SPX Credit Spread Trader

Seems like a good opening for those looking at put spreads for FEB, although Uncle Theta might be kicking in and cause you to go too high on the strikes.... Still sitting on my FEB put position.
 
Quote from optioncoach:

Seems like a good opening for those looking at put spreads for FEB, although Uncle Theta might be kicking in and cause you to go too high on the strikes.... Still sitting on my FEB put position.
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I've been trying to get filled at 1180/1190 and 1195/1205 at .10 under the mid with no luck for the third day. Looking at 1200/1210 at .05 under the mid to see what might happen.

ryan
 
What do you expect to get from the 1210/1200 ?

Quote from ryank:

I've been trying to get filled at 1180/1190 and 1195/1205 at .10 under the mid with no luck for the third day. Looking at 1200/1210 at .05 under the mid to see what might happen.

ryan
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I'm trying for .60 on the FEB 1220/1210 .... no fill yet. Probably will need to shave off .05 to get filled.

Quote from ryank:

I'm trying to get .50 but no luck on that either (mid is at .55 as I type this).

ryan
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Part of the problem is the lack of interest exp at 1205 and 1210..if we go down a little more next week interest should pick up....I'll be looking at 1225 for my Feb short..holding the 1215..hoping for further down action
Quote from Synaptic:

I'm trying for .60 on the FEB 1220/1210 .... no fill yet. Probably will need to shave off .05 to get filled.
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I got filled on the 1210/1195 for Feb. I was asking for $0.45 and got filled at $0.50 when I stepped away to make lunch.

It's really strange, the SPX was down over 9 points and I couldn't get filled at $0.45. Now it's down just over 8 and I get filled at $0.50.

Not complaining, but it sure would be nice if it were more consistent.
 
I am curious, though. Why would I ever get filled at a better price than what I'm asking for? Does anybody have an answer on that?

Quote from rdemyan:

I got filled on the 1210/1195 for Feb. I was asking for $0.45 and got filled at $0.50 when I stepped away to make lunch.

It's really strange, the SPX was down over 9 points and I couldn't get filled at $0.45. Now it's down just over 8 and I get filled at $0.50.

Not complaining, but it sure would be nice if it were more consistent.
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Perhaps you got matched with another order so the MM still made their spread and you got the nickle benefit. :)

Quote from rdemyan:

I am curious, though. Why would I ever get filled at a better price than what I'm asking for? Does anybody have an answer on that?
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