RSSArchive for 2018

Trade 89 Nothing Like a Butterfly

Trade 89 Nothing Like a Butterfly

Limited But Almost Assured Upside? The usual media suspects are trotting out the usual line- earnings season, earnings beating expectations etc. I have no inside track but seriously?  Debt overwhelms any sort of growth. Why wouldn’t you borrow at 1% buy your own stock and make 5%? Company insiders know what’s going on but they […]

That Was The Week- Expiring 20th July

That Was The Week- Expiring 20th July

  Here’s One We Made Earlier Trade 87  Buy1 (one) 7550 put paying 44 we are SELLING,  3 that’s three of the 7400 puts for 16.5 each= 49.5. A credit of 5.5 .The 7400 puts were 3.5, the 7550 was 19.(Closing prices Mon 16th July). Thus you could have made a cheeky 8.5+5.5 credit= 14. Margin would have […]

Trade 88 Playing Not To Lose

Trade 88 Playing Not To Lose

Trade 87-So We Win Tiny, There’s Still Hope Trade 87-from last week:We were buying  1 (one) 7550 put paying 44(Lewis Hamilton’s number) and we are SELLING, get this… 3 that’s three of the 7400 puts for 16.5 each= 49.5. A credit of 5.5 but that is really not the point. Sorry for Lewis Hamilton too! Biiiig […]

That Was The Week Ending 13July

That Was The Week Ending 13July

Treading Water With Some Strange Days With the bizarre 1.3% drop on Wednesday and the ‘buy the dip’ crowd on thursday, FTSE went from 7688 to 7662. I have mentioned before the 7650 level which seems to have some kind of attraction. These moves are great when we are selling premium. So personally I have […]

Trade 87 A Doofer? A Fiver? Nah- a Threefer

Meanwhile back at the Factory…….. Trade 86-remember? Course not. Here it is: We are selling 2July 7100 puts(14×2=28), buying 1 August7100 put for 30. We are selling 2 July 7800 calls( 23.5×2=47) And buying 1August 7800 call for 48.5 So, this is a debit trade, therefore at a cost of (30-28)+ (48.5-47)= 2+1.5.=3.5 Here is where […]

That Was The Week Ending 06July

That Was The Week Ending 06July

A Week of Economic Data A great free resource https://www.forexfactory.com/calendar.php and this: https://www.bls.gov Meanwhile in our own special corner of the globe, the FTSE’s volumes have dried up somewhat to around 600 million daily. We used to see 2 billion daily, long ago,but this time of year, the bosses go away. The junior manager left to oversee things […]

Mentoring- Problem Solving. 80+ Trades and no feedback???

By Helping you, we Gain Insights too We have always wanted a regular group of traders of varying ability, to meet with-in the flesh or online. The reasons are pretty obvious. We get to see who is doing what. Seeing what works or where the problems are. While we know an awful lot of strategies […]

Trade 86 Dead Calm, No Sign of Troubles Ahead(?)

Trade 86 Dead Calm, No Sign of Troubles Ahead(?)

Trades 84 & 85 Nothing To Report As the week ended pretty much flat- totally flat at 3:00 pm on Friday in fact, then the market swooned. Our 2 trades will have an outcome but in 2-3 weeks. In the interim they could do something profitable but not hugely likely. Patience,patience- or in options parlance […]

That Was The Week Ending 29June

That Was The Week Ending 29June

When The Market Goes Nowhere We’ve  dropped  some 40 points on the week but the uppy/downy allowed this trader to enter more positions. The more important value though is the VFTSE. For each of us the criteria may be different but on the whole, we sell more options than we buy when Vol is high. […]

Trade 85  Not Just 'Any Old Iron'

Trade 85 Not Just ‘Any Old Iron’

Trade 84- Nothing To Report With 26 days to expiry, Trade 84 is pretty much where we left it, so nothing to do but wait until we get near expiry. This is the natural cycle of events with options of course, where we use theta to our advantage. Time decay is no guarantee of trade […]