SPX Credit Spread Trader

This is an analysis of each leg at 1360. It shows the opening and close values by oct 31.

Volatility changes make a big difference, let me know if you want graphs with other vol values.

And sorry for spamming, but couldn't figure out how to attach more than one pic. per post.
 

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THANKS!

Graph still looks to deep on the loss side and the shape is a little different than I was seeing but I am using SPX so I have to accont for the differences.

How did you work in EWs, I thought you said it does not recognize EWs yet? Curious since I am thinking of getting OV. Does Tradestation's OptionStation do the same thing as OV? Maybe they have options on futures...

Quote from tplast:

This is a comparison between the two.

Now, let the games begin :D
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Quote from optioncoach:


How did you work in EWs, I thought you said it does not recognize EWs yet?
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It doesn't support EW from the point of view that it doesn't create the strikes or pull the quotes automatically. But you can add the expiration dates and strikes that you need and it will calculate the teorethical values properly.


[EDIT] When you order OV be sure to make them know you really want EW. The more people asking for it the faster they'll do it. They added weeklys not long after they became available, so EW should be close.
 
Got ya...

and THANKS. Will let you know. Going to check out OptionStation quickly to see as well..



Quote from tplast:

It doesn't support EW from the point of view that it doesn't create the strikes or pull the quotes automatically. But you can add the expiration dates and strikes that you need and it will calculate the teorethical values properly.


[EDIT] When you order OV be sure to make them know you really want EW. The more people asking for it the faster they'll do it. They added weeklys not long after they became available, so EW should be close.
More...
 
Quote from RichardRimes:

Hey Coach...not to get off topic :p but did you do an FOTM credit spread in your retail account for the month of OCT? I know you didn't have time for one in Sept. It seems to me you did a Bear Call spread ....any update on that? Will you continue to do them? Thanks!

While I'm enjoying the discussion of these time fly's I agree with Yip, no way us little retail customers could do these.
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Sign up with IB and use ES options and you can do these positions SPAN margin :)
 
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