tag:blogger.com,1999:blog-5375291312433129989.post1087964124881337831..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Second November $RUT Credit Call spread adjustmentHenrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5375291312433129989.post-78787530465613577602014-11-02T18:56:54.469-05:002014-11-02T18:56:54.469-05:00Hi Hector,
It's hard for me to recommend anyt...Hi Hector,<br /><br />It's hard for me to recommend anything and then feel guilty about your situation. You are trading the 2030/2040. I'm on the 2050/2060. If I get threatened I will adjust further up. If I was playing 2030/2040 I would adjust as well. You may enter some Puts into the mix, but I would trade them smaller than my usual size.<br /><br />Good luck<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-12899052747348289822014-11-01T16:25:22.000-04:002014-11-01T16:25:22.000-04:00Hi thank you for your blogging, I keep learning a ...Hi thank you for your blogging, I keep learning a lot. You asked the other day how other spread sellers were doing this month, I can tell you on my side has been dreadfull.<br /><br />After taking too many losses wiping out all my ytd profits I keep being thread, now with a CS SPX 2030/40 Nov. Was thinking on adjust to CS 2080/90 and also with PS, what would you recmend? thankshectorfxtraderhttps://www.blogger.com/profile/00446974692501490746noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-1789974431172661862014-10-31T10:54:58.038-04:002014-10-31T10:54:58.038-04:00I dont think there is.
Maybe less liquidity. Mont...I dont think there is. <br />Maybe less liquidity. Monthlies are still the most active ones. But in any case volume/Open interest can answer that question.<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-9100893937218109992014-10-31T10:53:06.365-04:002014-10-31T10:53:06.365-04:00Thanks!! Is there any real difference, liquid, bid...Thanks!! Is there any real difference, liquid, bid/ask spread, etc., between monthlies/weeklies (other than expiry date)?Jjnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-87745968187614053192014-10-31T10:41:45.836-04:002014-10-31T10:41:45.836-04:00Always the monthlies Jj. So Nov 21 in this case (E...Always the monthlies Jj. So Nov 21 in this case (European style expires on Friday)<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-62373295084323576062014-10-31T10:38:31.184-04:002014-10-31T10:38:31.184-04:00LT - Which Nov spreads are you selling? Is it 22nd...LT - Which Nov spreads are you selling? Is it 22nd or 28th? Or by default you mean expiry on 3rd Friday (which would be 22nd Nov)?Jjnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-84471318824390317012014-10-30T23:48:13.491-04:002014-10-30T23:48:13.491-04:00Agreed. Markets can go down faster than up but can...Agreed. Markets can go down faster than up but can go up longer than down. I look forward to your article. Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-83701135720657060672014-10-30T23:34:12.889-04:002014-10-30T23:34:12.889-04:00Based on your backtesting and on my reality the la...Based on your backtesting and on my reality the last three years. I'll write an article with the results for each strategy, CCS, CPS, Iron Condors. Analyzing how each one performs individually. Calls are the worst. Time to trade accordingly. Iron Condors will be unbalanced, half the Calls. CCS also will be smaller, half position size.<br /><br />Thanks for dropping by<br />LT<br />The Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-25107243988854212812014-10-30T23:29:49.508-04:002014-10-30T23:29:49.508-04:00Based on my extensive backtesting of SPX/RUT, I am...Based on my extensive backtesting of SPX/RUT, I am of the opinion that bear call spreads will always be more problematic than bull put spreads. This is why I only short with small positions and use it mainly as a hedge for my long positions. It should never be more than 15% of my portfolio.<br /><br />I agreed that the upside is a bit limited now that we rally back to 2000 on SPX. With that said, I think the momentum is still up. My short position that needs my attention is the Nov SPX 2025/2030. If SPX breaks through 2000 tomorrow and stays there all day, during the final hour of trading, I will close the 2025/2030 for 2.00 debit. I will adjust by selling a Dec5 SPX iron condor 1900/1895 & 2100/2105 for about 1.40. I originally took in .40 credit for the 2025/2030. So I will show a .20 loss assuming my Dec5 SPX iron condor expires for max profits. A .20 loss to protect my mostly long portfolio is worth it.<br /><br />You can follow me on Twitter @lienjonathan where I tweet my 90% probability credit spread trades in real-time for free.Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com