SPX Credit Spread Trader

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

  1. works fine, just dont spread maria's legs too far or you may get lost in the hole :D
     
    #5921     May 2, 2006
  2. piccon

    piccon

    Next time you place one, can you post it? I want just to see an example of your short strangle



     
    #5922     May 2, 2006
  3. cdowis

    cdowis

    >market view is slightly bullish

    My position had 20 ticks on the call spread and 30 on the put side. This made my position slightly heavier on the put side -- fine tuning the position to reflect my view of the market.
     
    #5923     May 2, 2006
  4. cdowis

    cdowis

    >increading the position size.... a martingale

    Not really. He just gets out after the one adjustment.
     
    #5924     May 2, 2006
  5. In a sincere effort to develope into a better trader I have undergone a sex change...(men ARE smarter...arn't they:confused: :) ) Unfortunately one of the side effects is the loss of my "woman's intuition"...therefore I will not be issuing any further "alerts":(

    I do however have an animal friend with great animal instincts that will be joining and hopefully contributing to this thread, and will be following his picks quite closely.

    RIP
     
    #5925     May 3, 2006
  6. Donna :confused: do I call you Richard?

     
    #5926     May 3, 2006
  7. RR or Don...will do:D
     
    #5927     May 3, 2006
  8. ryank

    ryank

    Looking to get into some June puts today with the pullback. Throwing out a line at 1220/1230 to see if I can get a hit.
     
    #5928     May 3, 2006
  9. For JUNE I am looking at 1230 at the highest for puts and about 1380 or so on the call side if I choose to do calls. I think May will be a lot of bouncing around so if I can get in MAY in a the next week or so, I can maybe get out in the beginning of June.

    We will see..
     
    #5929     May 3, 2006
  10. Still too close to the middle opf the channel for me. I'm willing to sit it out a bit longer, and wait for a better entry.
     
    #5930     May 3, 2006