SPX Credit Spread Trader

Mav,

Time here may not be considered 'community' service! You had better check with RiskArb for a more "clear" definition.

M~



Quote from Maverick74:

Murray, it's about time I came clean here. I'm only posting here because I still have 1000 hours of community service to do and I was instructed to help out good old Dr. Phil here on the SPX thread. I'm suppose to give back to the community. So when my time is up.......I'm gone~
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Looks like the upside resistance to the SPX advancing past the 1389 barrier is holding again (has it been 7 assaults denied now?).

Time for me to start hunting for Dec IC positions and tip toeing in.

TS
 
Quote from Sailing:

Yes, the debit is included with the margin. Actual is 28,300.

M~
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Sailing,

How is RUT option? I am currently at around 5% return on my capital.

Do you use Liquid or NCompass for your prop account?
 
We will be using NCompass when the new release is released... it's lacking analysis software and vol skews, so to begin wiith... Liquod.

M~





Quote from yip1997:

Sailing,

How is RUT option? I am currently at around 5% return on my capital.

Do you use Liquid or NCompass for your prop account?
More...
 
RUT is paying off better than SPX... and has been for the past several months. Although RUT moves greater intra-day, the overall band movement is narrower than the SPX on a percentage basis.... so this falls right into play with diagonals.

Just hoping for some huge VEGA spike! Been waiting for several months now.

M~



Quote from yip1997:

Sailing,

How is RUT option? I am currently at around 5% return on my capital.

Do you use Liquid or NCompass for your prop account?
More...
 
Just to add.... haircut doesn't do much for credit spreads... and helps a little in diagonals. We're really looking into better capital uses of haircut margin.... ie, backspreads, straddles.

M~



Quote from Sailing:

We will be using NCompass when the new release is released... it's lacking analysis software and vol skews, so to begin wiith... Liquod.

M~
More...
 
There is an OIC trade show in Chicago on 11/28, anybody planning on going? I'm going to the free part (Investor Education Day). There is another thing going on there but costs several hundred dollars, I will be skipping that part.


www.888options.com
 
Quote from TrendSailor:

Looks like the upside resistance to the SPX advancing past the 1389 barrier is holding again (has it been 7 assaults denied now?).

Time for me to start hunting for Dec IC positions and tip toeing in.

TS
More...

Hi,
I'm a new kid on the block, just joined. Been following the thread and must admit, i have learnt alot. Many thanks to everyone who contributed !!

And yes, my IC got "mauled" back in Oct too ... same here, itching to get back in with Dec IC.

i don't know, i'm still a little scared ... sometimes when it consolidates for a long time, the breakout can be very powerful. I think i'll wait till i see some confirmation of a top (perhaps SPX going below 1360). just get this feeling that the SPX is waiting to "ambush" my position once I get in :(

MAR
 
Quote from Sailing:

Just to add.... haircut doesn't do much for credit spreads... and helps a little in diagonals. We're really looking into better capital uses of haircut margin.... ie, backspreads, straddles.

M~
More...

I agree. I have studied haircut leverage for around 3 months. I am so suprised that no one here talked about strategies together with optimal capital utilization.
 
Quote from yip1997:

I agree. I have studied haircut leverage for around 3 months. I am so suprised that no one here talked about strategies together with optimal capital utilization.
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Currently doing the same thing, but I don't talk about it here. I don't want to get drawn into this debate that's been going on.

That... and I'm offended because MAV suggested that because I participate on this thread, I don't know very much about options. :D LOL just kidding MAV
 
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