How did you get that without expiration dates next to the quotes? Did you see the prices. I was too lazy to go verify it, it just looked wrong from the prices lol. I assume i was NOV SPX and weeklies?
Phil
Phil
SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
Interesting...
I tried to sell a weekly contract 1195 and IB wouldn't let me. Said it couldn't value the contract at this time. So, the quotes may be for display purposes for retail traders right now...
On another subject I suppose these weekly contracts will be subject to the Friday morning price "fixing" and the variability that comes with... That probably needs a strategy of its own as the strikes opened each week probably won't be too far in or out of the money I'd guess.
I tried to sell a weekly contract 1195 and IB wouldn't let me. Said it couldn't value the contract at this time. So, the quotes may be for display purposes for retail traders right now...
On another subject I suppose these weekly contracts will be subject to the Friday morning price "fixing" and the variability that comes with... That probably needs a strategy of its own as the strikes opened each week probably won't be too far in or out of the money I'd guess.
No just for IB customers... I traded them at ToS.
Phil
Phil
yes, I understood that....was just referring to IB. It's going to be interesting to see that theta decay next week.
LOL just to make sure I was kidding...
Phil
Phil
Well I added my diagonal spread trade to also experiment with different ways of adding more income with these new products.
Phil
Phil
Positive theta, yes, but if the market continues to rally next week, that won't mean much.
Btw, long Dec 1170p (ES); short Nov 1170p, from earlier this week. This position did serve as an adequate hedge Thursday when the market tanked.
Today, I bought some SPY hedges.
I bought 2 118/116 Bear Put Spread for a totaly of $0.90.
I've gotten $5.35 in credits this month, so I didn't mind spending $0.90 for financing a potential roll of my 1160/1150 spread.
From looking at the VIX, closing at 14.25, markets still look a little bearish.
If markets do continue north, I might buy the same insurance on the call side, and maybe try to sell some Bear Call spreads and collect some premiums.
Let's see what next week brings.
Hope you guys have a good weekend.
Daytrader85
I bought 2 118/116 Bear Put Spread for a totaly of $0.90.
I've gotten $5.35 in credits this month, so I didn't mind spending $0.90 for financing a potential roll of my 1160/1150 spread.
From looking at the VIX, closing at 14.25, markets still look a little bearish.
If markets do continue north, I might buy the same insurance on the call side, and maybe try to sell some Bear Call spreads and collect some premiums.
Let's see what next week brings.
Hope you guys have a good weekend.
Daytrader85