SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
Hard enough to pick direction, now I have to pick the date lol...
I expect it to happen in the next few days
I expect it to happen in the next few days
I trade the RUT with with this strategy with variations in adjustments and hedges. Tighter b/a and more volatile but I prefer it over the SPX. Same risk management principles apply.
Quote from FT79:
Sorry I'm new to this thread and up till know I'm at page 200And also reading the newest posts.
Basically the strategy of Optioncoach, setting op Bull Putspreads and Bear Call Spreads.
Thanx,
FT79
Quote from FT79:
Sorry I'm new to this thread and up till know I'm at page 200
Basically the strategy of Optioncoach, setting op Bull Putspreads and Bear Call Spreads.
Thanx,
FT79
To return to your original question, yes, I have traded credit spreads on RUT. The volatility on RUT is much greater than SPX. It's easier to trade IWM or IWO instead using credit or calendar spreads. Better R/R, IMO. YMMV.
Cru
weeeee, got my put spread order fill on this little SPX bear cub run down. Hmmm, it's kinda steep and looks a wee-bit kinda serious... :eek:
Ha ha, uhm, now I am now beginning to wonder if I just got my new bottom heavy Iron Condor sucked into a bear trap. :eek:
Oh the joys of living with the daily 10 point swings in a "low volatility" and under compensated market haha. Anyone here believe in VIX ?
You know you are hopelessly addicted to ICs when you start giggling on the order fills only to find just 10 minutes later one is calmly waiting for the Dr-Jekyll and Mr. Hyde neurocies to start turning the giggles into hysteric laughter as the market keeps moving sharply toward your new condor. How else can one bake one's cake and eat it before its settled and still nervously laugh ?
IF
Ha ha, uhm, now I am now beginning to wonder if I just got my new bottom heavy Iron Condor sucked into a bear trap. :eek:
Oh the joys of living with the daily 10 point swings in a "low volatility" and under compensated market haha. Anyone here believe in VIX ?
You know you are hopelessly addicted to ICs when you start giggling on the order fills only to find just 10 minutes later one is calmly waiting for the Dr-Jekyll and Mr. Hyde neurocies to start turning the giggles into hysteric laughter as the market keeps moving sharply toward your new condor. How else can one bake one's cake and eat it before its settled and still nervously laugh ?
IF
1366.26 low on SPX.. too bad time value premium still keeping the credit spread high lol...