SPX Credit Spread Trader

Quote from Maverick74:

Haircuts are calculated daily. So yes, like span, they change as the underlying moves up and down and as times goes by. The problem with span is that the margin levels themselves can change and quite dramatically around volatile events or volatile markets. They can double or triple overnight. So if you use span too aggressively, you could be in a situation where you have no control over your position.
More...

Thats true. Span is calculated based on the probability (or volatility). At "panic" time, volatility goes up, and so is the margin. You are likely to be forced to cover if you don't have enough cushion for the margin change. Using haircut, it is a lot safer.
 
Quote from optioncoach:

not bad at all..... he is hooked now!
More...

CTM credit spread is good for short term reversal.

For my spx FOTM credit put spread, it takes me a whole week to make $1.
 
Quote from yip1997:

CTM credit spread is good for short term reversal.

For my spx FOTM credit put spread, it takes me a whole week to make $1.
More...

oh no, my edge is now gone.
 
Quote from yip1997:

Attached is a document with my observations of TOS v. IB. I would recommend TOS if you do a lot of option spreads. Hope you find this comparasion useful.

I am still using ameritrade as my option broker. I found many people use TOS or IB here. Can anyone tell me the difference?

Currently I am looking to have streaming option quotes (Level II), and streaming greeks, and want to have a DDE link to excel.

If I can get a historial IV for individual stocks, that will be great.
More...
 

Attachments

Quote from Maverick74:

You are on a roll. Do I need to pay a cover?:D
More...

I finally figured out why coach was feeling his oats today...Its been a month and he's allowed to resume "marital relations":p...much better with a partner:)
 
Using my grid anaylsis, I have been hitting homeruns with these spreads for the past few months. Thanks for all the input from coach and others on all the nuances of these spreads. I was just wondering if anyone has had any success doing these on any other instruments? I am liking nat gas and gold for some put spreads and was wondering if anyone has any experience with other commodities or index's with these FOTM spreads, and any tips on conquering these other fields.
Thanks
 
Actually sadly it is more that I am gonna have a huge July :). Last year my best month was July and this year so far July looks like to be my best month.

If you are wondering why, look at where SPX opened on July 1st and where we are today...

OPEN 7/1 1270

CURRENT 7/28 1269

Market has gone no where despite the wide price swings :D


Quote from RichardRimes:

I finally figured out why coach was feeling his oats today...Its been a month and he's allowed to resume "marital relations":p...much better with a partner:)
More...
 
You must log in or register to reply here.
Back
Top