SPX Credit Spread Trader

For the weekend:


J.Alba50.jpg
 
Hard to say if that is real to Photoshopped cause I saw that on one of those websites claiming to have nude pics of famous peeps. Since JA told me she would not do Playboy even, I kind of doubt the veracity of the pic :(. Nice to dream though...
 
Quote from ryank:

Rallymode,

We are hitting the top of the current channel but we are 6 weeks out from June expiration, too early for one of your close to the money spreads isn't it?
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Yes, it's too early for June. Besides, now that my may 1335 short is closing in, i am in no rush to open a june position unless its a part of an adjustment.

I played the last pop with debit spreads, this time i am going a lil more aggressive.

Short ES 1330.50, target 1315/stop 1335.
 
I currently have June 1375/1385 and 1375/1390 bear calls.

I decided to look at some additional positions further out. So I looked at the 1385/1395 and 1390/1400.

I almost placed an order and then, fortunately, remembered that I had walked into this trap before. Placing either order would cancel out my existing long position leaving me with a spread of either 20 or 25 points in width. Which is not what I want.

Is there a way for me to do this. What I'm thinking that I want is the existing 1375/1390 bear call and a 1390/1400 bear call. The problem is that the 1390's would cancel out leaving me with the 25 point spread.
 
Quote from Crucis:

Thanks, Rally.

I do SPX & OEX credit spreads & ICs. Don't know enough about futures to risk my hard-earned$$.

Crucis
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Futures are good for the leverage they provide, but with that comes greater risk. Unless you understand those risks, staying away is a good idea.
 
I just added futures trading to my ToS account. However, I have no intention of actually trading futures at this time. I'm going to use the "paper trading" area until I'm thoroughly convinced that I know what I'm doing and that this is something I want to trade. I'm in no hurry and at this point, don't really care if I ever trade futures for real or not.

Quote from rallymode:

Futures are good for the leverage they provide, but with that comes greater risk. Unless you understand those risks, staying away is a good idea.
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