SPX Credit Spread Trader

Quote from bpatel11:

Andy

How did you got this for free of charge?. Ox website tells me that they will charge $24.95

Bharat

Now Available!

optionsXpress is proud to announce the GainsKeeper service is available at a cost of $24.95 per year1! Access this valuable tax information directly from your account, without any additional login required.

Start Using GainsKeeper
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If you trade significant volume with OX, Gainskeeper is free. I used it and it was free, (very slick & quick) - I'm not sure what the threshold is to get it free.
 
Quote from DonnaV:

good idea ryan...i'd been looking at puts but decided after your post look at calls...have an order in for 25 calls 1345/1355 for .70 but since its at mid prob won't get filled.
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The premium on the 1345/1355 is pretty good, really dries up after that though.

ryan
 
Took some time, but I finally got filled on the following:

May 1345/1355 SPX bear call at $0.65


Quote from ryank:

The premium on the 1345/1355 is pretty good, really dries up after that though.

ryan
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Maybe my skirt is on too tight but I am too yellow for MAY to grab the 1345s lol. My fear is we finally break 1311 and then we have room to run leading into MAY fed meeting. Not to say that 1345 is a bad strike at all but I am being a little risk adverse on the upside as I look for potential call spreads to roll into an IC for MAY.

I may grab some 1375/1385 for $0.15 just to finance my put hedges and bring my total credit back up since those strikes seem quite safe for now. We will see :)
 
Hey Donna,

I sas that you have your IRA at TOS, do you pay an annual fee? I just got my first IRA statement and they charged me an annual fee, I did not thinkl anyone charged that anymore!

Thanks

Cody
 
Yeah, I'll be looking to buy a SPY hedge here on the next down day.

I'm currently trying to unload my existing May 1370/1385 bear call for $0.10 for a nice tidy profit. No takers yet, unless you're in a giving mood. :)

Actually, that brings up an interesting question. Is it possible to specify a trade between two individuals. Probably not with electronic trading but the SPX uses humans so I'm just wondering.

Quote from optioncoach:

Maybe my skirt is on too tight but I am too yellow for MAY to grab the 1345s lol. My fear is we finally break 1311 and then we have room to run leading into MAY fed meeting. Not to say that 1345 is a bad strike at all but I am being a little risk adverse on the upside as I look for potential call spreads to roll into an IC for MAY.

I may grab some 1375/1385 for $0.15 just to finance my put hedges and bring my total credit back up since those strikes seem quite safe for now. We will see :)
More...
 
Quote from codyhopkins:

Hey Donna,

I sas that you have your IRA at TOS, do you pay an annual fee? I just got my first IRA statement and they charged me an annual fee, I did not thinkl anyone charged that anymore!

Thanks

Cody
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yes..my husband complained but everyone chgs. IRA fee
 
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