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Trade 92 Week Ending 10 August

Trade 92 Week Ending 10 August

Trade 92- we’ll get to that. Meanwhile, yet again the market went absolutley nowhere-we closed UP 3 points, despite the crazy at the end of the week. The dumb money moved in,and promptly scurried away. Cryptos? who the heck is losing their shirt currently? I don’t get it-might as well wet a finger and use […]

That Was The Week Ending 27July

That Was The Week Ending 27July

Going Nowhere A trader might argue that for strangles straddles and iron condors,this has been a peachy couple of weeks. The FTSE has really gone nowhere. Again. As options traders we always like to have ‘skin in the game’ to take advantage of theta (time decay). The mitigation of risk,however, means that is it generally […]

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 […]

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 […]

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 […]

That Was The Week ending Jun22

That Was The Week ending Jun22

A Pickup in Vol, Then the Crush We saw the highly predictable OPEC talks raise oil prices  https://oilprice.com/Energy/Energy-General/OPECs-Agreement-Sends-Oil-Prices-Soaring.html Not sure why the low volume BP and Shell share prices should move FTSE quite so dramatically, raising all boats. We did,however see volatility bump up at last. I note dividends are quite attractive currently even with […]

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. […]

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. […]

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 […]

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 ? […]