Typo. It's synthetically equivalent to a 1370/1365 OTM PUT debit spread for circa $1.90. Possibly better fills on the OTM debit spread.
Short THETA.
MoMoney.
SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
Typo. It's synthetically equivalent to a 1370/1365 OTM PUT debit spread for circa $1.90. Possibly better fills on the OTM debit spread.
Short THETA.
MoMoney.
Not on the SPX, b/a was as wide on the credit as it was on the debit but I actually got a great fill on the credit. Inside B/A was $2.65/$3.60 when I got filled.
It is a strange rally, but I'm not going to be the one to bet against the market in NOV.
Ahh but my position is not a bet against the market, just playing a technical pullback that was developing during the day. Still could as a dip to 1365 is not even a dent in the uptrend.
Quote from Cache Landing:
It is a strange rally, but I'm not going to be the one to bet against the market in NOV.
Looks like CHIPs are trying to help you out. SOX isn't really going to make a move until 10:30 though. If oil rallies I think SOX will push SPX just low enough for you to make some money.
SPX headed down a little finally today (about 1375)- trying to pick up some more put side to my 1335/1325 condor at a good premium but my broker held my order before submitting to market and it ticked up!!
Anyone else having problems with brokers having a man in the loop to manually approve the larger option spreads submitted via PC? I have missed a few fast moving opportunities on spread orders now because somone was asleep at the wheel at Fidelity Brokerage and I missed the price by a nickle to a dime on the limit order...
ST
Anyone else having problems with brokers having a man in the loop to manually approve the larger option spreads submitted via PC? I have missed a few fast moving opportunities on spread orders now because somone was asleep at the wheel at Fidelity Brokerage and I missed the price by a nickle to a dime on the limit order...
ST
As you are a good customer, call Fidelity and ask how you can get around this manual check. If they decline to help, tell them you expect to receive a fill (from their error account) every time they delay an order. What can they do but refuse your request?
Alternative: Ask the maximum number of contracts you can submit to avoid having them manually approve the order. It may be worth a few extra $8 fees to avoid the delay.
Mark
Or you can use a better broker for this type of trading.