Interesting... even while the market takes-off... Jessica gets more downloads than our SPX spreadsheet. Have to change the title of the spreadsheet next time!
To anyone still hanging on to a bear call spread with a short strike of 1285, what do you think? Hang on, adjust, spread, wait, etc.?
That was one of the best pics of her I ever saw. When I opened it I almost fell out of my chair lol. I want it to stay there so we always have a warm fuzzy place to go when the market stresses us out lol. I know take you back to (sigh) reality...
I did adjust this am but as part of my plan...not really sure it was necessary...... I'm now 1295/1310 on the call side...still looking to add a put spread(I closed the 1160/1185 on Fri)
Coach, I'm thinking about rolling out my Dec SPX 1285/1300 to January. Looking at the 1310/1325 for about a break-even scenario, which is all I want at this point. Any sage advice, wisdom or hard lessons learned you'd like to share. Also, if I decide to do this, what about the timing. Would I be better off waiting till the SPX goes up more or does it typically work better when somewhat further away. Thanks.
I have not been able to get a fill from OX all week. What the heck! I have a 1305/1310 call vertical with a limit of .90( seems fair with a .5 - 1.90 BA ) since this morning . Im trying to get my market on but the man wont let me.
Well the obvious advice is get out when I do lol. But I would wait a few more days since today's surge seems a little too euphoric. Give the SPX another 5 points or so to test 1270 again and then you can look into the roll. Remember that 11,000 on the DOW is a mental resistance point and that equates to about 1270/1275 on the SPX. I doubt the market has the strength to pierce it so quickly and so easily within 2 weeks. See what happens tomorrow. If the market is up + 5.00 you should still be able to roll if you need to. If the market moves back a little, you get some cushion and now 3 days of theta from Friday until Monday. Not a huge difference but prices may adjust. I have mixed feelings about moving from DEC to JAN 1310. It feels that although that is 45 points away, 50 days to expiration is a long ways off. The jury is still out on 1310 for DEC.....