SPX Credit Spread Trader

Discussion in 'Journals' started by El OchoCinco, May 17, 2005.

  1. FT79

    FT79

    Does anyone trade this strategy on the RUT? If so, what's the difference between SPX and RUT regarding this strategy.

    Thanks,
    FT79
     
    #11541     Nov 1, 2006
  2. Crucis

    Crucis

    Gettin' close. SPX just hit 1369.75. When did you say it would hit 1365?

    Cru
     
    #11542     Nov 1, 2006
  3. Crucis

    Crucis

    Which strategy do you mean? We talk about a bunch of 'em. :D

    Cru
     
    #11543     Nov 1, 2006
  4. Hard enough to pick direction, now I have to pick the date lol...

    I expect it to happen in the next few days ;)

     
    #11544     Nov 1, 2006
  5. FT79

    FT79

    Sorry I'm new to this thread and up till know I'm at page 200 :) And also reading the newest posts.

    Basically the strategy of Optioncoach, setting op Bull Putspreads and Bear Call Spreads.

    Thanx,
    FT79
     
    #11545     Nov 1, 2006
  6. RCMLLC

    RCMLLC

    I trade the RUT with with this strategy with variations in adjustments and hedges. Tighter b/a and more volatile but I prefer it over the SPX. Same risk management principles apply.


     
    #11546     Nov 1, 2006
  7. Crucis

    Crucis

    To return to your original question, yes, I have traded credit spreads on RUT. The volatility on RUT is much greater than SPX. It's easier to trade IWM or IWO instead using credit or calendar spreads. Better R/R, IMO. YMMV. :D

    Cru
     
    #11547     Nov 1, 2006
  8. weeeee, got my put spread order fill on this little SPX bear cub run down. Hmmm, it's kinda steep and looks a wee-bit kinda serious... :eek:

    Ha ha, uhm, now I am now beginning to wonder if I just got my new bottom heavy Iron Condor sucked into a bear trap. :eek:

    Oh the joys of living with the daily 10 point swings in a "low volatility" and under compensated market haha. Anyone here believe in VIX ?

    You know you are hopelessly addicted to ICs when you start giggling on the order fills only to find just 10 minutes later one is calmly waiting for the Dr-Jekyll and Mr. Hyde neurocies to start turning the giggles into hysteric laughter as the market keeps moving sharply toward your new condor. How else can one bake one's cake and eat it before its settled and still nervously laugh ?

    IF
     
    #11548     Nov 1, 2006
  9. 1366.26 low on SPX.. too bad time value premium still keeping the credit spread high lol...
     
    #11549     Nov 1, 2006
  10. ChrisM

    ChrisM

    MMs still expect market to go up. How about buying some next exp calls ?
     
    #11550     Nov 1, 2006