SPX Credit Spread Trader

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

  1. FYI,

    IB's latest TWS upgrade now allows for trading in the weeklies...


    Also, the SET was 4 points higher than the high of the day today. These things could be very hazardous to your health...
     
    #2471     Dec 2, 2005
  2. JAN vols will go up soon , it's a reporting month
     
    #2472     Dec 2, 2005

  3. ssternlight

    How to access the weeklys prices on IB, Please give more details. Thanks so much
     
    #2473     Dec 2, 2005
  4. 1. Go to SPX line in TWS (or put SPX in)
    2. Select Options
    3. Select the nearest ATM Stike that ends with a 5 -- put or call -- for the current month (Dec now)
    4. Selec the contract that begins with a J

    That's it.

    According to the CBOE website they open the ATM contract and 2 on either side. After that, I don't know if they add additional contracts.
     
    #2474     Dec 2, 2005
  5. I have accessed the put prices and they are for 1235, 1250, 1265, 1280, 1295.

    I did not understand when you said ends with a 5

    please clarify
     
    #2475     Dec 2, 2005
  6. No worries. I only found the ATM with quotes when I looked. There were contracts that could be selected for the others but they had no quotes. I guess the one's actually traded are 15 apart. My apologies and thanks for the correction.
     
    #2476     Dec 2, 2005
  7. Kind of fun being excited about a flat day in the market....
     
    #2477     Dec 2, 2005
  8. ryank

    ryank

    13 days to expiration with the weekend eating into that nicely. I am 35 points OTM on the call side and 60 points OTM on the put side. A little more pull to the down side would be nice but I will take flat for now.

    ryan
     
    #2478     Dec 2, 2005
  9. Just don't turn your back :D

     
    #2479     Dec 2, 2005
  10. So, how are you playing this? Are you buying puts or calls, or strangling?
     
    #2480     Dec 2, 2005