Well, we have that 20 point buffer between 1185 and 1165 that needs to last 3 days... By the way, how do I get the post I'm replying to to come...
Phil, What's your assessment of the market today? I read several times the TICK article you provided us, it's very good. So far, TICK has been...
Phil, I think you mentioned in a previous post that one should not get overly complacent/confident after a few months of success with credit...
"Under different IV, time to expiration, spread width, this can be substantially different...so not sure how useful this is as a guide for you."...
"Only if I want to adjust a 10point spread down 10 points. However if I want to roll it down 5 points, the butterfly works. SO I could use the...
FYI, if you are rolling down more than the put spread width, you are buying a condor, not a butterfly: BTO 1 SPX 1130 STO 1 SPX 1140 STO 1...
rdemyan, I have found that placing as one trade is less risky for exactly the reason you outlined. The flipside of that is to close the...
rdemyan, Just read your numbers, thanks for sharing. Yes, I think you must have been ITM and maybe vix/vol was higher than it is today... Did you...
"...an old gray warrior that pulls money from the market for the rest of your life" -- Dr. Z, makes a lot of sense. Can you share with us your...
"The one thing I really remember is that once you get at around ATM, it seems like the cost to get out has gone up exponentially and any amount...
"As I said from my experience, this will most likely happen once or twice a month." -- Phil, please say you meant "year".
"Iâll actually collect more in OCT premium than I would have before even after taking the losses on the roll" -- Dr, yes that's true, but the...
rdemyan, I'm curious, once the short strike is ITM, how do the dynamics of adjusting/rolling change? Is it different than rolling as we did...
"Quite impressive Andy..." -- Phil, maybe so, but I can say without a doubt that I can't go through this on a regular basis. Going forward, I...
"I did check the market after lunchtime" -- Phil, shame on you.....
rdemyan, I have 1155/1165 as well and it was excruciating to watch as SPX danced around 1168 yesterday -- twice. But, I made a decision to...
Phil, Are you comfortable that we have started a rally that will continue to expiration (i.e. the downside plunge has halted)? I'm wondering...
A ballpark number that I've noticed with all the adjustments this month: it's about a $0.50 loss to roll down the put side by 5 points when the...
SPX at 1176. Anyone using this pop to roll down the put spread? Still have a week to go...
Anyone have an account with Refco? Another rough day today so far....
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