Vertical Spreads for Aggressive Growth

[Cache Landing]

Quote from rallymode:

ahhh, you dont listen, those back month pups dont move man. Just sit tight and wait, cash burning holes in your pockets?

Scaling into my oct position here. Opened some es 1350/1355s for $1.83 average. Will add more after cpi/fed.

Looked at scaling in today. You've gotta be talking about futures, because I was looking at the 1345/1350 for $1.60

Anyway, the VIX is just a petty cash experiment. If we get the drop that I want, I'm hoping to be able to sell the front month for the same as I bought the FEB calls. From what I've seen, they aren't too risky to hold.

OTOH, I would never tie up money like this for that long if it were a significant amount.

 

[rallymode]

Quote from Cache Landing:

Looked at scaling in today. You've gotta be talking about futures, because I was looking at the 1345/1350 for $1.60

good luck getting filled. MM's are stingy last two days, its way im legging the futs

 

[Cache Landing]

Quote from rallymode:

good luck getting filled. MM's are stingy last two days, its way im legging the futs

Yeah, couldn't get filled. Not willing to take less than that with the current uncertainty, so I'm just waiting.

 

[Crucis]

Is the CBOE the only place where I can find what the SET is tomorrow? Is there another site?

 

[domestic]

Quote from rallymode:

Scaling into my oct position here. Opened some es 1350/1355s for $1.83 average. Will add more after cpi/fed. [/B]

i do understand your rationale for ctm spreads...but....when was the last time you had to "roll" or manage the position and what exactly did you do(if you remember)?

also, are all future option spreads legged in on ib?

thanks

 

[burrben]

Well, it looks like we might have skinned the cat on our trades until the $SET get's all funky on us. It would have to be above a 14pt set to really hurt.

Good luck to all!

On another note, cache what are your current positions?

Quote from RichardRimes:

Yesterday twice I put a bid in to close and twice withdrew it...futures are down this am so will be watching......:eek:

the thing to remember with the vix where it is there probably will not be HUGH moves in either direction...unlike this late spring and summer when VIX was at high double digits

 

[rallymode]

Quote from domestic:

i do understand your rationale for ctm spreads...but....when was the last time you had to "roll" or manage the position and what exactly did you do(if you remember)?

also, are all future option spreads legged in on ib?

thanks

Yep, globex doesnt accept combo's so i have to leg in.

Last time i adjusted was august '05. Doubled down vegas style. It's an expiration probability bet, nothing more. I write off the margin at risk when i place the trade and let it rip. It's traded small 3-5% of portfolio.

 

[Cache Landing]

Quote from burrben:

Well, it looks like we might have skinned the cat on our trades until the $SET get's all funky on us. It would have to be above a 14pt set to really hurt.

Good luck to all!

On another note, cache what are your current positions?

For this journal I don't have any positions right now. I would've liked to open some 1345/1350 bear calls today, but I couldn't get the $1.60 that I wanted and I was working from a bad computer. I can't leg in from this comp. So I will try to see what I can get tomorrow. Also got my eye on AMD, PAAS, JNJ, GS, and a couple home builders.

 

[Neoxx]

With even the NDX now above long term resistance, surely all bets are off on the short side?

 

[rallymode]

Quote from Neoxx:

With even the NDX now above long term resistance, surely all bets are off on the short side?

Actually, i am loading up on bearish positions.