SPX Credit Spread Trader

Seems like just when you can't see the market moving higher.... it moves dramatically higher....

Hope some of you are playing with the diagonals this month!

M~
 
When is the next Fed meeting?

Quote from Sailing:

Seems like just when you can't see the market moving higher.... it moves dramatically higher....

Hope some of you are playing with the diagonals this month!

M~
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Quote from rallymode:

Notice how each time we get less of an effect, pretty soon market wont care. I think the may meeting will be a key point in determing just how soon will that end come. Even if they stopped here, i just cant see this market going much higher.
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Rally,

The SPX is approaching the top part of the channel again, another up day tomorrow and we will be there. Are you looking at the possibility of a June call position (5 point spread) or is it too early for you?
 
Quote from scntaxpro:

Do any of you guys/gals sell credit spreads on individual stocks? or do you stick mainly to index options?
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i do, but thats another topic, for credit spreads on individual stocks you should look at cache's thread called "vertical spreads for aggressive growth"
 
Quote from ryank:

Rally,

The SPX is approaching the top part of the channel again, another up day tomorrow and we will be there. Are you looking at the possibility of a June call position (5 point spread) or is it too early for you?
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June is too early for me. As i said earlier, if this was the first time the SPX reached the resistance and i didnt already have a may position, today or perhaps tomorrow(with a favorable GDP report) would be a good time for may positions. I am not even thinking about june just yet. I try to stick to my 4-5 weeks window, sometimes i shorten it to a min of 3 weeks but i never widen it.

I am doing some other SPX speculative trades in my other account but those are pretty aggressive. Also, i may do another debit spread if the SPX hits 1320.
 
The MMs don't like me. I am still at 100% cash waiting for them to bite and they don't seem to like my money.

I am looking at anything above 1335 as short but so far they don't want to dance. cash is still good

Wait for GDP tomorrow.
 
Does anyone know of a good website for finding out when upcoming economic events, like GDP numbers, housing starts, fed numbers, etc., will occur. I need to start considering these types of announcements/events more when timing my entries.


Thanks.

Quote from piccon:

The MMs don't like me. I am still at 100% cash waiting for them to bite and they don't seem to like my money.

I am looking at anything above 1335 as short but so far they don't want to dance. cash is still good

Wait for GDP tomorrow.
More...
 
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