Looking to put on an EOM short 1250 or 1260 and long OCT 1280 put to try out but need to be home and look at date...gone this weekend.
RR: I'm getting confused. Isn't the SPY 1/10th of the SPX? So you're talking about the SPY equivalents for the SPX values you mention, right? 2000K???! As I say to my better half, "Are you loco?". If I had that kind of coin, I'd be out on my extreme yacht, and not worrying about black swans, greeks and DDs. EDIT: Man, I'm a nickel and dimer compared to you
too funny...NO I meant my RISK would be about 2000K if I did a 10 lot (contract on the spy) I think of course I needed to be home with my handi dandi TOS platform to figure all that out!
then again maby I don't know my M's from my K's...coach is right two throusand dollars max risk and I mean 127, 128 etc spy
https://www.marketcompass.com/main/software/default.asp coach do you think the above software is useful?.
Did you mean overbought point? I think they are a better play when you expect volatility to increase.
Your right that it is better if vol does increase but I want to be on the oversold side of the ledger then have it oversell somemore! Lets face it timing is everything we want it just slightly oversold then wham after we set up our strategy we want it to take off to the down side and vols increase