Replies to post #25573 on ETF SWING & DAY TRADING

[gloe]

cad or rockdr - I priced some condors on the RUT the other day and I was astounded how much premium there was in those well OTM puts. But not the calls. What gives? This isn't like before 911 when there were lots of puts being bought on the airlines, is it? Sure seems like the big boys are pricing in a disaster.

g

[rockdr]

Yes, I may do the NDX trade tomorrow.

I got beat up on the NDX Mar 1700/1710 call position and had to close it, unfortunately. Had I held until today I would be OK, sh_t. Oh well, I learned from the loss. That position only had 2 weeks, but it had 50 pts. each way.

I currently have a April RUT 800/810 and 640/650 position, and a
SPX 1185/1200 position, and will complete the SPX condor tomorrow with ~1350 call. If you go about 5 to 7 weeks out, you can get the best premiums, but you have to wait for the strikes to become available.

BTW, congrats on the twins.