SPX Credit Spread Trader

If you have the ability to sell index futures... do it. If we get any reasonable pop from the deep futures disc:cash tomorrow, cover all your bull verticals.

 

You really think it is that bad?

 

Newbie questions:

I. Is SPX cach settled?
2. American style or European style?
3. What is the risk for each one point (or 10 points) strike difference? meaning, for each Bear Call Spread like this +1265C/ - 1255C, how is the risk calculated?

Thanks

 

All info on this and all other indices can be found at www.cboe.com

 

Not trying to add to public hysteria... but the close was as ugly as I have seen, barring exogenous [non market] events. I haven't seen my bbg news page, but I can't imagine any osama tape or bird flu news causing this action.

 

All it takes is a couple of beers.

 

Hey, bird flu is a big deal!!! LOL

 

BTW, I do think we will reach 1245 tomorrow, but I'm still predicting that we will stall there for a bit.

(Of course that's what I'm predicting. That's where I profit the most.)

 

This thread is very quiet when the market is selling off. You people need to cheer up. Everything will be alright.

Our JA is #2 on Maxim Hot 100.

 

Futures are trading 700 under cash.