SPX Credit Spread Trader

Thank you all for the advice and suggestions.

It appreas with a little coordination... we could set up our own ET Online Hedge Fund.... here. lol

Thanks,

Murray :)
 
I have an account at OX and have done exceptionally well these past 4 months with my Credit Spread trades on the SPX index. I am now considering setting up an account with IB so I can reduce my costs, i.e. .75 cents per contact is cheap. For those using IB for Credit Spread trades can you display and select the Put and Call spreads like you can with OX.

I am thinking of keeping my account active at OX because I am so use to using their quotes system to select and process credit trades. I just wonder once I have me account funding at IB if I will be able to have the same experience using their system to select and process my trades.

Thanks
 
OptionsXpress.... is elementary.... slow... ancient.

IB is good if you know what you need and want. Support is terrible.

You may consider checking out ToS... great people to work with....

M~



Quote from FitForLife:

I have an account at OX and have done exceptionally well these past 4 months with my Credit Spread trades on the SPX index. I am now considering setting up an account with IB so I can reduce my costs, i.e. .75 cents per contact is cheap. For those using IB for Credit Spread trades can you display and select the Put and Call spreads like you can with OX.

I am thinking of keeping my account active at OX because I am so use to using their quotes system to select and process credit trades. I just wonder once I have me account funding at IB if I will be able to have the same experience using their system to select and process my trades.

Thanks
More...
 
Sure hope so...

Been too quiet around here.... which is probably an indicator we should develop. Seems when it's quiet so is the volatility.

Last Weeks Observations:

Positive earnings... CSCO and Disney earnings up big.... market opens way up.... only to end down big.

Terror Threats, airline threats.... market open down, closes up big on the day

Retail sales better than expected.... market heads down....


News and reaction to it... appear unpredictable.

Good is Bad
Bad is Good
Good is Good
Bad is Bad

Anyones head spinning besides mine?

M~

Quote from optioncoach:

By Monday PM, the home office should be up and running :)..

missed a lot of trading the past week or so..
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Mine is as well. Here it is 4am on a Sun and I'm reading ET:( Actually I'm seriously considering taking a real break from trading after this Exp. I believe I've earned a break and the last two vacations have been during Op exp week:eek: June esp difficult. July and Aug have been good and I'm beyond my personal goal for the year...so why not:confused: I've worked my way into a 1150/1175/1200 put B-fly for a credit of .20 (mid is debt of .70) for Sept and I could just let all the other trades go until Sept and not take on any new positions.

My biggest problem is HOW do you turn your mind off in regards to trading? How do you say I won't think about positions, won't look at the statements or check out of ET. I don't really think any of you guys can do it either so don't know why I'm thinking out loud:p Other than physically going to a place with no news/phones etc I honestly don't know how to find that balance we need to be able to keep going for the long haul:confused: sorry to be OT but would certainly welcome any suggestions if any of you just happen to be successful in taking a mental vacation from trading. (esp. if trading is only what you do for income)...and coach don't tell me to have a baby:p
 
Just a few questions from a newbie,

Main advantages of DC over Iron Condors?
Ways of adjusting DC?
Is a neutral strategy with allows a considerably movement of the underlined, between a range?
Best way to pick up the strikes?
Main risks and advantages?

Regards from Argentina.
 
You may want to start at the beginning of this thread and read. I konw it'srather long... many can be looked over... but you won't find anything more interesting and informative.

or check out: www.888options.com and click on their educational online classes (FREE)


Quote from Remarg:

Just a few questions from a newbie,

Main advantages of DC over Iron Condors?
Ways of adjusting DC?
Is a neutral strategy with allows a considerably movement of the underlined, between a range?
Best way to pick up the strikes?
Main risks and advantages?

Regards from Argentina.
More...
 
Quote from Sailing:

News and reaction to it... appear unpredictable.

Good is Bad
Bad is Good
Good is Good
Bad is Bad

Anyones head spinning besides mine?

M~
More...

I see chop. I read elsewhere that Buffett sez that the market will be relatively choppy for the next several =years=.
 
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