Well I threw XTRENDERS and Mitch into GOOGLE but came up with nothing. Sounds like an interesting look see.
Does anybody have a URL for real time data charting of the OEX? Used to have this 20 years ago, but long lost now For Stanford For the NDX I have 2000 for CALL spread and 1750 PUT for an Iron Condor pick. So far, nothing showing in premiums for the 2000. Just waiting for the market direction to steady down. Can anybody tell me what the LETTERS mean coming after the premiums on the TOS option chain for the NDX? Why WEEKLIES? Weekly trading are TIME DECAY TRADES. As far as I can figure it MONTHLY trading are more about directional trading. I don´t really know about this, as I´m just starting to play around with the monthly premiums and deltas and see what is what?
Dr. Gonzo I did find the website for Xtrenders.com thankyou. Best thing I got from it, was a vacation spot he mentioned in Turkey called Yalikavak, Bodrum Turkey. Going to look it up and see if it is worth a vacation? Place for sailors, or yachties was the impression I got. Regarding OEX turning points. Vertical Credit Spreads are very forgiving and do not need a turning point. BUYING OEX OPTIONS would need that, but not SELLING Vertical Credit Spreads. Any set of trend lines will give you that eventually and in plenty of time to make a trade.
falconview, I dont look at the monthlies that way. I look at them as time decay also, but sometimes you will be able to take advantage of a significant market move like this month. Still primarily looking for them to expire worthless. Did you try the desktop version yet? It has both live trading and paper money, so I assume if you have an account set up for live trading you can get the live quotes. haven't tried it yet. Michael
Is there somewhere I can get the statistics for the NDX, the historical % weekly and monthly changes in the market? thanks Michael
I have slow wireless dialup internet at 115 kbps. Too slow and too small a bandwidth to run the TOS desktop version. I´m expecting one of two new approaching Internet providers to arrive in the next few months. They want $300 a month or so though. My brief look at the NDX weekly didn´t impress me much. There didn´t seem much in the way of premiums and so forth. The OEX is much better in the weeklies. The monthly NDX I´m trying to see what happens to prices for the ASK in an Iron Condor, to close out and also watch what value the Delta would have for the most optimum price system, or whatever idea pops out of the woodwork. Not much action today, so nothng got done, except I put on some scrap paper spreads in an Iron Condor to track premium change and Delta for a directional trading idea. Looks like so far I have to rely on my OEX Weekly trading.
For statistical data you want just print out six months,s or a year of monthly bar charts, or weekly and figure the open, high, low, close and do your calculations. Thats what I did.
Really a humdinger this afternoon Wednesday. The premiums are all over the place both in the OEX and the NDX. In the NDX surprisingly enough I cannot even find the strike prices I want. Actually same in the OEX but not quite so bad. Just have to wait watch and see. It does look like the market is hesitating before going down though? Running out of MOMENTUM FAST.
falconview, I was hoping there was a higher tech faster way to do that. I practiced with my first adjustment yesterday. I had the 1750/1725 put spread, and I wanted to try changing to the 1725/1700. Did that, cost to me for 20 contracts was $1100. So if you have to do that a few times to avoid getting in the money, you can avoid the big losses you were talking about. The key is do this early enough for it not to be too expensive. I will continue to look at the 150% rule and see how that works. We were not far from you (relatively) in the winter when we were in Panama. We have a condo being built there, and would love to spend more time there in the winter. Would have toplan a trip to Belize to look around. Michael