Buy to close SPX call spreads for 2.60<\/strong><\/p>\nIn hindsight… going a little further out in time, or going a little further out in price, or being much more picky about my prices would have helped the execution here.<\/p>\n
Given the way I’m at max pain right here, the odds are the market tops out as that’s how karma works. But I won’t let this loser turn into a massive loser.<\/p>\n
\nMargin and P\/L Calculation<\/p>\n
Tier 1:
\nSpread Width: 500
\n1.40 Credit
\n3.60 Margin<\/p>\n
Tier 2:
\nSpread Width: 500
\n2.00 Credit
\n3.00 Margin<\/p>\n
Max Margin: 660 Per Spread<\/p>\n
Tier 1 P\/L:
\nEnter 1.40
\nExit 2.60
\nLoss: -120<\/p>\n
Tier 2 P\/L:
\nEnter 2.00
\nExit 2.60
\nLoss: -60<\/p>\n
Total Loss: 180<\/p>\n
-27% RoR<\/p>\n","protected":false},"excerpt":{"rendered":"
We are running hard into a key resistance level: I want to put on some bear call spreads on the idea that we will start seeing some back and fill. Sell to Open SPX Nov 1970\/1975 bear call spread for 1.40 or higher Add to the trade at 2.00 Update: October 27th, 2014 Since this […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":1,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":1,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[29,27],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9457"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=9457"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9457\/revisions"}],"predecessor-version":[{"id":10026,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9457\/revisions\/10026"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=9457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=9457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=9457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}