SPX Credit Spread Trader

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

  1. Can you tell me where on the TOS software you are pulling this, I have TOS

    Thanx for your help!
     
    #7421     Jun 6, 2006
  2. ryank

    ryank

    Go to the analyze tab, then click on the Probability Tab towards the middle of the screen. You change sigmas in the prob range box.
     
    #7422     Jun 6, 2006
  3. #7423     Jun 6, 2006
  4. opened 1235/1240 bull put spreads for $1.5 credit.
     
    #7424     Jun 6, 2006
  5. Thanx for the help!
     
    #7425     Jun 6, 2006
  6. #7426     Jun 6, 2006
  7. ready

    ready

    Rally
    Are those June or July, seems a bit aggresive do to the fact that the dow just broke thye neckline in a head and shoulders pattern
     
    #7427     Jun 6, 2006
  8. June, its purely a very short term directional bet, will close on the bounce when the volty collapses. The dow is of little concern to me. I hardly even watch that thing. Besides, i had teh same spread for $1.2 2 weeks ago, i dont see how today is any worse than two weeks ago.
     
    #7428     Jun 6, 2006
  9. Agreed. DJX isn't very useful in directional forecasting.

    I also like your position. 1245 is still the strong support line for me. I've been toying with the idea of balancing out that unbalanced IC I've got.

    [edit] also I'm expecting a move back up towards 1280 by next Tuesday accompanied by a >200bp drop in vols.
     
    #7429     Jun 6, 2006
  10. #7430     Jun 6, 2006