SPX Credit Spread Trader

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

  1. Right mouse click on the contract line after it's quoted and hit "Contract Info" > "Description".

    Also, when quoting, it states the option of choosing "CBOE" or "SMART" routing.
     
    #4951     Apr 7, 2006
  2. ChrisM

    ChrisM

    Got it, thx. What a confusing system...
     
    #4952     Apr 7, 2006
  3. Why do you use IB?


     
    #4953     Apr 7, 2006
  4. ChrisM

    ChrisM

    Mostly because commissions for ES options.
     
    #4954     Apr 7, 2006
  5. skanan

    skanan

    Yes. Here it is.

    SOLD -4 VERTICAL SPX 100 MAY 06 1225/1215 PUT @.45 CBOE, SPX MARK 1298.36

    BOT +1 VIX 100 MAY 06 20 CALL @.25 CBOE, VIX MARK 12.20

    SOLD -2 VERTICAL SPX 100 MAY 06 1225/1215 PUT @.50 using interactive brokers.

    Bought one more VIX 100 MAY 06 20 CALL @.20 on IB

    I followed Coach Phil SPX/VIX trade.

    I have more gun powder but would reserve it may be 2-4 more contracts.

    Added: TOS b/a spread seem to be off. It showed the mid only $0.45 on 1225/1215 put. However I put another limit order for $0.60 and got filled!

    SOLD -1 VERTICAL SPX 100 MAY 06 1225/1215 PUT @.60 CBOE, SPX MARK 1295.78
     
    #4955     Apr 7, 2006
  6. All in favor of SPX staying stuck in this 1295-1310 range for the next couple months, raise you hand and say "I".:)
     
    #4956     Apr 7, 2006
  7. Was tempted to sell some put spreads today but decided not to....... the market seemed "unhealthy" today...... am guessing we'll see more of this.

     
    #4957     Apr 7, 2006
  8. I do think your on to something. This am I was looking at those overbought/oversold oscillators and since Nov we have definitely been in a nice bull trending move...oscillators just barely below the neutral range a few times. It does seem rational to think that even though overall we are in a "bull" market, we should at some point test bottom's we haven't seen in awhile.
     
    #4958     Apr 7, 2006
  9. and I don't mean pic's of JA:D
     
    #4959     Apr 7, 2006
  10. [​IMG]


     
    #4960     Apr 7, 2006