All Entries in the "Weekly Trade Idea" Category
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 […]
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 […]
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 […]
