SPX Credit Spread Trader

The problem is that it is overseas institutions so things always take time to process and fund. For a lot of money I am more than willing to wait lol. Anyway, better keep that subject off the net before Eliot Spitzer comes after my ass. As for unaccredited investors... you are getting it for free right here! Hmmm maybe I shoudl re-think that lol.

Hmm making Elephant Ears.... kid school party?

Quote from ryank:

So the millionaire accredited investors aren't coughing up the cash fast enough for your fund Coach? If you let any of us lowly unaccredited investors in with our small amounts of cash let me know, I might throw you a bone!

Gosh I'm tired, I was up until midnight making elephant ears last night (don't ask). I need to reread some of the postings, lots of great nuggets of info in the last 24 hours or so.

ryan
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I think it is a good idea and I will post some charts today for my Oct trades. Even using Bigcharts and Print Screen I can post a word document with the charts and commentary. Let me also look into using OX's charts.

Good idea..

Phil


Quote from skdoyle1:

Coach,
I would like to start a mini-discussion on what technicals you use to determine support/resistance on the index you are "spreading". This is an area that hasn't been touched on in this fourm at all yet, and I think it deserves some attention. OX allows you to save and post up the java charts from prophet.net, so they might not be that hard to attach. Congrats all on a $$ sept!

Shawn
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Rich Saudi Princes can really drag their feet when sending you their money lol!

The elephant ears were for the annual church fair that my wife ropes me into working every year. After seeing how much grease and butter is used up at the end of the night it makes you not want to eat them for a while.

ryan


Quote from optioncoach:

The problem is that it is overseas institutions so things always take time to process and fund. For a lot of money I am more than willing to wait lol. Anyway, better keep that subject off the net before Eliot Spitzer comes after my ass. As for unaccredited investors... you are getting it for free right here! Hmmm maybe I shoudl re-think that lol.

Hmm making Elephant Ears.... kid school party?
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I am trying to open up some XEO put spreads today and have an order open. Will let you know when it is filled. The strikes are 530/545. I have attached a chart of XEO with a few brief TA notes.

Phil
 

Attachments

How does lack of volume in xeo vs oex affect your choice. It seems the liquidity of the oex makes it a better choice, should you need an adjustment. Current OI at 545 is 400 OEX vs 150 XEO .
 
Filled on XEO Spreads:

XEO 570.19

Sold 100 OCT XEO 530/545 Put Spreads @ $0.65

Credit = $6,500
Risk = $150,000
Return = 4.33%

Might touch SPX if we continue drifing lower. Some actual credits at the 1155/1165 strikes. Gonna see what I could grab.

Phil
 
I have a interesting test going. I put in orders to open both the XEO and OEX 535/545 Put Spreads @ $0.65 each. The MID was the same on both. Let's see who fills first. If I have to, I'll shave each the same.

sd


Quote from optioncoach:

Filled on XEO Spreads:

XEO 570.19

Sold 100 OCT XEO 530/545 Put Spreads @ $0.65

Credit = $6,500
Risk = $150,000
Return = 4.33%

Might touch SPX if we continue drifing lower. Some actual credits at the 1155/1165 strikes. Gonna see what I could grab.

Phil
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I'm guessing you 'll get the same prices on both since the MM'ers down there are quoting same prices for both markets reguardless of size quoted or open interest.

Size to go is implicit in the XEO. Even though it's not quoted....it's there.


Quote from skdoyle1:

I have a interesting test going. I put in orders to open both the XEO and OEX 535/545 Put Spreads @ $0.65 each. The MID was the same on both. Let's see who fills first. If I have to, I'll shave each the same.

sd
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I'm sorry...what do you mean "Size to go is implicit"?
sd


Quote from Dr. Zhivodka:

I'm guessing you 'll get the same prices on both since the MM'ers down there are quoting same prices for both markets reguardless of size quoted or open interest.

Size to go is implicit in the XEO. Even though it's not quoted....it's there.
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It means that eventhough they may not display big size quotes on the XEO you can assume that what you see on the OEX is the size they'll quote on the XEO.

the XEO might say 50 x 50....however if you want 5000 up...they'll be happy to do it.

Quote from skdoyle1:

I'm sorry...what do you mean "Size to go is implicit"?
sd
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