SPX Credit Spread Trader

ANy index discussions are fine, I just saw the strikes and thought it was SPX. I will look at RUT since I have not traded it at all the past year and see what comments I have lol.

Quote from Heatheranderson:

No i meant RUT. oops sorry, it just occured to me that this is a SPX forum.Still, i sure would appreciate any input.

thanks
 
It is in the same section here JOURNALS and it is called "riskarb's combo conversions to fly" or something like that.
"

Quote from B5476:

Coach, could you tell us where that thread is so we can see the discussion? Thanks
 
ToS does not do any options on futures and probably will not for as long time (they say it has to do with their clearinghouse and other issues).

Quote from osho67:

Do TOS allow options on futures and also options on DAX, FTSE and ESTX50?
 
Actually Heather this is not just an spx forum...coach initially said he might do RUT/OEX etc ...if its any comfort at all I NEVER feel totally confident when I put on a trade...its only a few days later when I start to gain confidence in the position. The main thing is to manage your risk and have a plan A, B, and C of adjustments when/if your position gets into trouble. good luck:)
Quote from Heatheranderson:

No i meant RUT. oops sorry, it just occured to me that this is a SPX forum.Still, i sure would appreciate any input.

thanks
 
As far as options traded and strikes available in the front months, the liquiduty is fine. Where you take it in the ass is in the wide bid/ask spreads ;).

Quote from ChrisM:

How is SPX options` liquidity these days ?

I traded them some time ago but had to switch to Emini due to lack of certain strikes.
 
RUT is trading at 712.06, are we looking at the same index?

Quote from Heatheranderson:

Coach
I just entered RUT Feb 1320/1330 credit spread for $.50 for 10 contracts. I am curious to know your opinion.Its my first big trade and i am kind of feeling wierd.I guess you get confidence as you go along and the trick is not to get too confident, right?.

thanks
 
There seems to be a great deal more liquidity but the MM's are as @#$% as always:eek: sometimes a fill comes easily and other times forget it.

Quote from ChrisM:

How is SPX options` liquidity these days ?

I traded them some time ago but had to switch to Emini due to lack of certain strikes.
 
Quote from optioncoach:

As far as options traded and strikes available in the front months, the liquiduty is fine. Where you take it in the ass is in the wide bid/ask spreads ;).

Thx, I can see this. On other hand once you have to trade two E-mini contracts for one SPX, spread does not look that bad.
 
Quote from DonnaV:

There seems to be a great deal more liquidity but the MM's are as @#$% as always:eek: sometimes a fill comes easily and other times forget it.

This hasn`t changed too much since then :)
 
Quote from optioncoach:

RUT is trading at 712.06, are we looking at the same index?

Heather and Coach,

I have the Feb. 750/760 calls and the 640/630 puts for RUT. But, as Donna said, always have your adjustments ready just in case.

DAVE
 
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