SPX Credit Spread Trader

I realize we have had a ridiculous up trend the last 4 months on the S&P 500 here, so who knows whats in stored for 2007, other than BLUESTREAK of course?

What do you think of going a little conservative and doing an IC spread here at the year high mark? (incidentally, this would have worked the last 5 consecutive months, thats as far back as i went)

Should be some nice movement in Jan. You could do a SPY spread that would look like
short $145 call/ long $143 call &
long $143 put/short $141 put

total debit is currently showing 1.50bid by 1.70ask
 
Coach-- a question about your 1325/1330 JAN SPX put spread.

Am I reading this correctly--you are looking to pay $.20 for a chance to make $480 with a 6 or 7% chance of success? Are you hedging other positions?

BTW, I've been following your posts on various forums and I appreciate your willingness to take the time and help everyone out.
 
Well this is a credit spread journal so I would not be paying $0.25 but trying to collect $0.25 as a credit on a bull put spread.

:)

And welcome to the thread....

EDIT: still no fill yet anyway so we will see if I even have a position.
 
You must log in or register to reply here.
Back
Top