SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
Coach
So, you actually make more money when the underlying moves towards your short strike.This looks great way to trade. I will paper trade,maybe get a little bit closer.
So, you actually make more money when the underlying moves towards your short strike.This looks great way to trade. I will paper trade,maybe get a little bit closer.
Scoobie,
Just a word of caution - Elite Trader uses forum software from www.vbulletin.com .This software has built in algorithms (and bayesian network techniques) to detect those annoying spam bots. Alas, these things aren't always 100% accurate at differentiating between genuine users such as yourself and the nuisance spam bots. One of the filters checks to see if a given user ID posts more than 15 times in one day. If this is detected, the software flags that user ID as a probable bot which then usually results in automatic banning of the user by the software. It is a cumbersome and difficult task for the moderators to reinstate the user once this has happened. More than a few unsuspecting ET members have been caught out by this mechanism in the past so watch out! This information is in the "terms of use" that you agreed to when you signed up. Unfortunately, most people don't read them.
Re: ES spreads - suggest a little more research on this topic. The www.cme.com site has the answers you are looking for. I posted some information specifically on ES spreads not more than two weeks ago that might be of assistance.
Good luck!
MoMoney.
Just a word of caution - Elite Trader uses forum software from www.vbulletin.com .This software has built in algorithms (and bayesian network techniques) to detect those annoying spam bots. Alas, these things aren't always 100% accurate at differentiating between genuine users such as yourself and the nuisance spam bots. One of the filters checks to see if a given user ID posts more than 15 times in one day. If this is detected, the software flags that user ID as a probable bot which then usually results in automatic banning of the user by the software. It is a cumbersome and difficult task for the moderators to reinstate the user once this has happened. More than a few unsuspecting ET members have been caught out by this mechanism in the past so watch out! This information is in the "terms of use" that you agreed to when you signed up. Unfortunately, most people don't read them.
Re: ES spreads - suggest a little more research on this topic. The www.cme.com site has the answers you are looking for. I posted some information specifically on ES spreads not more than two weeks ago that might be of assistance.
Good luck!
MoMoney.
Quote from scoobie27:
Looks very adventurous. Must analyse. Good homework for me
It is a more interesting way to play the skew in the calls and IV drops on market rises.
SOme time ago I mentioned that I might be more inclined to do credit spreads only with puts and do ratio spreads with calls because of that. Even better is that the end of month ES options gives me some more choices to play with
SOme time ago I mentioned that I might be more inclined to do credit spreads only with puts and do ratio spreads with calls because of that. Even better is that the end of month ES options gives me some more choices to play with