That Was The Week 28July

←VIX got going

FTSE’s Tiny Range.(+40, -80) Little Volatility

FTSE cash index-    7453 open close 7368 high 7487 low 7339   (  last week 7378 open close 7453 high 7515 low 7378 )

FTSE volatility-     open 10.13 close 10.30   (last week open 9.64 close 10.13 )

What Trades Would Have Done well?

Anything utilising theta (Time decay) Although anyone trading Vix derivatives and going long would have done well

Market Volatility

from    8.77- 11.36 ( last week  8.19 to 10.94 )  Looks spicy but it was not reflected in the options volatility curve.


The Trump circus produces more crazy stuff, but this fails to move markets- Oh Wait!!!! That was last week’s news.

AstraZeneca went nuts (it’s why we don’t like individual shares for our options trades)

ETFs continue to dominate the chatter as they have done so well for retail investors. Low charges and thanks to QE a good return.Bad for traders…


Last week’s trade (Trade 40)- a long straddle- waiting until Friday made a nice profit – bought for 138 a sale at 172  +25% profit in 5 trading days- in fact intra day on Friday it may have got a bit more. I was not monitoring it closely. A better trader might have successfully placed  a limit order for 180….

I have seen FTSE stradles priced at 300- it happens


Filed Under: FeaturedInformative

About the Author: First found out about options in 1995.From the arcane magazine Exchange and Mart! First trade- a covered call on VOD in 1999. Made 10%,VOD almost doubled. That's when I realised I was not a good trader,and I was forgiven thanks to the amazing world of exchange traded options

RSSComments (1)

Leave a Reply | Trackback URL

  1. A lot of what you articulate is supprisingly appropriate and that makes me ponder why I had not looked at this in this light before. This particular piece really did turn the light on for me personally as far as this subject matter goes. Nevertheless at this time there is one particular point I am not too comfortable with so whilst I make an effort to reconcile that with the main theme of your issue, permit me see exactly what all the rest of your readers have to point out.Very well done.

Leave a Reply