SPX Credit Spread Trader

[burrben]

Too bad, it was a nice balance to the board, 500 dudes, and one woman.

Quote from Maverick74:

Actually, I PMed her and I'm not so sure she is doing OK. I don't want to go into details here. I wish her the best regardless. She is taking some time off after a nasty hit. At least she has her health.

 

[ryank]

Quote from Cache Landing:

That's what I like to see... a little late day rally. hopefully we will get back up around 1280 relatively quickly so that I can temp the MMs again.

With such a relatively short amount of time to June expiration would you be going with June of July options?

 

[jackbyrd]

Might I inquire how all the passengers have fared during this latest patch of turbulence?

It seems rather muted here lately.

Good day.

 

[Cache Landing]

Quote from ryank:

With such a relatively short amount of time to June expiration would you be going with June of July options?

Actually I was referring to some JUN b-flies that I already have. A few days ago when we reached 1280 I had an order in to buy back the bull put side of the b-fly. No takers, and I was disappointed to see that SPX dropped 20-points the following day. I still see resistance at 1280, and then again at 1290-ish. This time however, I don't think there will be a huge drop the next day, so the opportunity might have passed me by.

On a different note, I've been saying 1245-1280 until June 14 for a while now. Just haven't decided if 2 weeks worth of theta is enough, given that there will likely be an increase in vols.

 

[Cache Landing]

Quote from jackbyrd:

Might I inquire how all the passengers have fared during this latest patch of turbulence?

It seems rather muted here lately.

Good day.

I've done well on the SPX trades that I've made, but I didn't commit as much capital as last month.

 

[El OchoCinco]

I do not think it has been muted at all. As for me, MAY and potentially JUN are my biggest months since last July 2005.

 

[rallymode]

Quote from jackbyrd:

Might I inquire how all the passengers have fared during this latest patch of turbulence?

It seems rather muted here lately.

Good day.

best 6 months in 6 years, though i dont go FOTM

 

[Cache Landing]

rally,

You still waiting for 1295?

 

[El OchoCinco]

These markets are making me THIRSTY!

 

[rallymode]

Quote from Cache Landing:

rally,

You still waiting for 1295?

ehh, i am just chilling right now and playing with the ES, not looking to open any SPX positions until we hit 1295-1300 or 1245-1250. Which way we go at this point is a flip of a coin as far as i am concerned. I still have some june 127/129/131 SPY FLYs which i'd love to get $1 out of.