Looking for a bounce?
#1
Posted 06 May 2012 - 04:41 PM
#2
Posted 06 May 2012 - 05:23 PM
Edited by CLK, 06 May 2012 - 05:25 PM.
#3
Posted 07 May 2012 - 04:38 AM
Edited by arbman, 07 May 2012 - 04:41 AM.
#4
Posted 07 May 2012 - 11:26 AM
#5
Posted 07 May 2012 - 01:27 PM
It's a battle at the necklines on the daily charts
I sold the weekly options at SPX 1400 as I was not sure whether it would bounce or go straight lower.
I will be the most surprised if this market manages to go over 1400 this week...
#6
Posted 07 May 2012 - 09:46 PM
http://globaleconomi.....end Analysis)
#7
Posted 07 May 2012 - 10:25 PM
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#8
Posted 08 May 2012 - 08:49 AM
It's a battle at the necklines on the daily charts
I sold the weekly options at SPX 1400 as I was not sure whether it would bounce or go straight lower.
I will be the most surprised if this market manages to go over 1400 this week...
That's a very interesting way to play it, Arb. Thanks for sharing.
#9
Posted 08 May 2012 - 11:34 AM
It's a battle at the necklines on the daily charts
I sold the weekly options at SPX 1400 as I was not sure whether it would bounce or go straight lower.
I will be the most surprised if this market manages to go over 1400 this week...
That's a very interesting way to play it, Arb. Thanks for sharing.
You are welcome, the vertical credit spreads are usually ignored during these situations. I had traded 1000 EW2 1420/1395 credit spread for $2.00 on Friday. It is nearly worth zero right now, margin requirement was $1,225k, so;
50 x $2.00 x 1000 / 1,225k = 8% trade in 2 days while the market was trying to decide, not too shabby...
I would cash this out a bit later if we had a bounce to $1380, but then I figured everyone figured it out!
Edited by arbman, 08 May 2012 - 11:35 AM.
#10
Posted 08 May 2012 - 11:56 AM
It's a battle at the necklines on the daily charts
I sold the weekly options at SPX 1400 as I was not sure whether it would bounce or go straight lower.
I will be the most surprised if this market manages to go over 1400 this week...
That's a very interesting way to play it, Arb. Thanks for sharing.
You are welcome, the vertical credit spreads are usually ignored during these situations. I had traded 1000 EW2 1420/1395 credit spread for $2.00 on Friday. It is nearly worth zero right now, margin requirement was $1,225k, so;
50 x $2.00 x 1000 / 1,225k = 8% trade in 2 days while the market was trying to decide, not too shabby...
I would cash this out a bit later if we had a bounce to $1380, but then I figured everyone figured it out!
I have/read parts of Schap's book on "Spread Trading" so it is helpful to see current examples. Thx for the follow up elaboration.
.