I followed the spam on OC's journal over here. I like what i see so far. Seems to be more about credit spreads rather than the options on futures that Coach's journal has become. Thanks for the spam...
I'm talking about after we hit the highs around 1325 again. I am still bearish into the end of october.
Welcome, you'll notice that we also open a lot of ATM/CTM credit spreads over here. Seems like there are few of us that do this, but the benefits are there if you can take advantage of them.
That makes a little more sense. Nothing seems to be slowing this market right now so your chance should be coming up soon. Big news now is the Thursday morning and Friday morning reports coming out going into expiration. Should be fun as always!
Alright, for those of you who still have SEP CTM credit spreads on SPX. I am officially taking bets on how much higher or lower SET will be than thursday's close. We have a quad witching friday, which might cause some movement, but the CPI coming out will throw some spice into the mix too. IMO, any short within 10 points of the close is in the high danger zone. Anybody else want to venture a guess?
What was Greenspan's comment about "irrational exuberance"?? The SPX is so oversold anything could tip it over. My closest short is 1355. I'm calm. Ooooommmm..... Ooooommmm.... Cru
I'm VERY close to nervous zone..1330...my bet in Aug was that sep set would be within 10 pts either direction of 1300:eek:
Yes, I just went to church for the first time in 15yrs praying that tommorow will be a down day for the SPX. Just kidding, but I'm short the 1330/1335. Boy, last week on Friday I was already counting the $$, and now I'm biting the nails. I really don't want to close out this trade, there would still be a profit, but not a very big one. If we are seeing any type of market move to the upside, or even just hanging around the 1320 area I think I will close. What are you going to do? PS: Any comments on just closing out the 1330 and letting the 1335 ride if it's a big set #?