SPX Credit Spread Trader

I am going to wait for moday to enter my Put position. I have been bearish on the market since last week and already but a lot of SPY128. I am willing to go 1230/1240 and dare the market to go that low.I would make a lot of money.

I will wait and see but I know FEB and MARCH are not going to be good.

 

When you say someting like:

"I am willing to go 1230/1240 and dare the market to go that low.I would make a lot of money."

you have to realize that the market loves to prove you wrong when it can. You do not want to be that guy on the beach with a hurricane approaching daring the wind and the water to knock your house down.

 

It's a way of talking (joking). I am a chicken and would never dare the market. I learned my lessons and have been trying to get 3-4% return every month. If I can get 2% and safe I will too. I am making sure my portfolio doesn't desintegrate.

Lately I have been playng Spreads strategy on stocks too and I have been ok so far using a simple formula:

10% return minimum and 10% protection minimum. I marry this with my entry point. Call spreads when overbought and wait for stock oversold to complete the condor. So far so good.

 

Went through 1272 which is the prior market high from Dec. Panic selling is supposed to set in now.... we're already 12 points down, not sure how much more...

 

LOOK OUT BELOW......SPX down through some moving average support. Down -16.18.

 

Coach,

I thought the SET value would already be published. It's now 12:05 and I can't find it anywhere.

Is it out?

 

What was JAN SPX settlement ?

 

Usually out close to 12:30 PM.

 

Is it true that OE will free you JAN position margin after SET assuming your positions are out of the money ?

 

You have to call OX directly and ask them and they can do that.