anyone else suprised at the strong finish today? anyone short feb 1290:eek:
SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
I was actually short 1280 a couple weeks back. I rolled into MAR and took it a little further OTM.
I am at 320. I have OEX 590 though. OEX finishes at 585.79. It would take SPX +10 or more for my OEX 590 to be touched.
Coach,
Wouldn't be a good time now to buy FOTM wings for potential butterfly
Ex: For 1255/1265/1275:
Buy 1255 and 1275 and leave the door open when the market is done with it's crazyness, go and sell the middle man. Isn't a good strategy since the market as been going up only.
Coach,
Wouldn't be a good time now to buy FOTM wings for potential butterfly
Ex: For 1255/1265/1275:
Buy 1255 and 1275 and leave the door open when the market is done with it's crazyness, go and sell the middle man. Isn't a good strategy since the market as been going up only.
Quote from Cache Landing:
I was actually short 1280 a couple weeks back. I rolled into MAR and took it a little further OTM.
I was talking about SPX FEB 1320 and OEX FEB 590
I don't think you should close your march 595 yet. We are too overbought and they all going to start rolling.
I already but the put for OEX and I will wait to complete the spread.
I also have DJX and SPY Puts. I don't care if they go down for now. If it's the case I will sell PUT closer to them if the market goes against me. I don't think so though
I don't think you should close your march 595 yet. We are too overbought and they all going to start rolling.
I already but the put for OEX and I will wait to complete the spread.
I also have DJX and SPY Puts. I don't care if they go down for now. If it's the case I will sell PUT closer to them if the market goes against me. I don't think so though
My crystal ball says:
SPX 1321.84 is probable in next two weeks. Jan high of 1295 will be broken. So too, 1300 in same breath. After that, euphoria will take us higher before profit taking bonanza/bad news takes us to a March SET of 1279.34 LOL. There, it's in print...but my crystal ball cost me $4.99, so you get what you pay for.
SPX 1321.84 is probable in next two weeks. Jan high of 1295 will be broken. So too, 1300 in same breath. After that, euphoria will take us higher before profit taking bonanza/bad news takes us to a March SET of 1279.34 LOL. There, it's in print...but my crystal ball cost me $4.99, so you get what you pay for.
What do you mean "after that, euphoria...."? Seems to me that this euphoria is getting a head start. Premature euphoria if you will.
Interesting..... Low jobless claims, good housing data, etc. are the belle of the ball. In a month those same numbers are going to be the devil because they will be the cause of continued rate hikes. What a fickle world we live in.
From what I'd seen, housing and high fuel costs were the only things going to put a stop to several more rate hikes. Now housing data comes in better than the last 3 decades and oil plummets. My crystal ball says... people spend, spend, spend..... take a home equity loan... spend more.... next years inflation 10%. Fed's response = many more rate hikes.
BTW, My crystal ball is last year's model. But I scored it on Ebay for $2.50 free shipping. Who can resist that?