SPX Credit Spread Trader

Quote from optioncoach:

GOOD NEWS! (no not baby news, not yet).

Since you are all my online friends/family in a dysfunctional way I wanted to share my recent news. I officially gave notice and in about 6 - 8 weeks, will leave the legal profession for good and trade full-time from home and manage money. For those who think this is easy, it has taken a few years to get to this level and the real work is actual starting so we shall see :D
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I am sure you are excited and look forward to the day you wake up and know you got nothing else on your mind but how to trade. I wish you much success in your endeavor.
 
Yeah still doing radio, just missed the past two weeks due to attending to mommie to be. Should be back on this Monday. Been trying to finalize sponsorship deal with Thinkorswim but those guys are always working lol.

Looking forward to trading from home HQ! Frickin work kept getting in the way :D
 
Quote from optioncoach:

GOOD NEWS! (no not baby news, not yet).

Since you are all my online friends/family in a dysfunctional way I wanted to share my recent news. I officially gave notice and in about 6 - 8 weeks, will leave the legal profession for good and trade full-time from home and manage money. For those who think this is easy, it has taken a few years to get to this level and the real work is actual starting so we shall see :D
More...

Not to get too far O.T. but I was just wondering what kind of outfit you're planning on running. Little home based IA, MM, FP, or something?
 
Basically I will work out of home and the two accounts I manage have my money intertwined with it and some silent partners so I can manage and trade everything without registering or formalizing a fund (apart from Series 7 for prop). Makes it nice and simple and neat. For example, if you and Rally :D pooled your money and he managed it, it would not be a formal fund or require registered advisor licenses. I did that with a few people to keep it informal and small while pooling money.


Quote from Cache Landing:

Not to get too far O.T. but I was just wondering what kind of outfit you're planning on running. Little home based IA, MM, FP, or something?
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Quote from Cache Landing:

Anybody get filled close to the top. I was scratching and clawing, but still nothing.:mad:
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I got an OEX JUL 610/620C filled @ 1.15. My SPX JUL 1310/1320C still open.
 
JUNE POSITIONS

Sold 225 SPX JUN 1140/1160 Put Spreads @ $0.75
Sold 225 SPX JUN 1330/1350 Call Spreads @ $0.15

Credit = $20,250
Risk = $429,750
Return = 4.71%

+ 200 SPY JUN $133 Calls @ $0.05 for $1,000
 
Coach
good to hear the news. I got some comfort in knowing lot of people thinking this way. I did the same thing on Dec 2005.I quit my job and started on this great journey.My house is paid off and i have enough money in interest bearing fund(overseas) to take care off monthly expenses.I started a C-corp with a partner and am managing the trades. I am 32 and i hope by the time i am 35, i will be financially very well off.

Anyways, i want thank you for giving courage and sharing knowledge.lets change the world one person at a time...
 
Quote from optioncoach:

For example, if you and Rally :D pooled your money and he managed it, it would not be a formal fund or require registered advisor licenses.
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What a novel idea! LOL:D

Already havea couple silent partners, sorry Rally.

Coach,
Do you operate under and LLC?
 
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