SPX Credit Spread Trader

Quote from ryank:

I'm just pulling this info from TOS at the moment:

June
1 sigma = 1224/1299
2 sigma = 1190/1337

July
1 sigma = 1194/1335
2 sigma = 1130/1409
vol = 18.14%

You can also do a rough calculation by taking the ATM strangle for 1 sigma, doubling it to get 2 sigma.
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Can you tell me where on the TOS software you are pulling this, I have TOS

Thanx for your help!
 
Quote from codyhopkins:

Can you tell me where on the TOS software you are pulling this, I have TOS

Thanx for your help!
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Go to the analyze tab, then click on the Probability Tab towards the middle of the screen. You change sigmas in the prob range box.
 
Rally
Are those June or July, seems a bit aggresive do to the fact that the dow just broke thye neckline in a head and shoulders pattern
 
Quote from ready:

Rally
Are those June or July, seems a bit aggresive do to the fact that the dow just broke thye neckline in a head and shoulders pattern
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June, its purely a very short term directional bet, will close on the bounce when the volty collapses. The dow is of little concern to me. I hardly even watch that thing. Besides, i had teh same spread for $1.2 2 weeks ago, i dont see how today is any worse than two weeks ago.
 
Quote from rallymode:

June, its purely a very short term directional bet, will close on the bounce when the volty collapses. The dow is of little concern to me. I hardly even watch that thing. Besides, i had teh same spread for $1.2 2 weeks ago, i dont see how today is any worse than two weeks ago.
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Agreed. DJX isn't very useful in directional forecasting.

I also like your position. 1245 is still the strong support line for me. I've been toying with the idea of balancing out that unbalanced IC I've got.

[edit] also I'm expecting a move back up towards 1280 by next Tuesday accompanied by a >200bp drop in vols.
 
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