Well, the SPX is under 1175 and I sold 1200/1210 call spreads for $1.10. May sound a bit bold/risky but the market internals are so bad and with...
rdeyman, I won't speak for coach but I'm sure the small 5-point roll has a lot to do with the little time remaining to exp.
"Sold lower strike SPX Call Spreads at 1220/1230 @ $0.25" -- Phil, did you look at 1210/1220 for $0.75? SPX is currently at 1180 and that...
"and if we move close to 1180 i may be forced to adjust down another 5 points or so for more cushion for the remaining 6 days or so of trading."...
SPX futures (symbol /ES5ZG on TOS) is down -2.75
Phil, I'm beginning to think it is inevitable that the 1160/1170 will have to be adjusted. Here are 3 possibilities for rolling down...
Phil, Any thoughts on using OTM put calendar spreads as hedges?
Phil, Many here are end-of-day traders. I do look at one-minute realtime charts using the TOS platform but it's not "second nature". You...
"Are you considering any adjustments to Oct. 1175/1165 put spreads. I beleive that we are close to the 15 point "danger zone"." -- Phil, I...
Phil, My OCT 1160/1170/1265/1275 is now worth 0.70. I received 1.45 credit for it, so I'm at around 50% of max profit. I'm wondering if I...
Phil, " In July I went on a cruise for 10 days and checked in 2x using internet for a toal of 30 minutes." -- yes, this is the benefit of...
Phil, This is a very helpful analysis. By the way, I know tat you used a fly to hedge your put spreads recently. Do you recall if that had an...
Phil, "However, remember that more time should mean that you go further OTM for protection. So do not choose strikes in November that you would...
Phil, Oct 1270/1280 spreads are $0.25, Nov are $1.35 Think it's worth considering the latter?
Shawn, I did some comparisons of selling spreads 30 days out versus selling 90 days out. The 30 day spreads' returns won hands down (I divided the...
Phil, Appreciate your thoughts on this: I sold SPX 1160/1170 put spreads a few days ago for 0.90. I think I can unload them for 0.55 today. If...
Dr. Zhivodka, I do the risk calculation a little differently. I calculate the worst case scenario, say vol up 10%, index 10 points away from...
"Also, adding a FLY on the SPX would be messy for me to have my SPX credit put spreads and then SPX puts as part of the FLY all mixed in. I have a...
"Today I bought 30 OCT SPY 120/117/114 Put Butterflies @ $0.45" -- Phil, could you explain a little about how you selected the strikes for the...
Thanks Phil. Another question that may sound "dumb" but it's probably not obvious to some newbies (at least it was not obvious to me until I...
Separate names with a comma.