Re: [RT] Re: [e-mini_traders_anon] SPX, RealTraders Email List Archive

Ben,

If you are doing those option spreads in securities options, you could probably do the same spreads in options on futures and get a lower tax treatment via 60/40 tax treatment on futures and options on futures. Margins on these spreads are also much more favorable in the options on futures. Feel free to contact me for more info.

Regards,

Norm

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of mr.ira
Sent: Friday, July 08, 2005 3:15 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Re: [e-mini_traders_anon] SPX

That is what options were created for. to trade. Nice job and good spread management. Ira.

----- Original Message -----

From: Ben

To: e-mini_traders_anon@xxxxxxxxxxxxxxx

Cc: realtraders@xxxxxxxxxxxxxxx

Sent: Thursday, July 07, 2005 4:21 PM

Subject: [RT] Re: [e-mini_traders_anon] SPX

Hello Ira

this is what I had

in June, I sold   the July 121 spy calls and bought the July 123 calls

also

bought the 115 puts and sold the the 117 puts

net credit   3200

during the month when   market hit 122 on spy I bought to close the short puts (117)

and sold the 123 calls and bought for 1/2 the price the 125 calls

today

I bought to close the short calls   (121) and sold the 115 puts to close.

so

now I can put on the spread for august

Ben

----- Original Message -----

From: mr.ira

To: e-mini_traders_anon@xxxxxxxxxxxxxxx

Sent: Thursday, July 07, 2005 12:16 PM

Subject: [e-mini_traders_anon] SPX

Looks like the bracket between 1175 & 1220 is still holding up. Those that were complaining about a low vix have nothing to complain about this morning and those with ratio back spreads made a nice killing. Even those with the outside combination, noted in an earlier post, ended up with a scare but right now seem to be fine.   No time to adjust this one or even manage it.

Ira.

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