All Entries in the "Strategies" Category
Trade 84- And, We’re STILL Here
Trade 83- doing OK Trade 83 was a buy of the 7800 call at 50.5, sell 2x 7900 call at 24.5. This is now trading at a credit of 4.5 to close out. There is no reason to close out or adjust,as the reasons for the trade have not changed. The market had 2 wobbly days […]
Trade 83 – Is The Picture Really That Bad?
Some Housekeeping, Catching Up Trade 82 June/July calendar 7150 puts now worth3×2=6 for the June puts and 16 for July = 10. We paid a debit of 6. Not great but a winner, to date, and has this week shown a closing price of 13. Personally at such a low entry cost I’d hang on for […]
Trade 82 A Response to Trade 81
Trade 81 -It Was Never a Great Idea Trade 81 was 7850 call calendar 2×1 for credit 14.5 , now 23. Quote: A sideways drifting market is NOT good for this trade, and we have had some price action recently. So now it is a loser, not by much, but nevertheless it is an […]
That Was The Week Ending 01June
A Real Nothing Despite The Euro Crazy Italy’s shenanigans saw a big drop on Tuesday – but of course the money soon piled back in. Trump tariffs also threatened to destabilise markets. FTSE reacted little in the end as we saw a drop of about 30 points. Intra day moves made trading possible but the […]
Trade 81 -What Can We Do With A Topped Out Market?
Trade 80 has gone nowhere- a flash of upside,then back down (thankfully for this trader) Another Tool In The Chest While we must always consider the Greeks, and ‘moneyness’ another metric is our old friend ‘open interest’ Oft times I have said that I can read more in an options chain than a chart. That […]
Trade 80- A Milestone- What’s That in Metric, eh?
Trade 79: How Did We Do? Remember?……. Straddle! 7725 call at 79.5 and 100.5 for the put. We buy both for a total 180. Close of play on Friday 107.5 and 71.5 =179. We can run this or close it, hard call but at least it is […]
Trade 79 Never be Afraid to Experiment, or Test The Water
Trade 79, Confidence Took A Hit, But We Persist Here’s a ‘cheap’ straddle- with volatility so low this trade costs money but it may be worth it. Straddle! 7725 call at 79.5 and 100.5 for the put. We buy both for a total 180. While this is not my favourite it is worth showing it […]
That Was The Week Ending 11May
Another Big Up Well despite my musings, the weak pound and Brent crude price(76.99) have favoured FTSE. We are a little underwater with contrarian trading,and will explain in Trade79. We often talk of the folly of predicting, but we do need to have a view. Perhaps when volatility is low we should just get long. […]
Trade 78, A Faint Whiff of Desperation
When No Trade IS a Postion Last week was a nothing, insufficient moves to make volatility do anything helpful for us. Our current Trade 77 (we were buying the 7450 call and 2 of the 7650calls, whilst selling 3 of the 7550 calls). Cost us 2 and is currently worth zero. Close out? We still have […]
Trade77 A Flight of Fancy
Starting With the Hard Bits What IS Trade 77? I thought it might be fun to try and mix things up with a mutant call butterfly, expiring in May. You may recall a butterfly is a short spread and a long spread which has risk limited to premium paid. This would thus cost 85+12.5 […]
