Yeah, I'm not done either. Why would I want to pay before I have to? 
SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
IV_Trader,
I'm trying to understand your spread sheet and have couple questions.
1. What does 30d strike column mean ?
Why do you choose 1000 ?
2. In 30d premium per straddle column, you put in $28 premium. Why isn't that number changed depends on IV ?
3. When you put 60d put strike and select 970. You minus 30 from 1000. Does that minum 30 come from $28 premium ?
Thanks,
Nick
I'm trying to understand your spread sheet and have couple questions.
1. What does 30d strike column mean ?
Why do you choose 1000 ?
2. In 30d premium per straddle column, you put in $28 premium. Why isn't that number changed depends on IV ?
3. When you put 60d put strike and select 970. You minus 30 from 1000. Does that minum 30 come from $28 premium ?
Thanks,
Nick
Well I managed to get a fill on the call side for may
STO May 1340/1350 Call spread for .90 giving me a total of $2.00
on May IC...still holding long 25 1215puts...
its a good thing I'm doing well on the spx...my calendar's are kinda sucky
STO May 1340/1350 Call spread for .90 giving me a total of $2.00
on May IC...still holding long 25 1215puts...
its a good thing I'm doing well on the spx...my calendar's are kinda sucky
Quote from DonnaV:
Well I managed to get a fill on the call side for may
STO May 1340/1350 Call spread for .90 giving me a total of $2.00
on May IC...still holding long 25 1215puts...
its a good thing I'm doing well on the spx...my calendar's are kinda sucky
Donna,
can`t believe it... this is exactly MY SPREAD ! I didn`t tell anybody.There must be some magic.
The rest is somewhat different though, so are the numbers.
Quote from DonnaV:
its a good thing I'm doing well on the spx...my calendar's are kinda sucky
Index calendars are tricky since they're so sensitive to the vol strip. Best to limit your long calendars to timed-trades in otm puts -- going long the otm put calendar when you're expecting a decline.
Risk,
Do you prefer to "specialize' in a couple different setups, or do you just look for the best situations regardless of the strategy?
Cache
Do you prefer to "specialize' in a couple different setups, or do you just look for the best situations regardless of the strategy?
Cache
actually not doing cal's on index but on equities...basically just learning...Your right even in equities I should have been more otm..I've been just slightly otm...
oh Chris I can't remember very well...my put side was 1.3 (I doubled checked) credit so total is $2.20
Donna, Nice move. I think you sold this just before the last woosh (SPX is now 1281). Am looking at 1330/1340 now... it is a bit closer than yours but I don't think a rally passed 1300 is in the cards any time soon.
Quote from DonnaV:
Well I managed to get a fill on the call side for may
STO May 1340/1350 Call spread for .90 giving me a total of $2.00
on May IC...still holding long 25 1215puts...
its a good thing I'm doing well on the spx...my calendar's are kinda sucky
this post is very informative - have enjoyed reading it