Coach (and others), Have you put on your DEC positions? I'm looking at 1150/1160 For roughly $1. Any thoughts?
Coach, How about using, say, 20% of your DEC credit and buying some SPX 1250/1260 (or something like that) bull call spreads?
Sorry, didn't notice it was a 5-point handle.
I'm back from a two week break and have done some thinking and wanted to get some feedback. Coach Phil, you are providing an excellent free...
Coach, For the 300 SPX DEC 1135/1140 Put Spreads @ $0.30, did you mean Credit = $9,000 Risk = $300,000 Return = 3%
rdemyan -- outstanding! Thank you for the effort.
For OCT, I showed a 4.5% profit. On the surface this looks good.... but on the Wednesday morning of expiration week I was up at a 19% profit. So...
rdemyan, this was a tough expiration week. Give me another week or so. I have put this task on my to-do list. It requires a couple of hours of...
rdemyan, You can get the 2SD numbers from the TOS platform. Or you can use this calculation (remember, time and volatility are really two ways of...
Yes, I noticed there is no credit for NOV in the 1270 area. Another options may be t choose a lower strike with a much smaller position.... or...
This is nothing to do with daytrading. I am not a daytrader. My point is that if an index can jump 25 points in one day, and an iron condor is 100...
Smiling, very well put. I don't want to put on a credit spread today with ATR(10)=14 and then a week later have the ATR(10)=25. I'd be toast. I...
10-day Average True Range for SPX went from 9 (around one month) ago to 14 (as of today)! This means if one puts on a spread of say 1130/1140, it...
Phil, I'd like to make a suggestion. As everyone starts to tally the numbers for OCT, it would be good if each person gave a couple of "lessons...
"Buy a otm longer term option and sell a closer to atm near-term option (for instance, buying a Nov 120 put and selling an Oct 119 put)." -- this...
Smiling, good point. The rising vol has got me thinking. I'm going to add a couple of calendars going forward, in addition to my credit spreads,...
PHIL, I agree, &*&#%& October, what the $*%^ was all these expiration games about? We're both short 1165. Think SET will dive below that?
Phil, Ask TOS again for ONLY options on ES (rather than the whole universe of futures options). I believe they are considering it since they...
MoMoney, Thanks for the link -- I have Summa's book. Please call TOS and ask for ES options. You'll be one of several who have (incl. me) and...
Similing, you wrote: "Plus no risk of catastrophe, as in the case of "credit spreads." Is this because the risk/reward ratio is better? Please...
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