SPX Credit Spread Trader

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

  1. nlslax

    nlslax

    Not too bad Chicken Little. How about you?
     
    #7101     May 25, 2006
  2. I'm glad to see the two of you made up:p
     
    #7102     May 25, 2006
  3. nlslax

    nlslax

    Mom... Can't you see that he's picking on me?
    :mad:
     
    #7103     May 25, 2006
  4. yes they move together..LOL :eek:
     
    #7104     May 26, 2006
  5. If you use Firefox as your browser, this is a better solution

    Save pages/snippets, add annotations, highlight sections etc. Organize and categorize.

    MoMoney.

     
    #7105     May 26, 2006
  6. posted on the 16th

    Hey Ryan this is what I did with the 1370's to update my calls:

    BTO 1370 @ .55
    STO 1355@1.15 on 5/15 or 16

    5/17 BTO1360 @.50
    5/19 BTO1340 @.90

    5/23 BTC 1355 @ .15 (rather than close the spread it was just as cheap to buy back just the shorts)

    5/24 rolled 1360 to 1340 debt .25
    so now I have 2X 1240's for a debt of 1.15 but did pocket a small credit of .45

    so with a debt of .70 I'm the proud owner of 1 lot of 1370's and 2X 1340's

    so today I'm looking to sell spreads to at least BE on the call side :confused:
     
    #7106     May 26, 2006
  7. It's fun to watch the air gets sucked out of those fat put premiums. With the vix collapsing, the MM's are pricing these babies like it's Tuesday already. Anyone net short put premium must've loved the last 3 days.
     
    #7107     May 26, 2006
  8. not so fun if your TRYING to sell:( what a difference three days make:eek:
     
    #7108     May 26, 2006
  9. Going well, looking forward to the long weekend.

     
    #7109     May 26, 2006
  10. Anyone have any good reads or links discussing debit spreads
     
    #7110     May 26, 2006