If we push and close below 1341 on the futures, I would expect us to reach for 1330 in the near future on a normal pullback. With SPX I see a break of 1330 taking us possibly to somewhere near 1320..
Phil, it is very difficult to get a mid fill or close to it with these CTM spreads especially the last 3 weeks of the cycle. I often use the ES paper instead.
Well i am sure you've noticed but it is likely that it was a small retail order that stepped inside the market on one of the legs and distorted the resulting combo quote. I dont remember how many times I've sat at 5 cents off the market with no fills. Unless you see 200+ lots on all four sides of the combo, i wouldnt even expect a fill at/close to mid point. Theoretical mid point is often not the same as the screen mid point.
risk, in your opinion; can one over the longterm trade short options for substantial profits 3 sigma's out?
My experience over the last couple of months, low risk on the upside. Can make a good profit on a reversal, but can make consistent income on just the pullbacks.
-------------------------------------------------------------------------------- Quote from domestic: risk, in your opinion; can one over the longterm trade short options for substantial profits 3 sigma's out? -------------------------------------------------------------------------------- How do you suppose this guy's doing it? http://www.ljmfund.com/content/history.html