SPX Credit Spread Trader

Can you tell me where I can go to find the 1340/11345 for 1.50 credit 5 days ago?

I haven't been able to find it.



Quote from rallymode:

there were no big options concepts in what i said :D

it was simple math, i said that you could've gotten a 5 point spread for almost the same credit at that same strike 5 days ago. You are one week closer but your risk is cut in half, how is that not better?

all i am saying is that you guys need to optimize your entries and you can only do that if you divorce yourselves from this love relationships with the credit "collected". If you do that your system will become much more consistent and as time goes by you will even smoothen out the ROM curve.
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Quote from piccon:

Rally,


At that time I wasn't ready to enter any trade at all. Today is Friday and I felt bored and wanted to throw this trade.

If I wanted to go full wave, I would have probably done 50 contracts not just 10. Just testing the water. I am still bearish but cocious.

Point well taken though.
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If you are bearish then whats the problem with getting into bear call spreads?

Here is my question to you though, you say last week you werent ready, this week you are. What has changed?
 
Quote from piccon:

Can you tell me where I can go to find the 1340/11345 for 1.50 credit 5 days ago?

I haven't been able to find it.
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I got filled on the 1335/1340 at $1.6. The 1440/1445 had mid point of $1.3 at that same time, but i chose the 1335/1340 instead. Market rallied a few more points after i was filled so you could've picked it up at around $1.3-1.4. If you legged in probably even better.
 
Quote from optioncoach:

Oh well, went long some ES in the morning and short before lunch and that gave me my action for the day.

Then was out enjoying the beautiful weather!
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i guess you were the one who took my es day trade money today, you devil :eek:
 
> Jun 1360/1380 call
>
> 1260/1230 put
>
> Sold spread today for 470.

Assuming 10 contracts, your margin is $30K on this. Your yield if everying goes perfect is 16%. But you are within a standard deviation on your calls and puts. This would not be considered FOMC.

This is something I'm looking at, but not till next week:
June 1370/1375 C and 1250/1245 P for a credit of .80... Yield is 15% if expires worthless.

We'll see if the MM's will give it to me.

Hi OptionCoach! Been reading your thread for 8 months, really enjoy it.

frisbeeca
 
Waiting for confirmation from SPX indicators. Today was just the first step getting myself into it.

If I was trading OEX this month, My indicators tell me to sell Bear
Calls right now. But I don't want to.

Quote from rallymode:

If you are bearish then whats the problem with getting into bear call spreads?

Here is my question to you though, you say last week you werent ready, this week you are. What has changed?
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Quote from frisbeeca:



This is something I'm looking at, but not till next week:
June 1370/1375 C and 1250/1245 P for a credit of .80... Yield is 15% if expires worthless.
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the call side has a mid of .10, the put side has a mid of .20. Please tell me how do you expect to get that IC for .80 next week?
 
> Quote from frisbeeca:
>
> This is something I'm looking at, but not till next week:
> June 1370/1375 C and 1250/1245 P for a credit of .80... Yield is > 15% if expires worthless.
> --------------------------------------------------------------------------------
> the call side has a mid of .10, the put side has a mid of .20.
> Please tell me how do you expect to get that IC for .80 next
> week?

Well I will probably have to cave to .70, but from past experience I'll probably get .40 on the puts and .30 on the calls being out 45+ days... When I put it on, I'll let you know what I receive for fills. If I can't get .70 for it, I won't put it on.
 
I suspect Rally was looking at the May options whereas fris is looking at June options.

Quote from frisbeeca:

> Quote from frisbeeca:
>
> This is something I'm looking at, but not till next week:
> June 1370/1375 C and 1250/1245 P for a credit of .80... Yield is > 15% if expires worthless.
> --------------------------------------------------------------------------------
> the call side has a mid of .10, the put side has a mid of .20.
> Please tell me how do you expect to get that IC for .80 next
> week?

Well I will probably have to cave to .70, but from past experience I'll probably get .40 on the puts and .30 on the calls being out 45+ days... When I put it on, I'll let you know what I receive for fills. If I can't get .70 for it, I won't put it on.
More...
 
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