SPX Credit Spread Trader

I will post at the market close... basically as a teaser I rolled the SEP1340EW/OCT1360ES spread to a OCT1355ES/OCT1375EW for a net credit of 2.90 * $50 *270.

So I shifted the expiration out one step and moved the strike from 1340 to 1355.. That is why I like the ES future options, more expirations to choose from..

I will provide the details shortly...
 
Coach:

So the ES future options have a regular expiration and an EOM expiration. If I recall correctly, the SPX has a weekly expiration, regular expiration and End of Quarter expiration.

So I'm wondering if we can't use a similar approach for the SPX as you're using with the ES (of course, not exactly, but maybe diagonalizing weeklies or at the very least I guess one could have a parallel strategy with the SPX at the end of the quarter.

Have the EOQ SPX options started up yet??

Quote from optioncoach:

I will post at the market close... basically as a teaser I rolled the SEP1340EW/OCT1360ES spread to a OCT1355ES/OCT1375EW for a net credit of 2.90 * $50 *270.

So I shifted the expiration out one step and moved the strike from 1340 to 1355.. That is why I like the ES future options, more expirations to choose from..

I will provide the details shortly...
More...
 
Problem with regular SPX is the wide spreads. The weeklies have even wider spreads and only have a few strikes each week so not a lot of choices. The quarterlies should be interesting but pricey.

EW has wider spreads than ES but not too much.

I think if you are in a retail account you might be able to use the weeklies and regular monthly expirations but the weeklies are mainly ATM. Look on paper if you can use them.

I think the weeklies might be good for adjustments if you need to make an adjustment in a non-expiration week. Quarterliles can be used when they are not as far out in time for the same reason I would think.

Quote from rdemyan:

Coach:

So the ES future options have a regular expiration and an EOM expiration. If I recall correctly, the SPX has a weekly expiration, regular expiration and End of Quarter expiration.

So I'm wondering if we can't use a similar approach for the SPX as you're using with the ES (of course, not exactly, but maybe diagonalizing weeklies or at the very least I guess one could have a parallel strategy with the SPX at the end of the quarter.

Have the EOQ SPX options started up yet??
More...
 
Team E.T.,

Advice Appreciated...

Looking to set up our capital management entitiy, KL Capital, LLC.

Spoke with two different out-of-state attorneys , also a LLC representative from each state... Nevada, Delaware, & Florida, and a local attorney here in Michigan....about the pro's/con's between.. Delaware vs. Florida vs. Michigan vs. Nevada.

After speaking with all these people, I only managed to gather all types of conflicting information and/or bragging rights.

Then searching the WEB, found all kinds of conflicting information.



So.. does anyone have any personal real knowledge to lend out concerning WHERE is best to set up an LLC and why?

Thank you for your time.

Murray
 
Quote from Sailing:


So.. does anyone have any personal real knowledge to lend out concerning WHERE is best to set up an LLC and why?
More...

Murray,

In my opinion, the Delaware court system is a very valuable advantage to incorporating in that State. Delaware has a vast amount of legal precedent. It has a unique court just for business law, the Chancery Court, the product of which is a library of written opinions. Most of the Delaware Supreme Court justices come from the Chancery Court. I am not a lawyer, but in my own business experience, mitigating the risk of litigation is a very important consideration.

-segv
 
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