end of April or end of March? The market will be here when you get back...believe me you will not miss out.. Clear the board so you can focus your attention on your mission, once you get there you will forget very quickly everything that is going on here anyway. Best wishes and good thoughts...
You could do two things: 1 ) If you have OX, place a contingent order to exit the spread position at a defined point on the spx, AT THE MARKET. (since you don't know what the option prices will be) 2) If you have the best broker, TOS. Send an email to tradedesk@thinkorswim.com along with very detailed instructions on how you want the trade handeled, and they will watch the trade for you. I did this when I just went away to mexico, and Scott S was happy to have the trade desk monitor it. Just a note, TOS does not allow contingent orders with the trigger being the SPX since it's not electroniclly traded, you need to use the s&p future to trigger on. Also, the trade desk will try to get you filled at the MID-.05 or .10 instead of being filled as a natural on a contingent order. (they really need to have a pseudo programming language for complex orders ex (limit price = MARK - .10) sd
Hey there, I'd just like to reccommend a video series I just watched that is very applicable to the type of trading we are doing. Credit Spread, Iron C's, Calendar's and the reccommended type of trade the double diagonal are gone over in good details. Just a FYI Dan Sheridan's Market Maker's Guide to Income Generation 1-4 http://www.mycboe.com/LearnCenter/webcast/archive.aspx Dan might be annoying to some people, but there are gems of information PS: Can anyone give feed back on placing a double diagonal vs an Iron C in practice? I'm trading them on paper now and I like what I see, but I'll looking for the pitfalls
That's awesome! I didn't realize TOS would do that. I may leave some instructs for the few positions I'm leaving open. Awesome info... glad I asked the question. Thanks.