Just curious, why did $10k disappear from your account? Did I miss something? Good Luck Phil
Showoff LOL. Good luck with the trade. You may be bale to close out the trade in a few weeks for a good return and still open another JULY...
WOW that is a great return on margin! Nice fill! Looking at the charts they seem like great OTM points with high % of probability. I tihnk it...
I am reading this article in today's Money & Investing Section of the Wall Street Journal talking about how "Narrow Market Ranges Stymie Wall...
Took advantage of the dip today to add a small JULY Put position. Sold 100 JUL 1140/1145 Put Spreads @ $0.40 Credit = $4,000 Margin =...
Sorry I did not see your question which got buried. Here are some answers: 1. I believe SPX is still the best given the volatility skew and...
Why not just use OptionsXpress or InteractiveBrokers and just trade yourself? Or is there a reason you are linked with this group and giving up...
SPY is 1/10th the SPX and OTM premiums are non-existent. There is no premium to sell OTM with low risk. I use SPY for partial hedging since it...
CLOSED POSITION: Took my JUNE scalp off. Remember that I had: 65 JUN 1145/1160 Put Spreads @ $0.65. I closed it out for a net credit of...
Lets just stick with trading spreads on the SPX which is what this thread is all about. :) Phil
No arguments needed cause there is nothing to argue about. It is futile in that sense to say a strategy is not worth it. I am making money with...
Also, many institutions are net buyers of OTM puts for heding purposes so there is a very liquid market with respect to SPX front month options....
OPM? Sorry I did not understand what you were trying to say? Phil
Locking in some more JUNE profits and opening margin for my JULY trades. Closed the JUN 1230/1245 Call spread which is quoted below. Closed...
Lots of good questions. My best advice is to start slow and remember it is a marathon not a sprint. WIth this strategy it obviously helps to...
I have heard many different takes on this but talking to some market makers I have hear that larger round lots are easier for them to hit and...
If those were the bid ask quotes I saw I would probably start at $1.30. The chances of getting split right down the middle are not the best in my...
I use OptionsXpress and their quotes. They allow me to open an option chain on SPX only looking at put spreads which shows the bid/ask spread for...
More JUNE scalping on a down dip day. Sold 65 JUN 1145/1160 Put Spreads @ $0.65 Credit = $4,225 Margin = $97,500 ROM = 4.33% This is...
Added some more positions for July, this time on the call side. I was able to split a b/a down the middle for a nice OTM bear call spread. My...
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