COVID-19 Means Closing Out and No Trades For Now

 

 

There may be a break in our weekly missives due to the virus. We sincerely hope our readers are ok with their trades. There is no way to quantify the effects of this virus and it would be churlish to talk up the markets.

Stay safe, and for those not clear about trade 170– it’s a butterfly – a combination of a short spread and a long spread that amount to zero further liability. Yes we lose the premium paid   11, so that’s £110 for one complete lot, £1100 for ten, plus commissions.

Contact us if you would like any support, please. For now we remain sidelined, our accounts have taken a sizeable hit, even with huge margin for error, and margin.

Filed Under: FeaturedInformativeLearnStrategiesWeekly Trade Idea

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About the Author: First found out about options in 1995.From the arcane magazine Exchange and Mart! First trade- a covered call on VOD in 1999. Made 10%,VOD almost doubled. That's when I realised I was not a good trader,and I was forgiven thanks to the amazing world of exchange traded options

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