SPX Credit Spread Trader

Does anyone know of a site or page that one can get the historical SET data? It would be best if it showed the previous day close and then the AM SET. Thanks.
 
Quote from RichardRimes:

oh and Zegras I think your fine...you just have to sweat it out....:(
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I'll go out on a technical limb and agree with Richard here. We have to go back 10 years to get the next solid;y tested upside resistance level at 1500-1518. But given the psychological damage from fighting the last 3 weeks of bear attacks I don't think the market is going to be up-to attempting that arm-wrestle in this period without another run down. I think this afternoon's action was mostly short covering and the market re-balancing put-call ratios and VIX. But there is no way that real "fear" had been driven out this fast by as much as VIX would have us believe.

I think 1455-1460 is closer to the current upside resistance since that was the last tested level just prior to the big Feb 27th sell off. The only thing that concerns me though is that level was not really tested and had a lot of momentum before the news-event sell off. Curious enough, today's upside action closed SPX to land almost exactly on a 1 year regression line; as if nothing happened in these last 3 weeks.

But what concerns me is it now looks like the market has returned back to a "bad news is good news" discounting physchology. It's going to "be interesting" going forward...


Good luck Zegras, I am sure you have company in the sweat box.

TS
 
As of November I stated here that with the strong bullish market I was not going to get in front of it with any call spreads so I took that off my radar. I did try and several occasions to add put spreads in DEC and JAN and even FEB but with the low vols I could not get any credits at the strikes I was interested in (way OTM), especially since the lower VIX went the more likely a correction seemed and everyone was talking about it.

So based on those conditions I decided it was best to simply stay out of the way until an opportunity presented itself. So I was not in any spreads during the recent increase in vols and still watching and waiting. Also, I tend to take it easy the first 3 months and then ratchet up but I just have not found an entry I am comfortable with given current conditions.

Quote from J-Law:

Coach could you give us an update if you're still selling put spreads
FOTM and how you traded around the recent developments in the S&P ???

Thanks a bunch,

J-Law
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Quote from yip1997:

Does anyone use future to hedge against a bad position?
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Yes, I shorted some contracts during the recent decline. It reduced the volatility nicely. Fortunately, I covered well before the Fed and even made a few bucks.
 
Recently I have started looking at the possibility of hedging using vix future and es for hedging spx options.

Anyone has any ideas or suggestions how to use vix future or option for hedging?
 
On the tail of my thank you, just looked at the Apr 1365/1350 put spreads w/ 26 DTE.
providing the MM filled you at somewhere in between split the spread,

Apr 1365 Put, 3.30B @ 4.10
Apr 1350 Put, 2.60B @ 3.00

Credit would be in the .70 to .90 range ???

Is that within your parameters ???

Thanks again,

J-law
 
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