tag:blogger.com,1999:blog-5375291312433129989.post1306166447807528470..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: SPY Credit Call spread (pending GTC Order)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5375291312433129989.post-50240407955490654152014-02-24T07:35:31.886-05:002014-02-24T07:35:31.886-05:00Thanks LT. I aim for that 10% prob of ITM as well....Thanks LT. I aim for that 10% prob of ITM as well.Anonymoushttps://www.blogger.com/profile/13638935634253574623noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-35077497389938217472014-02-23T12:56:13.266-05:002014-02-23T12:56:13.266-05:00Hi Andrew,
Yes, I used the probability of being i...Hi Andrew,<br /><br />Yes, I used the probability of being in the money by expiration. I generally go with 10% Probability ITM for both my short Calls and my short Puts.<br /><br />Regards,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-2693434289991074152014-02-18T22:23:47.660-05:002014-02-18T22:23:47.660-05:00Can you share in general how you pick your strikes...Can you share in general how you pick your strikes? I know you will sell bear call spreads when market is deemed to be overbought and bull put spreads when it is oversold. But how do you determine the distance away from current market? Is it through the probability of OTM/ITM on the TOS platform? Anonymoushttps://www.blogger.com/profile/13638935634253574623noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-49320272763562294072014-02-14T15:34:21.258-05:002014-02-14T15:34:21.258-05:00Just wondering, how do you know that 60% of stocks...Just wondering, how do you know that 60% of stocks are trading above 20 DMA?Anonymoushttps://www.blogger.com/profile/16229669750665349367noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-5492625872757149362014-02-14T10:21:31.288-05:002014-02-14T10:21:31.288-05:00I will deploy some bear call spreads on SPX/SPY if...I will deploy some bear call spreads on SPX/SPY if we approach the all-time high too. This market appears to be slightly overbought. Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com