SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
Are you looking at doing anything today to protect your 1280/1270?
Quote from scienter:
Piccon,
Did you place any bull put's today? Could have probably got something decent in the 1270 to 1260's for a 3 day hold. I'm Still hanging tough on the 1280's....nice bounce at the end of the day
Actually not much today since I got busy in the morning and missed the break on the 8:30 move with the futures. Trying to jump in now would be difficult in picking the bottom to go long or picking the continuation to go short so I am basically watching the charts.
I think the ES is oversold on a daily chart so I went long the ES and gonna hold overnight a few days. I do not do large numbers on overnights so I can pull the trigger on a 5 point move lower from here.
I think the ES is oversold on a daily chart so I went long the ES and gonna hold overnight a few days. I do not do large numbers on overnights so I can pull the trigger on a 5 point move lower from here.
No put spreads but I am looking at a call diagonal (a la Murray) for Jun/Jul. I watched Dan Sheridan's video last night about adjustments to the upside of a diagonal so I am feeling a little more confident about putting them on. I really like the way Murray does them with little to no loss in the event of a black swan.
can you please direct me to the video thanks
No put spreads but I am looking at a call diagonal (a la Murray) for Jun/Jul. I watched Dan Sheridan's video last night about adjustments to the upside of a diagonal so I am feeling a little more confident about putting them on. I really like the way Murray does them with little to no loss in the event of a black swan
No put spreads but I am looking at a call diagonal (a la Murray) for Jun/Jul. I watched Dan Sheridan's video last night about adjustments to the upside of a diagonal so I am feeling a little more confident about putting them on. I really like the way Murray does them with little to no loss in the event of a black swan
The videos are on the CBOE website under Learning Center tab. Here is the link:
http://www.cboe.com/LearnCenter/webcast/archive.aspx
Dan is a little nutty but I thought he was really good.
Things got a little too hot for me today. Ended up selling the spread --covered approx. half the loss with my debit hedge and of course the call side of the IC. Still, wiped out 2 months of gains....just took a bit too much risk legging into the put side of the IC this month. Discipline is huge and I just jumped the gun on my stochastic confirmation this past week.
For JUN I'm still sitting at 1375/80 @ .5 AND
recently got 1240/35 filled @ .5
Are you still in your 1270 (or was it 1260?)
I was actually thinking a bit more about how you hedge. I like the idea of being proactive, e.g., buying SPY puts cheap when the underlying is in an OS condition in anticipation of a correction and then followed with a placement of a bull put. Have you had success with this on a regular basis? I imagine this type of hedge cuts bigger into your profits on months were you can't complete the IC...
For JUN I'm still sitting at 1375/80 @ .5 AND
recently got 1240/35 filled @ .5
Are you still in your 1270 (or was it 1260?)
I was actually thinking a bit more about how you hedge. I like the idea of being proactive, e.g., buying SPY puts cheap when the underlying is in an OS condition in anticipation of a correction and then followed with a placement of a bull put. Have you had success with this on a regular basis? I imagine this type of hedge cuts bigger into your profits on months were you can't complete the IC...