SPX Credit Spread Trader

Can you tell me where I can go to find the 1340/11345 for 1.50 credit 5 days ago?

I haven't been able to find it.

 

If you are bearish then whats the problem with getting into bear call spreads?

Here is my question to you though, you say last week you werent ready, this week you are. What has changed?

 

I got filled on the 1335/1340 at $1.6. The 1440/1445 had mid point of $1.3 at that same time, but i chose the 1335/1340 instead. Market rallied a few more points after i was filled so you could've picked it up at around $1.3-1.4. If you legged in probably even better.

 

i guess you were the one who took my es day trade money today, you devil :eek:

 

> Jun 1360/1380 call
>
> 1260/1230 put
>
> Sold spread today for 470.

Assuming 10 contracts, your margin is $30K on this. Your yield if everying goes perfect is 16%. But you are within a standard deviation on your calls and puts. This would not be considered FOMC.

This is something I'm looking at, but not till next week:
June 1370/1375 C and 1250/1245 P for a credit of .80... Yield is 15% if expires worthless.

We'll see if the MM's will give it to me.

Hi OptionCoach! Been reading your thread for 8 months, really enjoy it.

frisbeeca

 

Waiting for confirmation from SPX indicators. Today was just the first step getting myself into it.

If I was trading OEX this month, My indicators tell me to sell Bear
Calls right now. But I don't want to.

 

lmao. the sekrit is out!

 

the call side has a mid of .10, the put side has a mid of .20. Please tell me how do you expect to get that IC for .80 next week?

 

> Quote from frisbeeca:
>
> This is something I'm looking at, but not till next week:
> June 1370/1375 C and 1250/1245 P for a credit of .80... Yield is > 15% if expires worthless.
> --------------------------------------------------------------------------------
> the call side has a mid of .10, the put side has a mid of .20.
> Please tell me how do you expect to get that IC for .80 next
> week?

Well I will probably have to cave to .70, but from past experience I'll probably get .40 on the puts and .30 on the calls being out 45+ days... When I put it on, I'll let you know what I receive for fills. If I can't get .70 for it, I won't put it on.

 

I suspect Rally was looking at the May options whereas fris is looking at June options.