SPX Credit Spread Trader

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

  1. If you trade significant volume with OX, Gainskeeper is free. I used it and it was free, (very slick & quick) - I'm not sure what the threshold is to get it free.
     
    #5191     Apr 18, 2006
  2. ryank

    ryank

    The premium on the 1345/1355 is pretty good, really dries up after that though.

    ryan
     
    #5192     Apr 18, 2006
  3. rdemyan

    rdemyan

    Took some time, but I finally got filled on the following:

    May 1345/1355 SPX bear call at $0.65


     
    #5193     Apr 18, 2006
  4. Maybe my skirt is on too tight but I am too yellow for MAY to grab the 1345s lol. My fear is we finally break 1311 and then we have room to run leading into MAY fed meeting. Not to say that 1345 is a bad strike at all but I am being a little risk adverse on the upside as I look for potential call spreads to roll into an IC for MAY.

    I may grab some 1375/1385 for $0.15 just to finance my put hedges and bring my total credit back up since those strikes seem quite safe for now. We will see :)
     
    #5194     Apr 18, 2006
  5. Hey Donna,

    I sas that you have your IRA at TOS, do you pay an annual fee? I just got my first IRA statement and they charged me an annual fee, I did not thinkl anyone charged that anymore!

    Thanks

    Cody
     
    #5195     Apr 18, 2006
  6. rdemyan

    rdemyan

    Yeah, I'll be looking to buy a SPY hedge here on the next down day.

    I'm currently trying to unload my existing May 1370/1385 bear call for $0.10 for a nice tidy profit. No takers yet, unless you're in a giving mood. :)

    Actually, that brings up an interesting question. Is it possible to specify a trade between two individuals. Probably not with electronic trading but the SPX uses humans so I'm just wondering.

     
    #5196     Apr 18, 2006
  7. no wonder I can't get filled:p
     
    #5197     Apr 18, 2006
  8. yes..my husband complained but everyone chgs. IRA fee
     
    #5198     Apr 18, 2006
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    #5199     Apr 18, 2006
  10. Funny.... I usually picture you the same way :D

     
    #5200     Apr 18, 2006