SPX Credit Spread Trader

Quote from Optionspoet:

Question for the board -

A while back I would sell credit spreads on the SPX but gave it up due to liquidity frustrations. I simply could not get filled even after shaving off anywhere from .10 - .25 off the mid at times.

I've been looking at index spreads again, particularly the RUT. Will I be facing the same liquidity issues here or has it improved? I see most of you trade SPX, so any info onthe RUt would be appreciated.

Thanks!
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No way to get filled at mid for RUT unless the market is moving against you.

Yesterday I got filled @0.7 for 650/640 aug put and then the mid of the spread became 1.0 once it got filled. (The market dropped, and vol increased) The mid was 0.8 when I placed my order.
 
havent traded the RUT but this quote may help you, I just happen to be looking it up myself, it was an answer to a question I had posted about cutting into the b/a

Quote from ffa99:

The closer it gets to expiration, the less negotiation on the bid/ask. SPX is somewhat better then OEX. RUT is even less.
More than 4 weeks out @ 50% (midpoint)
3-4 weeks out @ 30%
0-3 weeks out @ 25%

I've noticed unusual fills can be had during lunch time.

.20 sounds reasonable though. This might work out in your favor. Try again tomorrow if a further move down.
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What software are you using to create these charts? Does Tos offer this?

Quote from Sailing:

For those of you asking about the triple and quadruple diagaonals... well here's our quintuple diagonal positions for this month.

Enjoy,

M~
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$25k is a rip off. AN individual can create an LLC for as little as $350. You could pay a little more for some taax/legal advice but a multiple member LLC is cheap to set up and takes 5 minutes over the phone. $25k.... damn lawyers..

Quote from Sailing:

Rally,

Done a lot of checking.... seem to get multiple answers....

A professional firm.... who says they can set this up.... wants 25K just to start. Seems a bit much for information.

Any suggestions?

M~
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I think we are in a professional employment bubble.All the lawyers, doctors and the other professionals are gonna find themselves in a crash soon.
we can hedge ourselves by starting businesses and selling them to those professionals when the bubble bursts.

my 2 cents....
 
Quote from Heatheranderson:

I think we are in a professional employment bubble.All the lawyers, doctors and the other professionals are gonna find themselves in a crash soon.
we can hedge ourselves by starting businesses and selling them to those professionals when the bubble bursts.

my 2 cents....
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If you know any lawyers, doctors or other professionals that have already crashed and want to buy a business let me know, they can buy mine :D! Maybe I could be like Phil and be a full time trader in a secret trading bunker :p.
 
Quote from Sailing:
A professional firm.... who says they can set this up.... wants 25K just to start. Seems a bit much for information.
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Sailing,

Some recent pricing information that might help you:

Single-Person LLC w/1year Accounting: $1000-$2500

Multi-Person LLC w/1year Accounting: $2500-$5000

Small Hedge Fund w/1year Accounting: $10,000-$25,000

Large/Offshore Hedge Fund (Legal/Entities Only): $25,000-$150,000

-segv
 
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