SPX Credit Spread Trader

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

  1. Those anxious to see the SET can get an idea by quoting the symbol SET with their broker if they support it. If not, here is the delayed version:

    http://cboe.com/DelayedQuote/SimpleQuote.aspx?ticker=set

    Those numbers aren't final but will give you an idea of what to expect. Looks 1401-ish so far.
     
    #12101     Nov 17, 2006
  2. So many top callers out there.... signs seem to be falling in place, but man, am I skeptical:cool: I don't think the market will ever go down again.:D
     
    #12102     Nov 17, 2006
  3. The delayed quote 1401.07 was actually yesterday's theoretical set. It has nothing to do with today's actual set.

    The set for today is 1394.31
     
    #12103     Nov 17, 2006
  4. Thanks for the tip rally. right now I'm seeing SET as 1394.31(noon ET) which is a good 6 pts lower. That would be very interesting if we have a set lower by more than 5 pts. haven't seen that in awhile.
     
    #12104     Nov 17, 2006
  5. ryank

    ryank

    If 1400ish is the settlement that would have been near max profit for my DD that I just closed the other day. With the market powering higher I couldn't take the chance. Still glad I got out when I did (ok, I really wish I got out the day before, would have been more profitable :p).
     
    #12105     Nov 17, 2006
  6. Correct. I misspoke. For some reason i thought it worked like the VIX SET.
     
    #12106     Nov 17, 2006
  7. 1396.31 does seem to be accurate...my margin has been released...anyone else?
     
    #12107     Nov 17, 2006
  8. You meant 1394.31, right?

    The easiest way for TOS traders here is to get a quote for set. It will update it once it is available.
     
    #12108     Nov 17, 2006
  9. right
     
    #12109     Nov 17, 2006
  10. Its official 1394.31. Gap down and it followed today's market trends very well also. Not bad - it actually makes some logical sense this month. 'Cept, now the bulls look ready to run again just as I tried to pick up my Dec Bull Put credit spread portion of my new Dec IC. Bummer, I was within a nickle of getting in too...

    Anyway, glad I covered my long Nov "SET Bet" 5 minutes before the bell yesterday - still was not a bad bet and it only cost me .3 debit to get out of it when I saw the bull run fizzle. I blame OptionsCoach for putting up a hedge to scare the bulls. Seems to be a reliable negative indicator... :D

    TS
     
    #12110     Nov 17, 2006