SPX Credit Spread Trader

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

  1. forgot to mention, these would be close to the money spreads (anywhere from 20 - 30 points out).
     
    #9321     Aug 10, 2006
  2. No way to get filled at mid for RUT unless the market is moving against you.

    Yesterday I got filled @0.7 for 650/640 aug put and then the mid of the spread became 1.0 once it got filled. (The market dropped, and vol increased) The mid was 0.8 when I placed my order.
     
    #9322     Aug 10, 2006
  3. havent traded the RUT but this quote may help you, I just happen to be looking it up myself, it was an answer to a question I had posted about cutting into the b/a

     
    #9323     Aug 10, 2006
  4. ffa99

    ffa99

    What software are you using to create these charts? Does Tos offer this?

     
    #9324     Aug 10, 2006
  5. ryank

    ryank

    Those are charts direct from TOS.
     
    #9325     Aug 10, 2006
  6. $25k is a rip off. AN individual can create an LLC for as little as $350. You could pay a little more for some taax/legal advice but a multiple member LLC is cheap to set up and takes 5 minutes over the phone. $25k.... damn lawyers..

     
    #9326     Aug 10, 2006
  7. ryank

    ryank

    http://www.legalzoom.com/pricing/llc_pricing.html
     
    #9327     Aug 10, 2006
  8. I think we are in a professional employment bubble.All the lawyers, doctors and the other professionals are gonna find themselves in a crash soon.
    we can hedge ourselves by starting businesses and selling them to those professionals when the bubble bursts.

    my 2 cents....
     
    #9328     Aug 10, 2006
  9. ryank

    ryank

    If you know any lawyers, doctors or other professionals that have already crashed and want to buy a business let me know, they can buy mine :D! Maybe I could be like Phil and be a full time trader in a secret trading bunker :p.
     
    #9329     Aug 11, 2006
  10. segv

    segv

    Sailing,

    Some recent pricing information that might help you:

    Single-Person LLC w/1year Accounting: $1000-$2500

    Multi-Person LLC w/1year Accounting: $2500-$5000

    Small Hedge Fund w/1year Accounting: $10,000-$25,000

    Large/Offshore Hedge Fund (Legal/Entities Only): $25,000-$150,000

    -segv
     
    #9330     Aug 11, 2006