I will try and for that, but like anything you need to know
about it. There are dozens of kinds of spreads but I use credit
spreads only and decide on a short strike only after the B/O. just
like when you decide on a buy point. Usually my short strike is
where your stop loss would be in a trade, Then the long position is
placed underneath that 5 or 10 strikes below. This equals lower
costs and less volatility. You should do some reading on
it...VectorVest has a good course.
Not necessarily. Depends on the strategy. If I want the spread
to expire worthless and keep the credit, then yes I will pick the
shortest expiry, obviously, but if is a swing trade I will go out a
few. The credit I receive also plays a part.
I went for my run and just came back to find ES at L.O.D. Which
makes sense given the neg d i posted on the Naz. Personally I would
not recommend any B.P. SP on anything til we settle out and
see we are headed. Just M.O..
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I will try and for
I know I am the odd man out on here ...
Posted by brophy on 7th of Jul 2020 at 01:33 pm
I will try and for that, but like anything you need to know about it. There are dozens of kinds of spreads but I use credit spreads only and decide on a short strike only after the B/O. just like when you decide on a buy point. Usually my short strike is where your stop loss would be in a trade, Then the long position is placed underneath that 5 or 10 strikes below. This equals lower costs and less volatility. You should do some reading on it...VectorVest has a good course.
Are you normally just going
Posted by racerick on 7th of Jul 2020 at 01:42 pm
Are you normally just going with the next expiration date?
Not necessarily. Depends on the
Posted by brophy on 7th of Jul 2020 at 01:54 pm
Not necessarily. Depends on the strategy. If I want the spread to expire worthless and keep the credit, then yes I will pick the shortest expiry, obviously, but if is a swing trade I will go out a few. The credit I receive also plays a part.
brophy, what do you think
Posted by imelhoe on 7th of Jul 2020 at 02:23 pm
brophy, what do you think of July 17 297/292 bull put spread on spy? where do you think support may be best guess
I went for my run
Posted by brophy on 7th of Jul 2020 at 03:42 pm
I went for my run and just came back to find ES at L.O.D. Which makes sense given the neg d i posted on the Naz. Personally I would not recommend any B.P. SP on anything til we settle out and see we are headed. Just M.O..