SPX Credit Spread Trader

ryank · Nov 16, 2005

Quote from piccon:

I am talking about NOV and yesterday I grabed 0.50 for the 1210/1195. I do have the DEC 1225 PUT.

If the trade works out that is a 3.3% gain on margin for a 3 day trade. Not too shabby! I like to get at least that much when I put my positions on with 30 days or less to go.

ryan

rdemyan · Nov 16, 2005

Just so you know, the SET can on occassion (not very often) finish 5 to 10 points or so different from the close on the SPX the Thursday before. To the best of my knowledge the last time this happened was in June of this year where the SET was, I believe, over 10 points higher than the closing price of the SPX.

Coach knows more about this than I do and will hopefully add to my comments.

Quote from piccon:

At what time on Friday the SET data becomes available?

piccon · Nov 16, 2005

I want it to finish higher than Thursday SPX close

Quote from rdemyan:

Just so you know, the SET can on occassion (not very often) finish 5 to 10 points or so different from the close on the SPX the Thursday before. To the best of my knowledge the last time this happened was in June of this year where the SET was, I believe, over 10 points higher than the closing price of the SPX.

Coach knows more about this than I do and will hopefully add to my comments.

burrben · Nov 16, 2005

If your interested I found a nice spreadsheet with historical's for the SPX and OEX. I'm not all that sure how to use it yet, but it looks interesting.

I downloaded it free from http://www.optionsrez.com/

Please comment on it's usefullness.

andysmith · Nov 16, 2005

Does anyone here look at market internals? I do and I'm having a hard time believing that this "end of year" rally will continue because the Advance/Decline line has diverged from the index and the 52-wk high/low tells the same story.

El OchoCinco · Nov 16, 2005

The rally certainly has not really started yet since there is some weakness behind this move. The SPX hit resistance and bounced back and will most likely be flat through Thanksgiving.

Quote from andysmith:

Does anyone here look at market internals? I do and I'm having a hard time believing that this "end of year" rally will continue because the Advance/Decline line has diverged from the index and the 52-wk high/low tells the same story.

Sailing · Nov 16, 2005

Andy,

You may find these automated chart updates of the market of interest. I visit them weekly.... they really help take the emotion out of the decisions.

http://www.investorshub.com/boards/read_msg.asp?message_id=475132

http://www.investorshub.com/boards/read_msg.asp?message_id=504004

http://www.investorshub.com/boards/read_msg.asp?message_id=481444

http://www.investorshub.com/boards/read_msg.asp?message_id=475119

http://www.investorshub.com/boards/read_msg.asp?message_id=534661

http://www.investorshub.com/boards/read_msg.asp?message_id=483691

http://www.investorshub.com/boards/read_msg.asp?message_id=475463

There are others.... but these I check often. I especially like the sector analysis... makes for great EFT selections.

I have these sites all marked in my SpeedResearch software under a multi-tab link. Brings them all up with one click of the button.... what a wonderful software program.

Enjoy,

Murray

RichardRimes · Nov 16, 2005

call it women's "intuition"..actually I decided to play the (non) volatility of this month in part because these message boards have been so quiet

thats the best indicator of volatility out there. I'm still holding on...if spx gets within 5 pts of either short (1220 put or 1245 call) in the last couple of hours tomorrow, I'll close out the offending contract

Quote from momoneythansens:

lol yes, your IC is looking pretty solid right now. Good call.

gatorplease · Nov 16, 2005

Where are you getting your Adv/Decl info from. I've been looking all over for that, but can't find it.

Quote from andysmith:

Does anyone here look at market internals? I do and I'm having a hard time believing that this "end of year" rally will continue because the Advance/Decline line has diverged from the index and the 52-wk high/low tells the same story.

andysmith · Nov 16, 2005

Thanks Murray! I'll take a look.

Quote from Sailing:

Andy,

You may find these automated chart updates of the market of interest. I visit them weekly.... they really help take the emotion out of the decisions.

http://www.investorshub.com/boards/read_msg.asp?message_id=475132

http://www.investorshub.com/boards/read_msg.asp?message_id=504004

http://www.investorshub.com/boards/read_msg.asp?message_id=481444

http://www.investorshub.com/boards/read_msg.asp?message_id=475119

http://www.investorshub.com/boards/read_msg.asp?message_id=534661

http://www.investorshub.com/boards/read_msg.asp?message_id=483691

http://www.investorshub.com/boards/read_msg.asp?message_id=475463

There are others.... but these I check often. I especially like the sector analysis... makes for great EFT selections.

I have these sites all marked in my SpeedResearch software under a multi-tab link. Brings them all up with one click of the button.... what a wonderful software program.

Enjoy,

Murray

SPX Credit Spread Trader

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