"For now 1200 still looks like a good support point but just in case we break 1200 I wanted a small hedge and possible way to profit from the dip...
"If I only had $100k I would put it all in closed-end funds earning interest. That is my style so not everyone would agree. This way I could only...
"So my investments were already in closed-end funds and cash before I started selling the spreads." -- Phil, couple of questions: 1) Let's...
The strategy Phil coaches on this board is a rather sophisticated way of trading -- maybe not for the floor trader, but certainly for the...
Phil, Can you please offer some insight into: 1) what you do with the other 50% of your funds (I think you said you only write spreads on...
Phil, Last two days have been great for put spreads. Of course, assumption here is that we're not at the start of a market plunge. What SPX...
"For OCT I am looking at OCT 540/550 Put Spreads and for SPX 1170/1180 Put Spreads." -- Phil, what was the rationale behind looking at the XEO...
Ryan, Your link is quite eye opening. The gaps have not been as large as I imagined. Nevertheless, a modern day event such as 9/11 can...
Phil, When you choose the strikes, I know you look at support, resistance, trend lines,.... all the TA stuff. But do you also look at...
SmilingSynic, I think Phil has a valid point. If you're warning readers that a black swan can end a trading career after years of profitability...
The SPX closed today at 1227.73, but the opening price tomorrow is the settlement price. I've heard that the SPX can open on settlement day at...
Dr. OK, this is eye opening. (BTW, I know Phil's approach is never to be in a situation where the index and the short strike become close...
Dr. Let's say the example you gave is for SPX. Now let's try that same setup with SPY (1/10 of SPX). $0.40 on each side, total credit of...
Dr. Zhivodka, You're absolutley right -- buying SPX from the man stinks because he has a monopoly... but I do it anyway. Why? Well, try...
Phil, Great job managing risk on Friday. You wrote "The market maker is making money on every single trade I do from the bid/ask no matter...
I was under the impression that getting filled on the SPX at a dime below the MID works. But it is not working for me... anyone have any thoughts...
Coach Phil, What are your thoughts on using 15 point spreads instead of the usual 10?
Nickles and Dimes a Thousand Times!!! :D
Phil, I've been exploring something interesting and wondered if you have considered this as well. Instead of ICs with 30 or 45 days to...
Phil, When its so close to expiration each day's theta decay is significant. How does theta decay accrue on our positions. I think it only...
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