SPX Credit Spread Trader

Quote from Cache Landing:

I'm with coach. If we stay over 1295 on the pullback, I don't want to get run over by the bull stampede. It seems to me that everyone has really high hopes about keeping this growth going and yesterday's CPI showed the first signs of slowing inflation. That's why I'm starting to get a little nervous about my bear calls.

Besides that, puts have been bid up in price, so for the same distance OTM you can get a much better credit on a bull put right now. Oops... another validation for using the Ansbacher Index inadvertently sneaked into my post.
 
Quote from Cache Landing:

I lived in Korea for about 2 1/2 years. I speak the language very fluently but I will never be able to fit in over there. They just don't think the same way I do.

Fluent Korean after 2 1/2 years ? Wow, this is impressive. I met people in the US with very limited English after 20+ years of living.

Some people believe that fluency in an Asian language is a task for life.
 
This is very interesting. Please explain how their thinking is very dfferent from yours.

Quote from Cache Landing:

I lived in Korea for about 2 1/2 years. I speak the language very fluently but I will never be able to fit in over there. They just don't think the same way I do.
 
What is the Ansbacher Index saying about hte market right now?

Quote from Cache Landing:

Besides that, puts have been bid up in price, so for the same distance OTM you can get a much better credit on a bull put right now. Oops... another validation for using the Ansbacher Index inadvertently sneaked into my post.
 
Chris:

That's an interesting comment. I lived in Switzerland and felt the same way after my 3 years was up. Now after 15 years back in the US, I look back fondly at those times. My goal is to spend 3 to 6 months a year in Europe and the rest of the time on the West Coast. Trading options is good for this kind of life style.

Quote from ChrisM:

Well... it is not bad, but as I`ve been back here for 3 years now I feel that it`s time to go now.
 
Quote from andysmith:

What is the Ansbacher Index saying about hte market right now?

In general is contrarian. Puts normally should be more expensive and this is measured by put/call price ratio at the same distance from ATM.

This means that if puts IV is high and IV calls is low, prevailing opinion is bearish and public is mostly wrong i.e. market may move higher.
 
Quote from rdemyan:

Chris:

That's an interesting comment. I lived in Switzerland and felt the same way after my 3 years was up. Now after 15 years back in the US, I look back fondly at those times. My goal is to spend 3 to 6 months a year in Europe and the rest of the time on the West Coast. Trading options is good for this kind of life style.

Quote from ChrisM:

Well... it is not bad, but as I`ve been back here for 3 years now I feel that it`s time to go now.

Looks like all of us are working on the same issue :)
 
Quote from optioncoach:

You don't like JUMP! LOL....

Love the Jump, just was thinking Panama would get you focused on a move to the beautiful scenery down there someday.

I am waiting for a pull back and test of the 1295-1300 level (apparently next week, not going to happen today darn it) to make my bull put spread.

ryan
 
Yeah if we get any pullback I will grab the puts. Tried grabbing the 1370/1375 spreads for $0.25 but was too close to the mid to get filled so far.
 
Fluent Korean after 2 1/2 years ? Wow, this is impressive. I met people in the US with very limited English after 20+ years of living.

Some people believe that fluency in an Asian language is a task for life.

As far as learning the language, I think it all depends on what you are doing in the country, and whether or not learning the language is a necessity. Asian languages are a bit harder than latin based languages, but we Americans generally lean a little bit on the idea that many foreign countries teach English as a required subject in school. This allows us to get a round without speaking their language. I didn't have that luxury.

This is very interesting. Please explain how their thinking is very dfferent from yours.

As far as mindset, their schooling is much different from ours. I did a lot of service work for high schools and such. Their methods of teaching and learning are very different. We encourage free thinking and creativity. They encourage memorization and performance. Both have their ups and downs. But their country is like 99.something% pure korean. I was treated like a rock star everywhere I went. I couldn't just blend in like a normal person. I don't understand that mentality.
 
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