SPX Credit Spread Trader

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MoMoney.

Quote from rdemyan:

I recommend that as you find information on your travails through the journal that you cut and paste it into a word document so that you can quickly reference it later.
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Quote from Aardvark:

You did better than I did:( Trying to leg in I bought the 1370 at .55 then when the mkt turned around very late in the day sold the 1355's at 1.15 for only a .60 credit. Nice trade! actually I THOUGHT I was selling the 1360's:eek:
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posted on the 16th

Hey Ryan this is what I did with the 1370's to update my calls:

BTO 1370 @ .55
STO 1355@1.15 on 5/15 or 16

5/17 BTO1360 @.50
5/19 BTO1340 @.90

5/23 BTC 1355 @ .15 (rather than close the spread it was just as cheap to buy back just the shorts)

5/24 rolled 1360 to 1340 debt .25
so now I have 2X 1240's for a debt of 1.15 but did pocket a small credit of .45

so with a debt of .70 I'm the proud owner of 1 lot of 1370's and 2X 1340's

so today I'm looking to sell spreads to at least BE on the call side :confused:
 
It's fun to watch the air gets sucked out of those fat put premiums. With the vix collapsing, the MM's are pricing these babies like it's Tuesday already. Anyone net short put premium must've loved the last 3 days.
 
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