SPX Credit Spread Trader

I am going to wait for moday to enter my Put position. I have been bearish on the market since last week and already but a lot of SPY128. I am willing to go 1230/1240 and dare the market to go that low.I would make a lot of money.

I will wait and see but I know FEB and MARCH are not going to be good.

Quote from optioncoach:

I do not have any JAN positions, I closed those sometime ago and currently have a limpy bitch Iron Condor for February:

-125 SPX FEB 1190/1205 Put Spreads @ $0.45

- 15 SPX FEB 1350/1365 Call Spreads @ $0.35

:)
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When you say someting like:

"I am willing to go 1230/1240 and dare the market to go that low.I would make a lot of money."

you have to realize that the market loves to prove you wrong when it can. You do not want to be that guy on the beach with a hurricane approaching daring the wind and the water to knock your house down.
 
It's a way of talking (joking). I am a chicken and would never dare the market. I learned my lessons and have been trying to get 3-4% return every month. If I can get 2% and safe I will too. I am making sure my portfolio doesn't desintegrate.

Lately I have been playng Spreads strategy on stocks too and I have been ok so far using a simple formula:

10% return minimum and 10% protection minimum. I marry this with my entry point. Call spreads when overbought and wait for stock oversold to complete the condor. So far so good.

Quote from optioncoach:

When you say someting like:

"I am willing to go 1230/1240 and dare the market to go that low.I would make a lot of money."

you have to realize that the market loves to prove you wrong when it can. You do not want to be that guy on the beach with a hurricane approaching daring the wind and the water to knock your house down.
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Went through 1272 which is the prior market high from Dec. Panic selling is supposed to set in now.... we're already 12 points down, not sure how much more...
 
Coach,

I thought the SET value would already be published. It's now 12:05 and I can't find it anywhere.

Is it out?

Quote from andysmith:

Went through 1272 which is the prior market high from Dec. Panic selling is supposed to set in now.... we're already 12 points down, not sure how much more...
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You have to call OX directly and ask them and they can do that.

Quote from Synaptic:

Is it true that OE will free you JAN position margin after SET assuming your positions are out of the money ?
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