STO Apr 5 275/277.5 BeCS $.38
Legging into an SPX Jan11 IC. Sold SPX Jan11 2520/2515 pcs @.30 x6. Will sell CCS to complete IC on 5-min Tide reversal with upper study set to 0.5 and lower 0.25.
Update: Sold Jan11 2630/2635 call credit spread @.25 x6 to complete the IC based on 5-min Tide short signal.
Total credit $330 on the trade.
Sold SPX Jan9 2635/2640 BeCS @ .25 x5. Will buy bull put spread later today when conditions look a little better to do so.
Sold SPX Jan9 2495/2490 BuPS @ .30 x5 to complete the IC.
Defense plan: use @hcgdavis tactic to buy back 2 or 3 of the shorts to create a ratio should either of these credit spreads get in trouble.