SPX Credit Spread Trader

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

  1. Yeah, nice choice. Way to make options cool LOL. Do you get to push buttons with audio clips of JA saying naughty things intermittently? That would spice it up some.

     
    #6521     May 16, 2006
  2. Problem with using any sound effects is the Cramer comparisons... Also, I do not have his set-up with 5 rows of buttons, but I will someday :)
     
    #6522     May 16, 2006
  3. nlslax

    nlslax

    Don't forget to sloppily roll up your sleeves too.
    You'd think he would have discovered starch by now...:p
     
    #6523     May 16, 2006
  4. Coach;

    For what it's worth...

    I'm able to make it through an hour of your show with no problem.

    I've never been able to last 15 minutes with Cramer's show.

    Keep spreading the word.
     
    #6524     May 16, 2006
  5. MTE

    MTE

    Looks like we got more in comon than just expecting a bounce. :)
     
    #6525     May 16, 2006
  6. piccon

    piccon

    I am leaning toward closing my 1375/1385 for 0.05 debit. I opened it last week for 1.00 credit

    I would also close RUT 820/830 for 0.10 debit. I opened for 1.50 credit.

    At the same time, I want to let them expire worthless. With 4 weeks to go, I wanted to close them to free up margin for other potential play.

    Any idea?
     
    #6526     May 16, 2006
  7. Rally, that was helpful. Thanks.


     
    #6527     May 16, 2006
  8. ryank

    ryank

    I would close both. Why carry so much risk for a nickel or a dime?
     
    #6528     May 16, 2006
  9. Aardvark! Just listen to yourself! You are starting to sound like riskarb!

     
    #6529     May 16, 2006

  10. With only 20% of the time passed you are up 90+%. I cant think of a single worthy reason why you would want to hold them even if margin wasnt an issue.
     
    #6530     May 16, 2006