SPX Credit Spread Trader

Quote from dagnyt:

Why not short SPY instead. Stick with the ETF that has better liquidity.

Mark
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Two reasons...

First you can buy long on SDS and it acts like a short. Second, it will have less margin impact.
 
Hmmm..

Bought 100 SDS this morning in a paper trade @ 69.38. It's now up to $70.05.

This could be a day-trader's delight---if I day-traded. :D
 
Since spx and rut will settle next Friday (7/18) at open, does it mean our margin will be released right after the settlement price is set?
 
Quote from yip1997:

Since spx and rut will settle next Friday (7/18) at open, does it mean our margin will be released right after the settlement price is set?
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The options technically expire SATURDAY. My broker (IB) does not release margin until Monday. That feels normal. Can't release margin until after options technically expire.

But, someone else here stated that TOS will release margin on Friday, if you call them. I don't understand how they can do that, but it can't hurt to ask.

Mark
 
Quote from cdowis:

Note: if you increase the 1260/1275 put calendar to 10, you increase the max profit at expiration to $10,000 at 1275. So it depends on whether you are neutral or somewhat bearish.
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Your downside breakeven goes up quite a bit if you do this, you would have to be somewhat bearish to do this as you say.
 
Quote from cdowis:

>Bought 100 SDS this morning in a paper trade

That's why there is no liquidity. Everybody is paper trading it. :)
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Goes quick if you use a market order. Even with the wide b/a, you can still make money. SDS was @ $70.57 last I looked, up from $69.38 just before noon.
 
Quote from dagnyt:

The options technically expire SATURDAY. My broker (IB) does not release margin until Monday. That feels normal. Can't release margin until after options technically expire.

But, someone else here stated that TOS will release margin on Friday, if you call them. I don't understand how they can do that, but it can't hurt to ask.

Mark
More...

Doesn't SPX technically expire on Friday? You can't trade them after 4:15 on Thursday, they settle on Friday. So once the settlement number comes out expiration on those options is complete and you can get your margin released right?
 
BTO 20 SPX 1150 put
STO 20 SPX 1165 put
Net credit .50
ROM .5/14.5 = 3.45%

nice spike in the VIX here going into the close, 15.22 off the low of 14.07 for the day
 
Quote from ryank:

Doesn't SPX technically expire on Friday? You can't trade them after 4:15 on Thursday, they settle on Friday. So once the settlement number comes out expiration on those options is complete and you can get your margin released right?
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When I trade SPX on TOS my margin is released when the know what the SET price is. This is usually around lunch time on friday.

George
 
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