SPX Credit Spread Trader

Interesting... even while the market takes-off... Jessica gets more downloads than our SPX spreadsheet.

Have to change the title of the spreadsheet next time!

:)
 
To anyone still hanging on to a bear call spread with a short strike of 1285, what do you think? Hang on, adjust, spread, wait, etc.?
 
ENCORE!

Quote from Choad:

Speaking of JA...would any of you guys go "naked long" ??? :D



(sorry for the OT - I'll delete it in a little while)

Edit: Okay, coach sez to leave it! :)
More...
 
Looking at DEC, put an order for 400 at $0.15 for some 2 week cash. Of course it is not hitting.....

Quote from Synaptic:

Coach,

Are you looking at DEC or the JAN 1305/1310 ? How much can be in the DEC ?
More...
 
That was one of the best pics of her I ever saw. When I opened it I almost fell out of my chair lol. I want it to stay there so we always have a warm fuzzy place to go when the market stresses us out lol.

I know take you back to (sigh) reality...

Quote from Sailing:

Interesting... even while the market takes-off... Jessica gets more downloads than our SPX spreadsheet.

Have to change the title of the spreadsheet next time!

:)
More...
 
I did adjust this am but as part of my plan...not really sure it was necessary......
I'm now 1295/1310 on the call side...still looking to add a put spread(I closed the 1160/1185 on Fri)

Quote from rdemyan:

To anyone still hanging on to a bear call spread with a short strike of 1285, what do you think? Hang on, adjust, spread, wait, etc.?
More...
 
Coach, I'm thinking about rolling out my Dec SPX 1285/1300 to January. Looking at the 1310/1325 for about a break-even scenario, which is all I want at this point.

Any sage advice, wisdom or hard lessons learned you'd like to share.

Also, if I decide to do this, what about the timing. Would I be better off waiting till the SPX goes up more or does it typically work better when somewhat further away.

Thanks.


Quote from rdemyan:

To anyone still hanging on to a bear call spread with a short strike of 1285, what do you think? Hang on, adjust, spread, wait, etc.?
More...
 
I have not been able to get a fill from OX all week. What the heck!

I have a 1305/1310 call vertical with a limit of .90( seems fair with a .5 - 1.90 BA ) since this morning .

Im trying to get my market on but the man wont let me.
 
Well the obvious advice is get out when I do lol. But I would wait a few more days since today's surge seems a little too euphoric. Give the SPX another 5 points or so to test 1270 again and then you can look into the roll. Remember that 11,000 on the DOW is a mental resistance point and that equates to about 1270/1275 on the SPX. I doubt the market has the strength to pierce it so quickly and so easily within 2 weeks. See what happens tomorrow. If the market is up + 5.00 you should still be able to roll if you need to. If the market moves back a little, you get some cushion and now 3 days of theta from Friday until Monday. Not a huge difference but prices may adjust.

I have mixed feelings about moving from DEC to JAN 1310. It feels that although that is 45 points away, 50 days to expiration is a long ways off. The jury is still out on 1310 for DEC.....


Quote from rdemyan:

Coach, I'm thinking about rolling out my Dec SPX 1285/1300 to January. Looking at the 1310/1325 for about a break-even scenario, which is all I want at this point.

Any sage advice, wisdom or hard lessons learned you'd like to share.

Also, if I decide to do this, what about the timing. Would I be better off waiting till the SPX goes up more or does it typically work better when somewhat further away.

Thanks.
More...
 
You must log in or register to reply here.
Back
Top