Calendar Spreads

Today:

STC 5 OIH Jan 150 calls @ 6.80 debt
STO (20)140Aug ..credit 2.75
STO (20) 125/115Putspread credit 2.15

did this before the OIH pop so made a little with the put spread and lost with the 140. we'll se how Aug goes...

 

rolled the 140 Aug short calls to 145 sept calls for .45 credit. I'll let the put spread ride for awhile eat up theta

 

due to Chewbacca's foray into options I looked at XLE and decided to try a put calendar on this.
7/27
BTO Dec 55P -2.3
STO Sep 55P +1.05

net debt 1.25

 

I've been bidding the XLE SEP 58/AUG 58 Calls at $.85 since yesterday.

Also got the AUG/SEP VIX 15 Calls @ .85. Gone ITM on that one.

 

you should be filled this am...I'm seeing mid at .80

I was really hoping VIX would drop below 14 yesterday...was very interested in the Sept 12.5 puts to sell. Perhaps today

 

I see it. The ASK was at .85 for a while yesterday, just didn't get done.

 

Still bidding SMH AUG/NOV 30 PUT @ 0.85 since yesterday.
Getting close, but no cigar.

 

EDIT: VIX Entry was at .80 - I feel better now.

 

actually sept 15's on the VIX are very interesting...selling a spread 15/12.5 (put) might get 1.25...hummmm

 

Nice, 1:1 ratio.

Don't know why, but credit spreads cause me alot more angst than the long calendars do. And I have CTM calendars now on RUT & NDX.