Tag: credit spreads

Trading SPX Opex Week

I love to trade options expiration week and thought I would share one of my strategies that involves credit spreads. I choose the $SPX because it’s what the IRS calls a “broad-based index” and thus is taxed at a 60/40 rate where 60% of my gains are treated as long-term capital gains. I like to

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Friday’s Close

Retail sales will set the tone early tomorrow followed by consumer sentiment, but it’s the close that I’ll be watching. Will the recent bullishness, suggesting a gap fill of 2/3 in the $SPY hold going into a three day weekend? Combine that with option expiration next week and all the geopolitical events occurring and there’s

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Bifurcated Market

The market is showing its big ugly bifurcated head today as we saw a sustained sell-off yesterday greeted by a sustained buy-in today. Just what the confused investor needs, more ambivalence manifested in a wide trading range. For those of you that trade options, the credit spreads where Theta works as an employee, are where

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Novembers Gone

Those that watched the market this past week saw some pretty powerful moves, until you look under the hood, as the major indices all had close to double digit gains for the week. The Dow was the laggard of the bunch as it gained 9.7% while the biggest gainer was the S&P which gained 12%.

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