Typo. It's synthetically equivalent to a 1370/1365 OTM PUT debit spread for circa $1.90. Possibly better fills on the OTM debit spread. Short THETA. MoMoney.
Not on the SPX, b/a was as wide on the credit as it was on the debit but I actually got a great fill on the credit. Inside B/A was $2.65/$3.60 when I got filled.
Ahh but my position is not a bet against the market, just playing a technical pullback that was developing during the day. Still could as a dip to 1365 is not even a dent in the uptrend.
Looks like CHIPs are trying to help you out. SOX isn't really going to make a move until 10:30 though. If oil rallies I think SOX will push SPX just low enough for you to make some money.
SPX headed down a little finally today (about 1375)- trying to pick up some more put side to my 1335/1325 condor at a good premium but my broker held my order before submitting to market and it ticked up!! Anyone else having problems with brokers having a man in the loop to manually approve the larger option spreads submitted via PC? I have missed a few fast moving opportunities on spread orders now because somone was asleep at the wheel at Fidelity Brokerage and I missed the price by a nickle to a dime on the limit order... ST
As you are a good customer, call Fidelity and ask how you can get around this manual check. If they decline to help, tell them you expect to receive a fill (from their error account) every time they delay an order. What can they do but refuse your request? Alternative: Ask the maximum number of contracts you can submit to avoid having them manually approve the order. It may be worth a few extra $8 fees to avoid the delay. Mark
I used to have. But it was more than 10 years ago, in the beginning of online future trading. Looks like your broker is not for this type of trading.
I think it is Fidelity. I use Fidelity too and it seems to me that the order is delayed most of the time. Fidelity is the worst broker among the three brokers that I use for option trading. You usually get the worst fills with Fidelity.