RSSAuthor Archive for Terrapin Trader

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

Trade 115 Week Ending 18 Jan, and  Expiry.

Trade 115 Week Ending 18 Jan, and Expiry.

A Gentle Reminder Volatility was at 24 a few weeks ago. We saw it stay above 20 for a few weeks. Very high vol never lasts long, low vol can last a year. We saw 6.19 low and a brief spike at 16, in 2017. Dumb money flows back and forth and people’s opinions change. […]

Trade114 Week ending 11Jan2019

Trade114 Week ending 11Jan2019

Sea Change or Another Bogus Blip? FTSE hit 6600 at the start of trading in 2019, and has since bounced, as I’m sure we all know. So, what has changed? Is the ‘bad news’ priced in?  I just received an email proclaiming how great it is for a stock investor, when the share price goes […]

Trade113 Week Ending 04Jan2019

Trade113 Week Ending 04Jan2019

Up 3% on the week- nobody saw that coming, but we don’t mind.Vol dropping massively,as you’d expect. Did I take advantage at 45DTE on Wednesday? Not saying-ok, I missed out! Grrrrrrr New Year, Same Old Crazy Here we are in 2019, and we are sure all our readers are not only solvent, but profitable. So […]

Not Trade 112 for New Year 2019- Just For Education

Not Trade 112 for New Year 2019- Just For Education

Posted on Twitter by Tasty Trade https://twitter.com/tastytraderMike/status/1079802382652002305   For Comparison I have tried to crunch a few numbers-see options calculator results below. We see here a price discrepancy in risk/reward and this may be due to VFTSE=22 VIX=28. Thus we note US volatility is a lot higher than the UK. Who knows what that may be attributed […]

Trade 112 Week Ending 28 December- Keeping Our Cash Safe

Trade 112 Week Ending 28 December- Keeping Our Cash Safe

What The Actual????? A Wild Ride This Week So, nobody was more relieved than I that the US markets smashed up in record trading after horrible falls. Though it’s silly season, it is unsettling to see such huge drops. We also saw 10 consecutive down days on the SPX. Maybe it was algo’s pension funds […]

Trade111 Week Ending 21 December-Almost Xmas

Trade111 Week Ending 21 December-Almost Xmas

Down Down Down Oh dear- the US got smashed to bits: SPX 2591-2416 a ‘uge 7% drop. We fared somewhat better- around 2% drop but from the high 7790 in August we are off by almost 14%. The omens are not good and we should bear in mind that the big pension funds get their […]

Trade110 Week ending 14December2018

Trade110 Week ending 14December2018

Up For The Week- Didn’t Feel Like It Despite a rock solid time tested number of strategies and managed risk, I still get bouts of ‘uncomfortable concern’. I have to remind myself how many times I’ve been in trades and made  ££££££££, when things looked ugly. February and September this year were big drops, but […]

Trade109 Week ending 07 December- Ouch!

Trade109 Week ending 07 December- Ouch!

What Happened? Or Rather What Didn’t A week of roller coaster action that this trader did not foresee. I try to stick to the knitting, and place my trades ±45DTE (days to expiry). Thus Wednesday’s drop looked opportune- volatility at 18%– not bad, I’m thinking. I’d put in a cheeky offer. (Tuesday gave rise to […]

Trade 108 Week Ending 30 November

Trade 108 Week Ending 30 November

So- What Happened This Week? Clearer Direction? Big Dramas? 7036 to 6980 -It looked racier than it was. Yet again this sideways action suits some trades with the slow grind of theta.     December thoughts From the Big People https://activetrader.cmegroup.com/infocus/story?id=819&video=5972214953001#videos Hope the link works- I get a plethora of helpful emails-and yes, 95% from […]

Trade 107 Week Ending 23 November

Trade 107 Week Ending 23 November

Big Ups After Big Downs, Then Up….and Down I was surprised by the down move on Tuesday- matched by Wednesday’s bonkers rise. GBPUSD has been up and down, quite predictably. Dismally missing out this week, failing to add to my positions. I took in a credit of 24 last week and for more of the […]