Today I bought the Nov 1240/1250 spread for a debit of .50 Risking .50 to make 10.00 Not bad if we get a good rally this cycle. If we get any...
Coach, With all the cautions being expressed about entering call credit spreads this cycle, would it make sense to expand this discussion to...
Here are my results for the October period, my first using this strategy. Call Side: 9/6 Sold 10 Oct 1290/1280 call spreads for 1.15...
Hey Guys, there is a lot of truth on both sides of the argument. But isn't it also true that the appropriateness of a strategy depends on the...
Gatorplease, Thanks for sharing how you handled last week. I am quite new to this but I pay attention to support/resistance. I saw support at...
Oh Boy! I have been following this thread from the beginning. The past few days of this discussion have been most educational! As we know...
Thanks for the informative reply coach. Your points are well taken. I occasionally make trips overseas for business and pleasure, and at such...
Coach, I am looking into using contingent stop loss orders to exit these spread positions to cover my but during periods of time that I am...
About 10 days ago I put on a SPX OCT 1190/1180 spread for 1.00 At the time the index was moving up nicely and a short strike 50 pts OTM seemed...
Thanks for making that point Dr. Vodka. The guys at tos also stress looking at the sums of your greeks of all open positions when considering a...
d & d - old man, old investor, young at options.
Coach, I have a 1280/1290 entered last week for a 1.15 credit. With the market down I want to grab profits and am looking at current prices and...
Tom Sosnoff is big on the IWM. But that index can easily move 5% in a month, and there is little premium beyond a few % otm. So IC's only work in...
I know they have seats in the SPX pit. As a customer I will just demand great fills. :p
I recently attended several live trading sessions with the guys at thinkorswim. Theirs is a great trading platform that automatically fills in...
3:45 CST its now .80 I would not expect to get that - maybe have to shave it to .60/.65 still alot more than .05 on the SPY. How do you shave that?
Sorry but I don't see that. In the last hour the midpoint of the SPX 1280/1290 was .65 while the midpoint of the SPY 128/129 was .05 Am I...
We are trying to trade the SPX because of the premiums available deep OTM. What would be a more appropriate instrument to trade credit spreads...
Coach, So you are saying that what the chart is saying is more important than an expectation that past patterns may repeat? You have...
Phil, Thanks for letting me look over your shoulder. Your generosity should help you sell loads of books. I am wondering how you plan to handle...
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