Watch HowardCohodas Trade Index Options Credit Spreads

This is a discussion on Watch HowardCohodas Trade Index Options Credit Spreads within the Trading Journals forums, part of the Reception category; What's this about students?...

Closed Thread
 
LinkBack Thread Tools Search this Thread
Old Nov 25, 2010, 6:58pm   #11
 
arabianights's Avatar
Joined Jan 2007
Re: Watch HowardCohodas Trade Index Options Credit Spreads

What's this about students?
__________________
World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
arabianights is offline  
Old Nov 25, 2010, 7:57pm   #12
 
HowardCohodas's Avatar
Joined Sep 2010
Re: Watch HowardCohodas Trade Index Options Credit Spreads

HowardCohodas started this thread
Quote:
Originally Posted by arabianights View Post
What's this about students?
I covered this in other posts, but the only one I can count on to read all of my posts is me. This is a good place to repeat my situation and plans.

In the process of teaching friends and family (no charge, no income), I decided to prepare to teach this material commercially. In correspondence with the forum management about needing a vendor's badge, they decided that until I started my commercial adventure in this area, a badge was not required.

Furthermore, I am exploring advertising on this forum. If the cost fits into my advertising budget, it gives me a chance to provide funds to help support this free forum we all enjoy in return for attracting students.
HowardCohodas is offline Other (Please email T2W with details)  
Old Nov 25, 2010, 8:05pm   #13
 
arabianights's Avatar
Joined Jan 2007
Re: Watch HowardCohodas Trade Index Options Credit Spreads

I wouldn't mind attracting student, so long as they're under 21...
__________________
World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
arabianights is offline  
Old Nov 25, 2010, 8:37pm   #14
 
Hotch's Avatar
Joined Jul 2008
Re: Watch HowardCohodas Trade Index Options Credit Spreads

Phil's still at uni...

Good luck Howard, nice to have something a bit different.
__________________
I'm just the guy that never tried, I'm just the stupid **** with brilliant luck and sometimes a bright idea.
Hotch is offline  
Old Nov 25, 2010, 9:22pm   #15
 
spinola's Avatar
Joined Jun 2009
Re: Watch HowardCohodas Trade Index Options Credit Spreads

Question, maybe for the FAQ bit ?

Why or what are the benefits of trading credit spreads, condors or greeks and what not, as opposed being taught how to trade directional out rights ?
__________________
Don't just stare at intraday volatility....... EAT IT!
spinola is offline  
Old Nov 25, 2010, 11:21pm   #16
 
HowardCohodas's Avatar
Joined Sep 2010
Re: Watch HowardCohodas Trade Index Options Credit Spreads

HowardCohodas started this thread
Quote:
Originally Posted by spinola View Post
Question, maybe for the FAQ bit ?

Why or what are the benefits of trading credit spreads, condors or greeks and what not, as opposed being taught how to trade directional out rights ?
Did I address your concerns? FAQ
HowardCohodas is offline Other (Please email T2W with details)  
Thanks! The following members like this post: spinola
Old Nov 26, 2010, 2:07am   #17
 
amit1986's Avatar
Joined May 2009
Re: Watch HowardCohodas Trade Index Options Credit Spreads

Quote:
Originally Posted by arabianights View Post
I wouldn't mind attracting student, so long as they're under 21...
For your case, they'd also have to be over 19
__________________
Amit
amit1986 is offline  
Old Nov 26, 2010, 2:18am   #18
 
amit1986's Avatar
Joined May 2009
Re: Watch HowardCohodas Trade Index Options Credit Spreads

Quote:
Originally Posted by spinola View Post
Question, maybe for the FAQ bit ?

Why or what are the benefits of trading credit spreads, condors or greeks and what not, as opposed being taught how to trade directional out rights ?
Risk. Howard mentioned in his previous post that as an ex-Software Engineer, he's used to always being in control. Directional trading is far from that...you're simply betting the market will go in your direction - not exactly being in complete control.

As I understand it, credit spread trading as Howard is doing, is not like directional trading. He is simply hoping to pocket the spread.

He has effectively covered the downside risk but at the expense of a limited upside potential.

Howard, out of curiousity, what models did you use compute the probabilities on your dashboard? Sorry if you already covered this, I may have missed it!

Great thread by the way!
__________________
Amit
amit1986 is offline  
Old Nov 26, 2010, 2:34am   #19
 
DionysusToast's Avatar
Joined Dec 2009
Re: Watch HowardCohodas Trade Index Options Credit Spreads

Good luck with this Howard..

I have a few questions:

1 - You mentioned probability above. Can I confirm that you are using the option data to give you the probability of price hitting that point and not any additional analysis?

2 - What is the logic behind applying your strategy to 3 highly correlated markets?

I also have 1 request
1 - Could you add a few columns to the sheet - can you put in the fees - so we can see the total credit to the account after fees ? Could you also add in max risk ? I am guessing this comes from a spreadsheet & so the column should be easy to add. Whilst I don't think you need to be teaching people about spreads on here as per the A'rab - it would be nice if we didn't have to calculate risk & reward ourselves.

Cheers

DT
__________________
Yes - this IS a protest!

Last edited by DionysusToast; Nov 26, 2010 at 2:54am.
DionysusToast is offline Software vendor  
Old Nov 26, 2010, 6:25am   #20
 
HowardCohodas's Avatar
Joined Sep 2010
Re: Watch HowardCohodas Trade Index Options Credit Spreads

HowardCohodas started this thread
Quote:
Originally Posted by amit1986 View Post
Howard, out of curiousity, what models did you use compute the probabilities on your dashboard? Sorry if you already covered this, I may have missed it!
Now FAQ #3.

Last edited by HowardCohodas; Nov 26, 2010 at 6:52am. Reason: Refer to not FAQ
HowardCohodas is offline Other (Please email T2W with details)  
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
An interview with HowardCohodas arabianights General Trading Chat 55 Feb 19, 2011 5:01pm
Article: Debit Spreads Vs Credit Spreads T2W Bot Educational Resources 0 Oct 23, 2010 1:46am
ig index spreads are Bakez Spread Betting & CFDs 1 Oct 11, 2010 10:40pm
IG Index FX spreads fiftyfifty Spread Betting & CFDs 10 Jan 22, 2008 4:29pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)