SPX Credit Spread Trader

[cdowis]

I see a 1295/1325 channel. I see 1325 going from resistence to support.

A few questions on open positions I hold today:

Would I open that as a new position today?

Would I prefer to be long or short that position? (If I were long/short, would I be worried.)

Finally, do I feel comfortable stepping in front of a bulldozer to pick up a dime/dollar?

 

[ready]

Hello
I am A newbie Follow every day

 

[Arb Under Par]

Quote from ready:

Hello
I am A newbie Follow every day

You are clearly not connecting the dots. We'll try not to jump on you for being a newb.

 

[momoneythansens]

LMAO. Wonder who it could be. Someone has too much time on their hands

Quote from ready:

Hello
I am A newbie Follow every day

 

[piccon]

Beautiful channel. My position is at the bottom of that channel

Quote from ready:

Hello
I am A newbie Follow every day

 

[ready]

The market is so dead, Thought it might be funny.

 

[El OchoCinco]

Actually I rode that channel a few times, going long at the bottom and then watching it on top.... I tried to stay in the position as long as I could before the breakout and then simply covered and looked for an entry later on when I was refreshed..

 

[ready]

Hey Coach
Very nice analysis

 

[nlslax]

Quote from optioncoach:

Actually I rode that channel a few times, going long at the bottom and then watching it on top.... I tried to stay in the position as long as I could before the breakout and then simply covered and looked for an entry later on when I was refreshed..

Now I know why Donna is avoiding us...

 

[cdowis]

Jun 1380/1360 call
1230/1260 put credit spread in SP.

Market looking bullish, so considering move the 1260 to 1280 put before Wed.