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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 ? […]

That Was The Week ending 04May

That Was The Week ending 04May

Uneventful, But Reminiscent of 2017 All the tiny daily gains wiped out on Thursday,then a big up on Friday. Weak pound/strong dollar, and non farm payrolls may have given FTSE a boost. Of course the old adage ‘Sell in May’ go away, come back on St. Legers day may still hold water. St. Legers day […]

That Was The Week Ending 27th April

That Was The Week Ending 27th April

Back Up To The Ceiling Well the eagerly awaited drop and subsequent hike in volatility didn’t happen. Our graphic shows how the FTSE reacted to the suddenly cheap £. So bad news makes the UK pound lose value but makes the market go up? Yup. FTSE is comprised of companies that make money all over […]

That Was The Week Ending 20April

That Was The Week Ending 20April

Gentle Drift Lower for Vol. Gentle Drift Up For FTSE We closed out a long put for a handsome profit on Monday. This was a ‘pre-apocalyptic’ put trade.  The market suddenly decided the fear was overdone by Monday evening. In my view, politics, while grabbing headlines, may not serve us so well for trading, Major Events […]

That Was The Week ending 30March

That Was The Week ending 30March

 FTSE Madness A curious week with Thursday’s action seeing the ‘F’ drop 50 points at the end of the day. Cold feet ahead of the long break? Overall up just under 2% and volatility doing a few twists and turns. Again this does not seem reflected in options prices that we look at. The index […]

That Was the Week Ending 09March

That Was the Week Ending 09March

Tariffs and Tantrums So, not everyone is happy about tariffs. Canada and Mexico exempted but Asian countries not amused. We are being treated to stable genius economics. Trade wars don’t usually work out well and Trump may have bullied rivals in tiny world, but not in the big world. Curiously the US economy ‘looks’ fabulous,and […]