"For example, one can sell the 1150/1165 put spread and purchase the 1190 E-mini puts still resulting in a significant net credit." -- Super...
Phil, "I am studying the use of futures and options on futures on the S&P as not only hedging tools but also to increase my returns." -- So...
"A down day does not change any of my previous risk management rules - adjustments only if the index moves within 15 points or so of my short...
Phil, Hard move down today. I think there's going to be more of this for a number of different reasons. Anyway, the 1165/1175 put spread...
I meant put on a new put spread on a down day like today, not close it out.
The 1165/1175 put spread that you (and I) put on a few days ago is now going for $0.65 (roughly 2/3 of what we got).
"I do not mind if the market moves towards my strikes, I just mind if the index enters my front yard at 15 points or so away from my strikes. At...
Phil, "If the SPX gets close to 1245, previous resistance, I may consider opening a call spread" -- do you generally wait for the index to...
Phil, If you believe the market is very likely to move against you in the near future, do you ever prematurely exit a credit spread even if you...
The mid was $0.60 (according to the thinkorswim platform) when I posted it, at which time the SPX was 1231 or so. A couple of minutes later,...
Sorry -- that's what I meant -- the SEP 1165/1175 put spread for 0.95 cents credit, from 4 days ago is trading for $0.60 right now.
Phil, The bear put spread from a couple of days ago -- 1265/1275 at $1 (0.95 for you) is trading at $0.65 -- and that's only four days after it...
Phil, How about looking at a SPX Sep bear call spread -- 1265/1270 for $1.10?
Phil, Thanks, that's very clear -- thinking of losses in terms of "profitable month units" is a good way to look at it. If one had 3 losing...
Phil, There are other (I know at least 3) entities who trade by selling deep OTM spreads for around 5% return/month -- very similar to what is...
Phil, What was your thought process in choosing 1165/1175 instead of 1160/1175?
ryank -- SPX. At one point the mid was up to $1.20.
Just got filled at $1
Phil/ryank -- thanks, makes sense (as long as it's not the start of a downturn, but that's what support/resistance is for). Just for fun, I...
Phil, Please explain a bit about buying put spreads on down days and call spreads on up days -- it is a bit counter intuitive!
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