SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
STO 50 May 1225P credit $3.80
debated holding my long's (1215) over the weekend but decided to sell partial...keeping 25 contracts avail to sell next week. Enjoy the weekend everyone!
debated holding my long's (1215) over the weekend but decided to sell partial...keeping 25 contracts avail to sell next week. Enjoy the weekend everyone!
Nice trade Donna
Not just nice, but great for a FOTM credit spread.
It seems like from your posts that you've been making good money legging into these spreads over the last few months.
It can be a risky strategy but you seem to have handled it well. Is that your take, and, if so, do you credit that woman, I forget her name, whose analysis you follow? Or is this just another example of the power of women's intuition.
It seems like from your posts that you've been making good money legging into these spreads over the last few months.
It can be a risky strategy but you seem to have handled it well. Is that your take, and, if so, do you credit that woman, I forget her name, whose analysis you follow? Or is this just another example of the power of women's intuition.
Quote from Cache Landing:
Nice trade Donna
Quote from rdemyan:
Not just nice, but great for a FOTM credit spread.
It seems like from your posts that you've been making good money legging into these spreads over the last few months.
It can be a risky strategy but you seem to have handled it well. Is that your take, and, if so, do you credit that woman, I forget her name, whose analysis you follow? Or is this just another example of the power of women's intuition.
thanks guys...I have had good success and yes I give a lot of credit to Helene Meisler...however the past several months have been pretty easy compared to some of the wild swings we had last year. I also keep my ear to the ground..look at Coach's and others charts..Kent's diNapoli levels etc. I'm really trying not to nail the top or bottom because no one can do it consistently, but thats the beauty of FOTM you don't have to.
Donna,
Good trade. I am a newbie and have been having difficulty placing my trades at the prices I want with the large spreads on the SPX. I would also like to leg into my trades but I realized it takes more monitoring that just placing a spread order.
I would like to find out more information about Helen Meisler and DiNapoli levels. Thanks for any info. you can provide.
Good trade. I am a newbie and have been having difficulty placing my trades at the prices I want with the large spreads on the SPX. I would also like to leg into my trades but I realized it takes more monitoring that just placing a spread order.
I would like to find out more information about Helen Meisler and DiNapoli levels. Thanks for any info. you can provide.