Coach: You adjusted down to the 1165 short strike and held on yesterday even though I think the SPX low was around 1168-1169. You've certainly...
Point taken. I was only thinking of premium taken in, but you make a good point. On the other hand, our mantra is to manage risk which means...
I just called the OIC and requested that the following strikes be added for November: 1120 1115 1110 I was informed that if they are...
Yes, this lack of November strike prices is most annoying. I'm actually considering the 25 point spreads, because there may be some decent...
Well, I'm nervous about my position as well and had to adjust today. Unfortunately, I did not get a good fill on the newly purchased bull put...
I usually have CNBC on before the market opens. They talk about where the futures stand relative to "fair value". If below fair value, then they...
Exactly my point. When near expiration you can realistically only roll down 5 to 10 points. Depending on the market conditions, is this enough...
Coach: You made the adjustment, but I'm wondering, is there a technical support level that makes you think the SPX won't go below 1165, now...
Coach: Why do you say you think the 119/118 bear put is inferior to the 118 put. As you point out the 119/118 has a higher probability of...
Thanks for that information! I was primarily referring to bear calls that were put on before a crash, so these would be in very good shape....
Thanks, Coach. I've come to the conclusion as well that a loss is inevitable and the goal then becomes to mitigate that loss as best as possible....
Coach: I'd like to discuss a hypothetical event and hope that you will go through the general strategy you would use to deal with the event. Of...
Trader: I want to make sure I'm clear on this. Trading the futures market gives you access to the S&P futures outside normal Wall Street...
Followup to my post below. A couple of days ago I closed out the 1285 short leg on my Oct SPX 1285/1300 bear call spread. I was able to buy...
You must have been fighting me to get that filled. I had the exact same order, but here's the strange part. I had the order in for a $0.35...
Trader: I'm very interested in knowing what your plan is for a terrorist attack. Now that I too have "more experience" I feel like I can...
You say you had the order screens up and were looking at prices. Am I correct in assuming you would have placed a limit order. Also, would you...
Thanks, Coach. I'd like to explore this a little further. Having "been there" myself (and by that I mean ATM and ITM), I'm curious as to how...
Coach, thanks for detailing your plan, but.... I know you typically use 15 points between the SPX price and your short strike as a point to at...
Coach: As I understand it, you have an Oct 1165/1175 bull put spread. I'm curious to know if you adjusted that position?
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