SPX Credit Spread Trader

Black Swan, come on! When the market cracked in '87 the dow was at 2700 when it started, it came down about a 1000 points fast. Do the math, the market is over 11,000 now that would be 4000 points in todays points!
 
Quote from Cache Landing:

In retrospect it was a mistake that I'll try to avoid in the future.
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Starting a relationship with the close to expiry credit goddess could be a dangerous affair. Her cousin the upside gamma boy usually sneaks up on you when you least expect him. :D
 
Congrats, Coach on your first anniversary.

BTW: I hope you're not planning on leaving. Remember, we know where you live. :)

Quote from pismo10:

This thread is ONE year old today.......1100 pages....One of the best.
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Rally, you got it. Fat fingered an order today. Was looking at Jun OEX 575/580 Bull Put spread. Thought the credit was a little low, but entered the order. Then I noticed it was for MAY!!!

I'll wait until tomorrow to see if I need to roll the short 575 to 585.

Too fast on the trigger.
 
Quote from Crucis:

Rally, you got it. Fat fingered an order today. Was looking at Jun OEX 575/580 Bull Put spread. Thought the credit was a little low, but entered the order. Then I noticed it was for MAY!!!

I'll wait until tomorrow to see if I need to roll the short 575 to 585.

Too fast on the trigger.
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I am not a fan of chasing credits close to expiry. If there is one thing that i dont do, this is it.
 
Coach:
I have currently have a May 1245/1255 bull put spread. Do you think I will be safe. I do have a partial hedge. If the market opens lower tomorrow, I am thinking of closing the position or rolling the short side for a loss tomorrow. Any suggestions appreciated.
 
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