SPX Credit Spread Trader

Quote from optioncoach:

Timing of entries perhaps and the time to expiration before I put them on plus VIX comparisons. So many factors go into it really. I placed my diagonal after the market moved off the lows to get in at low IVs and at a technical point in the index. I do not think I can get 2.25 everytime :D.
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You're up early today Coach :D

I put in my diagonals at low IVs as well but cant seem to get the fill you got. For example, I looked last night and VIX was around 14.10 and the mid for the SEP/OCT 1225/1200 diagonal was around 3.00

Would appreciate it if you would post your trade next time you enter a diagonal so I can check if i can see the same mid on OX or IB

Cheers
 
Yeah, I been trading the Euro and Pound futures and they get real active after 5:00 AM, which is when I am up anyone thanks to the little one...

As for the diagonals, i posted one I was looking at recently, which regrettably I did not pull the trigger lol.

But I will post any new diagonals I enter in :D



Quote from scoobie27:

You're up early today Coach :D

I put in my diagonals at low IVs as well but cant seem to get the fill you got. For example, I looked last night and VIX was around 14.10 and the mid for the SEP/OCT 1225/1200 diagonal was around 3.00

Would appreciate it if you would post your trade next time you enter a diagonal so I can check if i can see the same mid on OX or IB

Cheers
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Quote from optioncoach:

Yeah, I been trading the Euro and Pound futures and they get real active after 5:00 AM, which is when I am up anyone thanks to the little one...

As for the diagonals, i posted one I was looking at recently, which regrettably I did not pull the trigger lol.

But I will post any new diagonals I enter in :D
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Mmm...thanks for that info, now I know I can hassle you when the rest of America is still asleep. Just kidding :D
 
Anyone heard of simplex leverage trading? It is a prop firm without license. Is it legal? Their commission rate for option is only 0.5 per contract, and they use TOS front end.
 
On a board that discusses FOTM vertical spreads, I don't think a high risk/reward, high probability and small credit is exactly taboo. I don't know anything about Summa's current trades, but what you described doesn't scare me off. I would be cautious about someone who makes their money off of seminars and classes though. The education value may be worthwhile depending on where you started from. Although a few books and diligent research can educate you for alot less money. Their money management (trading opm) is more suspect.

Quote from Prevail:

summa trades calendars 100+ points away for a credit. I think he does okay but with such small risk reward, one bad trade takes a while to overcome.
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Quote from Sailing:


It's no majic... as I tell the Investment Club members... you need to bait the hook... or you won't catch any fish. Keep those MM's busy looking at your offers.... they'll bite when they get hungry.

M~
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Sailing and others, are there any good investments clubs here on ET? Are there any good ones at all. Most of what I've observed is that clubs are a good why to lose money.
 
Quote from yip1997:

Anyone heard of simplex leverage trading? It is a prop firm without license. Is it legal? Their commission rate for option is only 0.5 per contract, and they use TOS front end.
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Yes it is legal. It is not a JBO though AFAIK, therefore you are not joining a JBO or an exchange -> no market maker haircut. No Series 7 required. They offer leverage and capital instead, hence the name.

The ToS front end is not the same as the one for retail clients, though it is similar in many respects. They are one of several prop shops who use thinkpipes formerly ToS Liquid.

I believe Volatilitypimp will have more direct information.

MoMoney.
 
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