SPX Credit Spread Trader

Coach,

Anything new happening in the world of PROP margin? I would love the hear what direction and where your thoughts have been lately?

Thanks
 
Quote from optioncoach:

I had an order for 100 APR SPX 1165/1175 Put Spreads @ $0.50 that has just sat all day. B/a was higher when I placed the order, but it has shrunk some so a fill is unlikely. I would love to grab strikes below 1200 on the put side for added safety cushion. No fills today though but plenty of time.
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Coach,

any specific defense strategy if market drops down ?
(Not asking for details, but general idea).

I am asking this question because I was doing far OTMs some time ago.
 
No defense strategy yet. If I get filled on 1185 or 1175, I still have plenty of support points and a cushion. I would not start getting worried unless the market get below 1230 or so...

Quote from ChrisM:

Coach,

any specific defense strategy if market drops down ?
(Not asking for details, but general idea).

I am asking this question because I was doing far OTMs some time ago.
More...
 
Has anyone been to a John F. Summa, OptionsNerd.com, seminar?

He is presenting in Chicago... and most of his day long seminar is about credit spreads using the S&P500, futures on the S&P500, options on the S&P500 futures, along with other credit strategies involving a combination of these trading vehicles.

A complete agenda list of his topics, which I find interesting, are available at this address:

http://www.optionsnerd.com/OptionsNerdSemOutline.htm

Some of the topics sound very interesting and unique. He will also be also covering hedges, risk managment, Combo diagonals involving VEGA, THETA, and DELTA.

Coach... this may be of interest, just as a comparison and/or sharing of ideas.


Anyone been to his seminar before?

Murray
 
I pick you to go and report back to us! Sounds interesting and always interested in hearing someone give their perspective on the same strategy. Afterall, my way is not a right or wrong way, just ONE way to do this.

P.S. will keep you updated on prop progress. I will be switching over in a few weeks and will hopefully add some ES option spreads as well.

Quote from Sailing:

Has anyone been to a John F. Summa, OptionsNerd.com, seminar?

He is presenting in Chicago... and most of his day long seminar is about credit spreads using the S&P500, futures on the S&P500, options on the S&P500 futures, along with other credit strategies involving a combination of these trading vehicles.

A complete agenda list of his topics, which I find interesting, are available at this address:

http://www.optionsnerd.com/OptionsNerdSemOutline.htm

Some of the topics sound very interesting and unique. He will also be also covering hedges, risk managment, Combo diagonals involving VEGA, THETA, and DELTA.

Coach... this may be of interest, just as a comparison and/or sharing of ideas.


Anyone been to his seminar before?

Murray
More...
 
Quote from optioncoach:

I would not start getting worried unless the market get below 1230 or so...
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And then ?

What if we had two brutal days like in October 05 ?
 
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