With 7 weeks to expiration, earnings season, another fed meeting, and the SPX hitting its resistance point after a 7 point gap up, don't you think u r somewhat going on a leap with this one? If 1310 resistance fails, and we get some positive earnings we can easily get to 1340-1350 in no time(before apr is over) as there isnt much resistance above 1310.
SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
With 7 weeks to expiration, earnings season, another fed meeting, and the SPX hitting its resistance point after a 7 point gap up, don't you think u r somewhat going on a leap with this one? If 1310 resistance fails, and we get some positive earnings we can easily get to 1340-1350 in no time(before apr is over) as there isnt much resistance above 1310.
Well I moved a chunk of money there but still have my retail mixed account going. The only downside I see right now is the software they set me up with is inferior to OX or ToS so I have to change that. No spread orders which is silly. I will keep you updated. I am trading from my office right now remote and that works out fine 
Thanks Coach,
I think we are all interested in how this works out for you (I know that I am!)
Of course we are also a little nervous you will abandon all your pupils now that your are busy!
I think we are all interested in how this works out for you (I know that I am!)
Of course we are also a little nervous you will abandon all your pupils now that your are busy!
Maybe, we'll have to see. I think I have a reasonable cushion and because it's a bear call I can see trouble coming and adjust or get out of the way (unlike the 'black swan' event). I've been successful these past three months (although April is still not over) with bear calls; hopefully, my 'luck' won't run out.
You should call TOS. They have their instutional platform called Liquid. They charge a per contract commish (don't know what it is) and can connect to most any brokers.
Quote from optioncoach:
Well I moved a chunk of money there but still have my retail mixed account going. The only downside I see right now is the software they set me up with is inferior to OX or ToS so I have to change that. No spread orders which is silly. I will keep you updated. I am trading from my office right now remote and that works out fine
Me too! lol. I basically have my hands full right now so I put the idea on the back burner. The only conclusion I came up with is that teh SPX is a lousy vehicle to test that strategy since the b/a spreads make it hard to sell off the babies individually. I am looking to do it on GOOG if I get a chance in the next week or so.
Nah.... LOL
I actually do not have any call spread positions except the diagonal ratio call spread and no need to hedge that.
Sorry this one was not me. At around 3:40PM, the market made a huge dip. Although the price action today looks bad, at least it is still an up day lol
I actually do not have any call spread positions except the diagonal ratio call spread and no need to hedge that.
Sorry this one was not me. At around 3:40PM, the market made a huge dip. Although the price action today looks bad, at least it is still an up day lol
Am i seeing things or did the SPX really close only up 3 points? I guess people woke up after they had their lunch and said wait a sec, why in the hell are we gapping up and rallying when nothing has changed since the fed raised rates and we sold this puppy off.
I hope some people over here made some good money over these wild swings the last few days as i didnt make anything but some time decay on my spreads.
I hope some people over here made some good money over these wild swings the last few days as i didnt make anything but some time decay on my spreads.