All Entries in the "Weekly Trade Idea" Category
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 […]
Trade 91 A Triple Twist and Week Ending 03 August
New Format So I have decided to roll weekly observations and the trade of the week into one post. I think most of you good people like the trades,and are not so bothered about my inane ramblings. (Chorus of no, no, we love all the content!) I hope that people are continuing to pick up […]
Trade 90 Adding To A Winning Position
Firstly, Trade 89 a recap: We were long 7700 @47.5, short 7800@ 18.5, sell 7850@11 x2, = debit 7. (CALLS) Currently I think we’re looking at a value of about 10. So,one could argue this trade has made a reasonable profit, in the short term. We are here to run this though, and want to […]
Trade 89 Nothing Like a Butterfly
Limited But Almost Assured Upside? The usual media suspects are trotting out the usual line- earnings season, earnings beating expectations etc. I have no inside track but seriously? Debt overwhelms any sort of growth. Why wouldn’t you borrow at 1% buy your own stock and make 5%? Company insiders know what’s going on but they […]
Trade 88 Playing Not To Lose
Trade 87-So We Win Tiny, There’s Still Hope Trade 87-from last week:We were buying 1 (one) 7550 put paying 44(Lewis Hamilton’s number) and we are SELLING, get this… 3 that’s three of the 7400 puts for 16.5 each= 49.5. A credit of 5.5 but that is really not the point. Sorry for Lewis Hamilton too! Biiiig […]
Trade 87 A Doofer? A Fiver? Nah- a Threefer
Meanwhile back at the Factory…….. Trade 86-remember? Course not. Here it is: We are selling 2July 7100 puts(14×2=28), buying 1 August7100 put for 30. We are selling 2 July 7800 calls( 23.5×2=47) And buying 1August 7800 call for 48.5 So, this is a debit trade, therefore at a cost of (30-28)+ (48.5-47)= 2+1.5.=3.5 Here is where […]
Trade 86 Dead Calm, No Sign of Troubles Ahead(?)
Trades 84 & 85 Nothing To Report As the week ended pretty much flat- totally flat at 3:00 pm on Friday in fact, then the market swooned. Our 2 trades will have an outcome but in 2-3 weeks. In the interim they could do something profitable but not hugely likely. Patience,patience- or in options parlance […]
Trade 85 Not Just ‘Any Old Iron’
Trade 84- Nothing To Report With 26 days to expiry, Trade 84 is pretty much where we left it, so nothing to do but wait until we get near expiry. This is the natural cycle of events with options of course, where we use theta to our advantage. Time decay is no guarantee of trade […]
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 […]
