SPX Credit Spread Trader

Quote from scntaxpro:

Anyone else have any May put spreads on the NDX? I have a 1625/1610 bull put spread, and I'm starting to get a little nervous.
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Weekly chart of the NDX is not too pretty, past few weeks have looked like its topped out. Maybe get a put debit spread on the MNX.
 
Quote from scntaxpro:

Anyone else have any May put spreads on the NDX? I have a 1625/1610 bull put spread, and I'm starting to get a little nervous.
More...

I have 1675/1650 may bull put on. lol, the weird thing is I think my 1825/1850 bear calls will get hit first and are more in jeopardy. I don't know why I'm so bullish, but I think the index trading down here is just noise until it moves higher.
 
Quote from scntaxpro:

Anyone else have any May put spreads on the NDX? I have a 1625/1610 bull put spread, and I'm starting to get a little nervous.
More...

Bull put spread here at 1625/1650

Just watching and waiting and letting theta drip.
Ready to pull the trigger to adjust when/if necessary, but currently chillin'
 
Do you want fries with that?



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Sorry for the delay in responding, I am still vomiting from the Maria pic someone stuck in a JA only thread. She makes me turn to watch Saved by the Bell re-runs..
 
Quote from RichardRimes:

coach or rally how about a chart....seems we are still in a very nice channel
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yea, the reason i havent posted any chart updates recently is because nothing has changed since the last time. I see nothing of any significance at this time.

EDIT: the only thing that bothers me is the fact that we have been pretty calm lately, calmer than ever before. With ranges so tight, the speed of the move, when we finally break, will be accelerated. Seen this happen many times before. I just dont know which way we will break, although my bias is down.

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