That is still a good fill. I've been trying for the same thing since we dropped back down and no takers. I've even been as much as 0.15 below the mid. Good job.
rdemyan, don't be too sensitive... this is an anonymous forum after all... it does not get more benign than this.... and it's your money so anyone that does not agree with you can stick it!
Sounds like you're pretty confident we're not going to break the 1250 support? Are you looking at any bull calls? I'm thinking calls or bull call spreads on Qs/NDX
yes coach i love this game and i will get better and better... by the way, would you please give me your opinion on my post.thanks
Waiting for all the MAY positions to clear out. Meantime I opened a new Diagonal: JUN/JUL SPX Call Diagonal SOLD 18 JUNE SPX 1310 Calls @ $3.60 ($6,480) BTO 20 JULY SPX 1350 Calls @ $2.95 ($5,900) Net Credit = $580 MAY POSITIONS -500 SPX MAY 1215/1225/1370/1380 Iron Condors @ $0.60 Credit = $30,000 Risk = $470,000 Return = 6.38% VIX CALL HEDGES Long 100 VIX MAY 20.00 Calls @ $0.20 Cost = $2,000 Long 50 VIX MAY 15.0 Calls @ $0.62 Cost = $3,100 DIAGONAL SPREADS Sold - 24 MAY 1345 Calls @ $1.50 ($3,600) Bought +30 JUN 1385 Calls @ $1.05 $3,150 Net Credit = $450 [/B][/QUOTE]
cache, i was surprised too, i was going to let it sit all day but got filled pretty quick. We will see ho wgood of a job it was when the SPX crashes another 20 points..LOL Here is the fill:
It was a good thing to take some profits off the table on your calls. Sometimes booking a profit right after a loss mentally gets you back in the game and gets your focus back. I am not 100% comfortable with 1215 as a short strike. I do not think we are crashing but as vols pick up I am inclined to give the market a little more room to run. I am personally looking at strikes below 1200 for JUN even with less than 30 days to expiration. MY advice is develop a hedging strategy now if we break 1240. Look into SPY hedges perhaps because if we fall below 1260 on a good move, then I do not see any immediate support I trust. Just over 45 points away from the index with 28 days or so left and different economic data coming is pushing it slightly in my humble opinion.