SPX Credit Spread Trader

Please let us know where/when you archive your show. I would like to listen to your show but unfortunetly, I have class on Wednesdays.

Thanks.

Daytrader85
 
If you had no class then you would listen to my show....lol

Phil


Quote from daytrader85:

Please let us know where/when you archive your show. I would like to listen to your show but unfortunetly, I have class on Wednesdays.

Thanks.

Daytrader85
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Quote from optioncoach:

If you had no class then you would listen to my show....lol

Phil
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Haha. I would listen to your show during the day, but I don't think I could get to a computer that would let me listen to the show.

I would rather listen to how to make money using Iron Condors then learn about Supply & Demand, and Elasticity!!!:)

Hope my econ professor doesn't read this board!!!!:p
 
Quote from clslaw:

However, you can move beyond those basics and refine you own trading based upon subtle modifications such as the identification of an overbought or oversold condition.

This is how you take it to the next level...
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One should also consider historical testing to see if the proposed TA approach to "overbought" vs. "oversold" has any +EV or is it just an illusion.

Not trying to be a smart ass here, but so many ppl take an approach and apply OB/OS or trend "filters" without first validating if those "filters" in-and-of-themselves give any statistical edge with regards to probability of future price, volume, or volatility change.
 
Quote from flyers&divers:

Overbought oversold oscillators and volatility bands, seasonals, sentiment etc.

Using the 20 day 2 st deviation Bollinger Band as an example one can see that the indices regularly bounce back from or spend time crawling on the upper lower boundaries. This does not happen like clockwork every month but it does occur often enough that one makes it part of one's playbook.
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Outside of empirical observations, have you performed any historical studies to show statistical advantage in using BB's?
 
Placed the following trade today:

OCT SPX 1285/1300 bear call filled at $0.80

B/A was $0.55/1.25. I was filled in 2 minutes which suggests that maybe I could have gotten another nickel or so.
 
I've had an order for OCT SPX 1285/1295 Bear Call Spread at .75 for about 30 minutes. Just changed to .70 to see what happens.

Thanks to everyone for the help, especially Coach. Remember, he has his radio show today at 12:30 EDT. I listened last week and enjoyed it.

Thanks again,

Ed
 
Hey Coach,

The reason none of us can get fills at premium prices is becase some guy is on the radio (pretending to be you) telling everyone about this journal! LOL:cool:
 
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