RSSArchive for 2018

That Was The Week ending 15June

That Was The Week ending 15June

Expiry Week and A Roller Coaster We saw a huge rise Thursday with a very clear signal on the one hour that price was being rejected. Friday saw the market down to just over the 7700 level for the expiry auction. Then the market dumped- who knows why- China/Trump? Maybe,-oils and miners took a hit though. […]

Trade 83 - Is The Picture Really That Bad?

Trade 83 – Is The Picture Really That Bad?

Some Housekeeping, Catching Up Trade 82  June/July calendar 7150 puts now worth3×2=6 for the June puts and 16 for July = 10. We paid a debit of 6.  Not great but a winner, to date, and has this week shown a closing price of 13. Personally at such a low  entry cost I’d hang on for […]

That Was The Week Ending 9th June

That Was The Week Ending 9th June

What the actual????????? Afficionados of Tasty Trade, like us, often look to the next month’s trade about 45 dte (days to expiry). We just look at what didn’t happen this week. With 46 days to expiry this was the price of FTSE 7350 July put : 42.5  Subsequently it went to  30 in 4 days. […]

Trade 82 A Response to Trade 81

Trade 82 A Response to Trade 81

Trade 81 -It Was Never a Great Idea   Trade 81 was 7850 call calendar  2×1 for credit 14.5 , now 23. Quote: A sideways drifting market is NOT good for this trade, and we have had some price action recently. So now it is a loser, not by much, but nevertheless it is an […]

That Was The Week Ending 01June

That Was The Week Ending 01June

A Real Nothing Despite The Euro Crazy Italy’s shenanigans saw a big drop on Tuesday  – but of course the money soon piled back in. Trump tariffs also threatened to destabilise markets. FTSE reacted little in the end as we saw a drop of about 30 points. Intra day moves made trading possible but the […]

Trade 81 -What Can We Do With A Topped Out Market?

Trade 81 -What Can We Do With A Topped Out Market?

Trade 80 has gone nowhere- a flash of upside,then back down (thankfully for this trader) Another Tool In The Chest While we must always consider the Greeks, and ‘moneyness’ another metric is our old friend ‘open interest’ Oft times I have said that I can read more in an options chain than a chart. That […]

That Was The Week Ending 25 May

That Was The Week Ending 25 May

The Top Is In……. Or Is It? We witness a curious week. The drugs kicked in on Monday, a smidge up on Tuesday, then………. back to planet Earth. So,  I did say FTSE is not expensive. I did also say it’s credit fuelled exuberance, too. We cannot know what drives the market outside of the […]

Trade 80- A Milestone- What's That in Metric, eh?

Trade 80- A Milestone- What’s That in Metric, eh?

Trade 79: How Did We Do? Remember?……. Straddle!  7725 call at  79.5 and 100.5 for the put. We buy both for a total 180. Close of play on Friday 107.5 and 71.5 =179.                    We can run this or close it, hard call but at least it is […]

That Was The Week Ending18 May

That Was The Week Ending18 May

Not Unexpected Move For Expiry Week FTSE up yet another percent- though it had become a feature in 2017 for ‘down’ expiry weeks. I make no suggestion that the big market players were short, but were they? We now seem to be all guns blazing onwards and upwards. Who or what could derail this ? […]

Trade 79 Never be Afraid to Experiment, or Test The Water

Trade 79 Never be Afraid to Experiment, or Test The Water

Trade 79, Confidence Took A Hit, But We Persist Here’s a ‘cheap’ straddle- with volatility so low this trade costs money but it may be worth it. Straddle!  7725 call at  79.5 and 100.5 for the put. We buy both for a total 180. While this is not my favourite it is worth showing it […]