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  • From Terrapin Trader on Trade 105 Week Ending 09 November, Politics and Markets

    That call ratio spread-enter for credit of 2.5 close for credit of 6. Nice little turn around. Win again. so- we should equate this to the futures trade we got 8.5 on margin of about £1500, 6% return but with zero downside risk and very little upside risk too. That future was all risk, we just got lucky. Future now 7033. Each to their own but I’ve had years of trading futures and did ok but it’s not what you need if you wish to avoid stress.

    2018/11/15 at 12:01 pm
  • From Terrapin Trader on Trade 105 Week Ending 09 November, Politics and Markets

    BOOM! The FTSE future went smashing up as the dumb money typically floods in from the weekend. So…we opened at 7095 and we were long. The future went as high as 7156, so to be kind let’s say we actually plucked 50 points there-that’s £500 in old money. A great return on margin 14% in an hour. would we have traded it well though? I would never contemplate holding along future over a weekend-you never know what’s in the news. Anyway this trade beat us in terms of time and profit…. to date. We would of course have to repeat this a few times,be right on direction and be disciplined enough to have a trailing stop. The stock buy- well that I’m sure will now get slammed as the Apple news is not great.

    2018/11/13 at 9:14 am
  • From Terrapin Trader on Trade 104 Week Ending 02 Novembrrrrrr

    This was not a trade to take into expiry unless it was deep ITM. Premiums decay faster than a toddler’s teeth these days. Had you run it until today you’d break even- or in our world, lose money!

    2018/11/09 at 12:32 pm
  • From Terrapin Trader on Trade 103 Week Ending 26 October

    trade 103- a handsome win again!!!! What does it take to have a disaster? I think you could close out the 6900 straddle for 190. Adjust? What else could we find? er this trader couldn’t se any reason to keep this trade alive- so close out,and take your monster profit.

    2018/11/09 at 12:29 pm
  • From Terrapin Trader on Trade102 Week Ending 19th October

    was anyone watching? The call spread made 10, on the downside we still have a tiny risk but could close out the whole position for 2.5 -so that’s about 39.5 in all -a very good win I’d say/ A better trader might have smashed it on the upside with those silly intra day moves up and subsequent fades

    2018/11/07 at 7:42 am
  • From Terrapin Trader on Trade 104 Week Ending 02 Novembrrrrrr

    trade 104 now 25- we intend to hang on for more but even so if you bought a stock for £17 and sold for £25 you’d be fund manager of the year!

    2018/11/07 at 7:33 am
  • From Terrapin Trader on Trade 103 Week Ending 26 October

    I honestly don’t know where these trades come from- it’s certainly not genius!

    2018/10/27 at 7:14 pm
  • From Terrapin Trader on Trade102 Week Ending 19th October

    get ready below! Market is in selloff mode -stay awake

    2018/10/24 at 8:18 pm
  • From Terrapin Trader on Trade102 Week Ending 19th October

    OK- NOW I’d have sold the 6600 put for about 33, giving us a credit of 16 on the overall position and you could get creative with the calls too. So the most this trade could give us now is another 50 and our risk is at 6550 -about 6% below the market. Time to have a cold one….

    2018/10/23 at 4:42 pm
  • From Terrapin Trader on Trade101 Week Ending 12October

    59 38 24 These are the prices for the 7050/7000/6950 butterfly. we pay 59 +24= 83,and we have the credit from selling the two 7000 puts 38×2= 76.
    So 83-76= 7- no change there-just keeping a weather eye on things…

    2018/10/15 at 7:32 pm
  • From Terrapin Trader on Trade101 Week Ending 12October

    As a lacklustre trader I at least survive and make profits. A better trader would double the account every year, easily

    2018/10/14 at 11:32 am
  • From Amit on Trade100! Week Ending 05 October

    Congratulations on the century!! 🙂

    2018/10/09 at 1:48 pm
    • From Terrapin Trader on Trade100! Week Ending 05 October

      Would never have thought about this without your kindness and tenacity. We have even greater things ahead of us. I wonder how many fund managers would like to show their last 100 trades?

      2018/10/09 at 4:55 pm
  • From Terrapin Trader on Trade 99! Week Ending 28September

    Trade 99, we paid 30, it’s now 51. Should anyone know of a stock that can do this-please let me know and I’ll give you ten grand for it. Yet again, options smash it out of the park, yet the dullards, the dismal and the dreamers think forex or stocks will make their fortune. Jog on losers, we only win here!

    2018/10/03 at 9:45 pm
  • From Terrapin Trader on Trade 98 Week Ending 21September

    currently worth 27- not yet the kind of winner we look for but it’s ok for now as the F sinks (stinks, some might say!)

    2018/10/02 at 11:33 am
  • From Terrapin Trader on Trade 99! Week Ending 28September

    Trade99 would have scored 40, on a debit of 30. A share trader might wait a year for a 33% return- would we take that? It’s a quirky trade and the FTSE may well be headed south again,and any move >100 makes the front month more valuable. currently the position is flat again at 30 to close out.

    2018/10/02 at 11:30 am
  • From Terrapin Trader on Trade97 Week Ending 14 September

    OK-even better if you’d closed out the shorts- the Oct options are now worth 80,as the FTSe for no good reason has smashed up. Now…if you’d held on to those short 7400s they’d be worht about 30 apiece x3= 90, the long call and the long put are about 80. How would you adjust? So many ways…to be explored

    2018/09/21 at 9:30 am
  • From Terrapin Trader on Trade 96 Week Ending 07Sept

    It’s expiry day and trade 96? Of course it’s another winner -making the spread worth about 30 at 09:30-ish. This flies against the history of recent expiry weeks but there had to be an up week sooner or later.

    2018/09/21 at 9:26 am
  • From Terrapin Trader on Trade97 Week Ending 14 September

    jus trading 5 lots here would give you £1,000 profit in a couple of days but remember this can be rinse and repeat every month.You now have an income for life

    2018/09/19 at 7:55 am
  • From Terrapin Trader on Trade97 Week Ending 14 September

    WINNER YET AGAIN!!!!! ok those Sept options – the puts 4.5, the calls 4, so that’s 13.5+12=25.5, the Oct put39.5, the call 31= 70.5,take away 25.5= 45. That has almost doubled our money in just 2 days. Paid 24 remember? Let’s see where we are tomorrow-but you could take that to the bank and have a day off.
    These numbers amended after dodgy settlement figures

    2018/09/18 at 6:26 pm
  • From Terrapin Trader on Trade 95 Week Ending 31 August

    now 492 and 508 = 16 but not in a good way

    2018/09/03 at 8:52 pm
  • From Terrapin Trader on Trade 94 Week Ending 24 August

    SMASHED IT!!!!!!!! 38 to close out in a week. Would you want to trade anything else?

    2018/08/31 at 7:00 pm
  • From Terrapin Trader on Trade 93 Week Ending 17August

    trade 93 hit 11 but I think I missed the top-anyway another win. Zzzzzzzzzzz

    2018/08/30 at 1:24 pm
  • From Terrapin Trader on Trade 94 Week Ending 24 August

    trade 94 now a very pleasant 18 to close out- that is £900 for 5 lots in 3 -4 days probably equates to about 30% return on capital, used as margin

    2018/08/30 at 1:20 pm
  • From Terrapin Trader on Trade 88 Playing Not To Lose

    trade 88- looking back it made a tiny profit but it was a safe trade,keeping some skin in the game. Idle cash makes no interest,so we beat the market

    2018/08/23 at 10:40 am
  • From Terrapin Trader on Trade 93 Week Ending 17August

    if you’d just gone in as a ratio trade it would now be worth 7,and you paid 3.5…but it’s early days, this has another 29 days to give us a real win.

    2018/08/23 at 10:33 am
  • From Terrapin Trader on Trade 92 Week Ending 10 August

    Trade 92- now trading for 30- as we brought in 57.5 we can say take about 50% profit here,and go sit on a rock in the ocean for a fortnight. Why on earth would you bother with rubbish like crypto or forex?

    2018/08/23 at 10:29 am
  • From Terrapin Trader on Trade 93 Week Ending 17August

    So, if you’d bought the spread, you could then sell the 7750 calls for 29.5 giving you a zero cost trade. The spread has increased by 6. As always with options there are choices and unlike other trading methods,there is no time pressure you DON’T HAVE TO take the trade, you can leg in, or leg out. You do have to start somewhere however, an if you’d just piled straight in with a debit of 3.5 you’d be looking at a trade now worth 6. A share trader would be thinking that’s a 70% gain! For us it’s nothing but in 2 weeks it might be worth 20 or more.

    2018/08/20 at 6:30 pm
  • From Terrapin Trader on Trade 91 A Triple Twist and Week Ending 03 August

    This was a Monster- making as much as >50 a month’s income in one trade.

    2018/08/18 at 12:53 pm
  • From Terrapin Trader on Trade 91 A Triple Twist and Week Ending 03 August

    Killer trade- th Sep puts are now 38 with the Aug ones 0.5 x3= 36.5 from an outlay of 14 plus a bit of margin. That’s got to be around 10% ROCE. We like these as the success rate is so high

    2018/08/15 at 7:46 am
  • From Terrapin Trader on Trade 92 Week Ending 10 August

    Winning is not our aim- education is our core value. the power of options THAT is the key-and if people ignore options trading, or even worse, get into some nonsense scheme with forex or cryptos, they will never become profitable. Directional trading? Forget it.

    2018/08/12 at 11:42 am
  • From Terrapin Trader on Trade 91 A Triple Twist and Week Ending 03 August

    to be updated

    2018/08/11 at 5:31 pm
  • From David Eppel on Trade 90 Adding To A Winning Position

    These trades hit 20 today -so we have bagged a double winner. Would we exit now? Why not a half portion? Leave the rest for speculation as a freebie

    2018/08/07 at 8:43 pm
  • From Terrapin Trader on Trade 90 Adding To A Winning Position

    LOL- long and wrong! Well, we could take a small loss on this and close out for 6, or let it run. Looks like the BofE rate rise is anticipated- from 0.5% to 0.75% is a 50% increase- but in real terms it’s not even a bag of peanuts -another 5p a week on £1,000

    2018/08/02 at 9:59 am
  • From Terrapin Trader on Trade 90 Adding To A Winning Position

    Get over yourself- lazy old wotsit! Seriously- this s a strategy that is proven time and again- so let’s see. I’m really pumped with this!

    2018/07/29 at 2:05 pm
  • From Terrapin Trader on That Was The Week Ending 06July

    Anyone remember the Sumitomo copper scandal in the 90s?

    2018/07/08 at 12:24 pm
  • From Terrapin Trader on Trade 84- And, We're STILL Here

    trade 84 now trading for minus 4 still early doors on this of course

    2018/06/25 at 10:26 pm
  • From Terrapin Trader on Trade 85 Not Just 'Any Old Iron'

    well that knocked us for six! The trade is 82 to close- but let’s hang in there

    2018/06/25 at 10:23 pm
  • From Terrapin Trader on Trade 79 Never be Afraid to Experiment, or Test The Water

    YaY! We hit 214.5 -but actually we did more than this,but closing price on Monday gave us 214.5-180= 31.5 profit- or 16% -apologises I don’t have time to keep up with intra day moves sometimes. However you cut it, this is a nice win

    2018/05/26 at 11:50 am
  • From Terrapin Trader on Trade 79 Never be Afraid to Experiment, or Test The Water

    the diligent ones among you will of course realise that trade 79 is using June expiry options

    2018/05/20 at 11:00 am
  • From Terrapin Trader on Trade77 A Flight of Fancy

    Ouch!!!!! I did NOT see that coming- here’s the outcome this week 274 176.5 x3, =529.5, 86×2=172 so we have 446 for our long calls but 529.5 for short calls= a loss of 83.5.And a debit of 2 to get into the trade….ugh!
    This is our biggest loss to date and salutory lesson. Trade 78 was safe however with a tiny credit of 3.
    This trade was and will remain a theoretical one as the huge market move has turned it into a very ugly position- maybe the strategyw was right but the strikes were wrong…..
    More homework required,and we can backtest but this does not look like a happy outcome-though next week could get bearish…..please?

    2018/05/11 at 8:10 pm
  • From Terrapin Trader on Trade77 A Flight of Fancy

    Curiously this trade now works out at zero, the 7450= 106.5,the 7550s= 45.5×3=136.5, nd the 7650s=15×2= 30. I don’t have to tell you any more…

    2018/05/02 at 10:34 pm
  • From Terrapin Trader on Trade 75 With Market Moving Events Possible, We Limit Risk

    Well, this puppy closed out for 65 last night (mon 16th)Not it seems because of impending war but because the £ rose against the US$ or some such thing!

    2018/04/17 at 8:15 pm
  • From Terrapin Trader on That Was The Week ending 30March

    this is a shocker- on P/E metric FTSE is hugely undervalued -extraordinary
    see:https://markets.ft.com/data/indices/tearsheet/summary?s=UKX.P:FSI

    2018/04/01 at 5:14 pm
  • From loxamborg on Trade 45 Feckless, Reckless- Why Not?

    great article

    2018/03/23 at 10:25 pm
  • From Terrapin Trader on Trade 71 Xmas Festivities? - It's The snow

    This trade does of course require some margin- we are buying 6 calls and selling 8

    2018/03/18 at 7:24 pm
  • From Terrapin Trader on That Was The Week Ending 16th March

    Exit IS everything remember

    2018/03/18 at 12:20 pm
  • From Terrapin Trader on Trade70 -This Kills Me, But Maybe It's The Smart Move

    Well, today was interesting not sure what is moving the markets -impending war with Russia? Who knows but one thing I would have considered here-if I’d still been in this trade would be to look at morphing into a put ratio spread and maybe spending a bit to do that- but we are only day 2 into the trade. If the market looks like it’s going off a cliff we need some protection however as anaked put get get big on you in a heartbeat.
    You may also wish to know I am not, by nature bullish so if forced to use these options,I’d have sold the call and bought the put- my stock in trade in 2008. This would have made a tasty 28 and acredit to open( I always seem to lose when I place a debit trade)

    2018/03/13 at 11:54 pm
  • From Terrapin Trader on Trade70 -This Kills Me, But Maybe It's The Smart Move

    Could have closed out this morning in the first hour for 10- but we want to have fun don’t we? When I trade these I look for a price that I might take and then look for 30% more on entry and exit. I’d take this trade for a zero debit as also could have been done today- the F has got its knickers in a twist while the DAX continues its whirling Dervish moves

    2018/03/12 at 8:23 pm
  • From Terrapin Trader on Trade 69 Addressing Fear, Taking A View

    Smashed it!!!!!!! That trade could be closed out for a credit of 0.5 -That people, is £2,500 in your pocket for less than 2 days of trading. Risk was respectable,margin managed. And you want to trade bitcoin? Shares? Get with the real money

    2018/03/06 at 7:04 pm
  • From Terrapin Trader on That Was The Week Ending 02March

    Tariffs- not a good idea especially as Chinese steel is not a problem being 2% of America’s steel imports. China’s economy is predicated on stealing copyright-and really we should just boycott all their stuff until they start to recognise that design and origination must be respected. It is the decent thing to do

    2018/03/04 at 11:43 am
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