SPX Credit Spread Trader

El OchoCinco · May 4, 2006

Whoaaaaa, thank you so much for letting me know lol.. I did not know they had that there...

Quote from JimAlward:

Some one to tell me how to do it . I am not in the studio when I do the show so I do not know how or if they record it so anyone with experience with recording things to podcast?
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Just as an FYI:
Go to the http://www.washingtonbusinessradio.com/ Link and click on the 'Archive Programs' link that is on the left side of the page.

When the page displays the Archive Programs then click on ANY of the 'Show URL:' links in the center of the displayed page.

When the NEW page displays then scroll down to where you can see the 5 pm time slot. You will see several shows at the 5 pm time slot so RIGHT CLICK on the 'Coach Phil Show' link. This will display a popup menu from which you will select the entry that says 'Save Target As...' .

A dialog box will appear that indicates that 'File Download' will occur and the another dialog box will appear asking you to 'Save As'. The file name in the 'Save As' dialog will be 'MON-5pmShow.wma'.

I usually change the file name to something like 'Coach06-05-01.wma' and this way the shows won't overwrite each other and they will be in date order on the hard drive. The only thing you will have to remember is where on the hard drive you have stored the .wma file.

I use Windows Media Player 10.0 to play the files on my computer and I also transfer the .wma to my mp3 player and listen to the show as I drive to and from work.

The only problems I have found is that
1) The show only has 1 archive and it is over written after each Coach Phil show.
2) The last 5 to 10 minutes of the show is usually cut off the recording.

I would record the shows live if I didn't have to work.

I hope the information provided is helpful to someone.

Thank you everyone for the great information you have provided.

RichardRimes · May 4, 2006

Hi Cody ...can't seem to do anything right.....

I had a sex change and asked for two (extra large) brass balls to improve my trading

taking time off will post next week.

Quote from codyhopkins:

Hey Coach,

I have been following along since the begining. This has been great. Please keep it going. (Although I doubt even you could really stop it now!)

Thanx

PS what happened to Donna?

cnms2 · May 5, 2006

Has anybody tried TradeStation's OptionStation? How is it comparatively to TOS?
How's the TradeStation as brokerage for options trading: reliability, fills, customer service, ... ?

Quote from rdemyan:

The desktop version really is very good. I also have an OX account. When I have to use it now it is painful. With ToS desktop it is so easy and quick to place an order; no more stupid dot symbols to find and enter in. Plus when you call in, you deal with real traders who know the business. They've helped me get better fills a number of times.

That being said, the ToS web version is not nearly as good as OX. Like piccon, I can't use the ToS desktop at my clients location, but I can easily call in my orders or check on my orders. I then only use the web version to check if I was filled.

Also, I do remember when I first switched, I thought ToS was difficult and not intuitive. It does take some time, but now I feel that way about OX.

Cache Landing · May 5, 2006

Quote from RichardRimes:

Hi Cody ...can't seem to do anything right..... I had a sex change and asked for two (extra large) brass balls to improve my trading taking time off will post next week.

For a minute there I was starting to think that you secretly left on your super-yaght and didn't invite me along.

rbsanders · May 5, 2006

for your comments on brokers much appreciated

ryank · May 5, 2006

Quote from rbsanders:

for your comments on brokers much appreciated

All you need to know is thinkorswim.

piccon · May 5, 2006

Unfortunately, I don't see any excitement. TOS doesn't work for me. If you can use the Desktop version, ok go for it. Regarding the Web Version, no way.

I can't get the Desktop version to work at work so I am out.

I put 12000 in the account, that's all it will see.

MHO

Quote from ryank:

All you need to know is thinkorswim.

ryank · May 5, 2006

Quote from piccon:

Unfortunately, I don't see any excitement. TOS doesn't work for me. If you can use the Desktop version, ok go for it. Regarding the Web Version, no way.

I can't get the Desktop version to work at work so I am out.

I put 12000 in the account, that's all it will see.

MHO

I agree, TOS web version isn't very good at all.

El OchoCinco · May 5, 2006

Opened a new Diagonal today on the overhyped move higher:

Sold - 24 MAY 1345 Calls @ $1.50 ($3,600)
Bought +30 JUN 1385 Calls @ $1.05 $3,150

Net Credit = $450.

I will have to dig out the last post on my old positions and add these and update the others

El OchoCinco · May 5, 2006

MAY POSITIONS

-500 SPX MAY 1215/1225/1370/1380 Iron Condors @ $0.60

Credit = $30,000
Risk = $470,000
Return = 6.38%

VIX CALL HEDGES

Long 100 VIX MAY 20.00 Calls @ $0.20
Cost = $2,000

Long 50 VIX MAY 15.0 Calls @ $0.62
Cost = $3,100

DIAGONAL SPREADS

Sold - 24 MAY 1345 Calls @ $1.50 ($3,600)
Bought +30 JUN 1385 Calls @ $1.05 $3,150

Net Credit = $450