Donna alert...decided to buy back my may 1215/1225 put spread (50) contracts....still have 25 1215 long puts dangling but because I did leg into the spread I'll log a profit and move on BTO 1.2 STC @ .25 net .95 will look to do another put spread may be next week
The leg you mentined is that the same ones that you commented on in a prior message? Nice legs or something like that. George
I was inspired by maverick and his endless banter about debit spreads, so i decided to add some variety to my boring trading as of late. So i opened the following position a few minutes ago. Yes, you guessed it right - DEBIT SPREADS 20 MAY SPY 130/128 bear put spreads for a $.40 debit. Max RISK $800 Max REWARD $4,000 (thanx to the put side premium skew) If a correction is in the works, now would be a good time to start. coach -> nice call on GOOG. EDIT: It turns out i was filled for $.35 debit. So max r/r is $700/4000
I think goog being up 30+ is skewing the spx? so many other stocks are not looking so good. will goog opening mean set is higher?
can't believe I'm sitting behind my computer and my face is red guess I'll never live that one down....:eek: edit..I'm going to be wearing long skirts and pants in chi
Got the following filled today: SPX MAY 1260/1275 bear call at $0.75 credit Also placed the following hedge: XSP MAY 133/134 bull call for a debit of $0.35 I was watching the XSP and the SPY and it seemed like the XSP debit spread was $0.05 cheaper so I purchased it instead.
RD ...don't you mean 1360? at first I thought that was a put spread thinking boy thats agressive!:eek:
I legged each leg into NDX for May today. 1650p/1675p/1825c/1850c for $4.40. I'm a raging bull. the 50/75calls didn't have enough premium for me. My APR spx call's are atm 1315/1325, we'll see when SET is reported. I have teeny weeny size on, so not too worried. I originally just had the 1270p/1260p and got a little greedy with the calls. I experimented with 5 pts for spx may. 1230p/1235p/1350c/1355c. I expect to adjust this beast pretty soon.