strangle.for .2 debit.
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hey Prevail thanks for adding to this journal I'll be very interested in following this trade. I assume you did the same number of contracts?
 
Quote from pipepuller:

So Rich I see you're trading the VIX? Sorry I was away for a couple of days I thought you were going to start paper.. But some of those premiums look too good to just watch I guess!

Also does anyone know where I can get historical VRO quotes? It states a 52 week high of 111.45... this seems quite odd as the VIX barely got above 20 in that time!?!
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:p when it looks too good...I ended up just selling the single 15 for 1.30..but its tying up BP so if we have a couple of good down days I may close it if I can get %50 profit. I know TOS is coming out with historical IV's pretty soon..other than that ivolatility? or chartbenders?
 
Quote from RichardRimes:

hey Prevail thanks for adding to this journal I'll be very interested in following this trade. I assume you did the same number of contracts?
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edit. that is a really nice looking trade..yesterday with lite volume was a good day to do some spx spreads.
 
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