SPX Credit Spread Trader

Nice trade. I put the 1375/1390 October bear call on Tuesday (Monday was Labor Day) and only got $0.80. Who was the broker on your trade?


Quote from Sailing:

FYI SPX Oct Credit Spread

We filled a 'retail margin' Oct 1385c/1375c credit spread position on Monday for .85

After these past two days... it's tempting to take the existing profit... 3.5% and look to reposition.

Does anyone else struggle with this notion of waiting around for five weeks for possibly the other 5% and endure the risk associated with it?

M~
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Quote from optioncoach:

Diapers....
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classic...very funny:D
in regards to your trade, its refreshing to hear traders admit they're wrong !! hmmm...i wonder if anyone has thought of that as a trading rule.:)
 
Well I still think the strike is safe for 5 trading days to expiration but I guess I do not need the headache right now lolll

Quote from iprph90:

classic...very funny:D
in regards to your trade, its refreshing to hear traders admit they're wrong !! hmmm...i wonder if anyone has thought of that as a trading rule.:)
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Quote from optioncoach:

Well I still think the strike is safe for 5 trading days to expiration but I guess I do not need the headache right now lolll
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I can't believe you bowed to pressure. What the hell do these people know! :D
 
Quote from Sailing:

GRIC Trading Commentary

I have had numerous questions and PM's as to the types of strategies we use with our GrandRapidsInvestmentClub.

Well, it's a two part answer:
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Murry,

Sounds like it's worth considering moving to Grand Rapids. My next question is: When do you think GRIC will be offering it's classes online? I would like to be the first one to sign up.
 
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