SPX Credit Spread Trader

Mo, or anyone ...

Quote from momoneythansens:

You may wish to invest a few hours in some decent position analysis software and stress test various positions.

Attaining a firm and intuitive grasp of the behavior of options with respect to price, time and volatility will stand you in good stead.
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Do you have any recommendations for software? I'm not a ToS customer, I don't think I'm willing to spend thousands on OptionVue (until I try it without having to pay them for the privilege). I have a nice Excel spreadsheet that does most everything I want except for calendars and diagonals (doesn't support multiple month strikes). Any other options/recommendations?

Thank you!
 
Quote from ryank:

Upper right hand corner click on Your Account. On the next screen click on Edit Options. Scroll down and change Default Posts per Thread by using the pull down box.
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Thank you
 
The problem with new highs is that it is hard to find the next resistance point since there is none lol...

So the key now is not so much where we go, but if we hold it now in order to keep moving higher. We should have some pullback given the extent of the move off of the July lows but it is hard to say how far we could move.

Funny thing is that the SPX had an inverse Head & Shoulders pattern from May through July and if you take the measured move of the break out (distance from neckline to top of head and project that distance out from neckline upwards at point of breakout, 1336 or so is the approximate target for the breakout.

Since we hit 1336 today, I wonder if we will pause and pullback so that the market could identify the next trend.....
 
phil, good point.

btw, I think t/a of the cash holds much more water than the constantly adjusted futures. yet, you tend to think the es high of may is credible when the december - cash spread was at least twice what it is now. have any concrete evidence here lol?
 
Well true I am looking at the continuous ES but support and resistance levels still are traded somewhat in the futures markets even if that was the June contract and this is the Decemeber and the spread is higher.

SPX has no immediate resistance and ES only has 1353 as a general target so sky is the limit here..


Quote from Prevail:

phil, good point.

btw, I think t/a of the cash holds much more water than the constantly adjusted futures. yet, you tend to think the es high of may is credible when the december - cash spread was at least twice what it is now. have any concrete evidence here lol?
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Quote from LeonPhelps:

Dude, depends on your posts per page settings. Might want to give a date as reference.

For example, Your msg is on page 262 by my settings. You mean I got to wait until 2012 AD till I read these informative posts you speak of?!
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9/4/06
 
Well the SPX sure gapped up more than I thought it would. Currently I am in the following Oct 2006 position:

1350/1360 - $0.80
1250/1260 - $0.50
Total Credit = $1.30

My rules call for a 1340 adjustement. I'm not holding my breath hopefully SPX will pull back down a bit :)
 
Anyone following the Kramer effect?

Some studies show he has more daily influence than any major broker or combination of brokers out there....

M~
 
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