SPX Credit Spread Trader

Quote from alp168:

Hi Scoobie,

How do you check SPAN margin in IB? I click check margin button but nothing happened. Cheers.


Alp
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Hi Alp,

Sorry for the late reply due to work and have not been reading ET the last few days. I normally just click on the VIEW on the menu in TWS. Then i scroll down to ACCOUNT and my accout details comes up in a separate page. Within the page are the margin details as well. I don;t know how they work it out but i look at it to see how much margin i have available.

Cheers
 
With the overall market on "crack", I had to make a 2nd and final adjustment once SPX touched 1365 (10 points from my short strike). Originally I had 1350/1360, rolled that into 1375/1385, and now I exited my 1375/1385 position, both for October '06.

After adding up my wins and losses including commissions I'm down a little under $100 for 2006.

I have a new respect for Coach's FOTM credit spreads and am considering doing similar trades (ie 2 sigma) later. I figure, even if I can do 3-4% a month, that's sounding great at this point.

Good luck to all in your trades! :D
 
What is 2 sigma?


I have a new respect for Coach's FOTM credit spreads and am considering doing similar trades (ie 2 sigma) later. I figure, even if I can do 3-4% a month, that's sounding great at this point.
 
Just keep total margin to a manageable portion of your portfolio so just like Argus, you will never blow out your account.

By the way, my strike selection criteria for SPX spreads is now proprietary :D...

So are the advanced variance risk matrixes and cross-margined hedges I use.... ;)

(just practicing for when I have the hedge fund like Argus lol...)

Quote from rsflint:



I have a new respect for Coach's FOTM credit spreads and am considering doing similar trades (ie 2 sigma) later. I figure, even if I can do 3-4% a month, that's sounding great at this point.

Good luck to all in your trades! :D
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Quote from Sailing:




We also entertained the "MAVERICK" guy this weekend in Grand Rapids, MI. He spoke to our investment group for four hours Saturday. It was quite an event... he's now relaxing water side in Traverse City.... expecting to be back in the office later this week.

Thanks for a great weekend MAV!

M~
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Murray, I had a great time speaking to your group. for those of you at ET that had the opportunity to attend the "Mav speech", I hope you got a lot out of it.

I really was not expecting CNBC and the WSJ to be there covering the event. :p
 
Quote from optioncoach:

He is doing the same thing we all are doing lol. All that talk of fancy proprietary software picking bands. Could just use normal historical standard deviations :).

I find it funny that he was also written up in Futures Magazine this month. Sounds like he is on a publicity tour....

My favortie quote:

"So while Argus may have some higher short term risk, it has, by definition, lower long term risk in that a Black Monday won't completely wipe out the account. "

Priceless. Amaranth was not 100% wiped out either with its trades. we all know how risky this strategy can be even if properly managed and it is funny how they make it seem so conservative and simple....
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I remember Steve cold called me a few years ago to invest some capital with him for calendars on futures options, I never did. Seemed like a nice enough guy though.
I can't imagine they have boded to well in Sept/Oct with a negative bias, especially if they are going that far out 2-3 months, ouch! :(
 
Quote from optioncoach:

Just keep total margin to a manageable portion of your portfolio so just like Argus, you will never blow out your account.

By the way, my strike selection criteria for SPX spreads is now proprietary :D...

So are the advanced variance risk matrixes and cross-margined hedges I use.... ;)

(just practicing for when I have the hedge fund like Argus lol...)
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Thanks Coach for the input. Let me know once you get your hedge fund going :D
 
Quote from optioncoach:

By the way, my strike selection criteria for SPX spreads is now proprietary :D...

So are the advanced variance risk matrixes and cross-margined hedges I use.... ;)

(just practicing for when I have the hedge fund like Argus lol...)
More...

Your cross-margined hedges can only be applied for proprietrary traders using haircut!?

I also discovered a proprietary way of controlling the risk this month. :p

Mav will be very happy as everyone is going prop.

This will be a proprietary trader journal. :D
 
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