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  • 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
  • From Terrapin Trader on Trade 69 Addressing Fear, Taking A View

    sometimes trading can seem a little abstract-it’s good to remember it’s real money,and to size positions according to the size of our account. Recently margin more than doubled- you need to take care and avoid over extending yourself.

    2018/03/04 at 11:40 am
  • From Terrapin Trader on Trade 65 Sell The Farm!

    the nakeds didn’t go well- the Iron condor not great but not a disaster- plenty of time for that still!

    2018/03/01 at 4:18 pm
  • From Terrapin Trader on Trade 66 The Return of Crazy Vol or Realistic Pricing

    this would have closed out a couple of days ago for almost the whole 20 credit-sweeeeeet!!

    2018/03/01 at 4:12 pm
  • From Terrapin Trader on Trade 67- Where To Now, Sherlock?

    Currently the put condors are showing about 50% profit- the call condor? 40% loss.
    Would you take 2 or more of these? You might end up making your broker rich while you tread water

    2018/03/01 at 4:10 pm
  • From soylatino on That Was the Week Ending 23Feb

    Thanks so much for the post.Really thank you! Keep writing.

    2018/02/27 at 4:25 pm
  • From Terrapin Trader on That Was the Week Ending 23Feb

    I admire anyone who succeeds but Mr. Buffett annoys the heck out of me and has had major losses yet managed by accident of birth to be in the market during the greatest ever economic expansion in the history of the universe. But he is an investor, and has had time on his side. We have to trade to generate profits,and that is a very different prospect. We need a bit more gas in the tank, more rpm than the fortunate Mr.B

    2018/02/24 at 8:31 pm
  • From نکس لود on Trade 66 The Return of Crazy Vol or Realistic Pricing

    It is wonderfull article
    Thanks for Sharing

    2018/02/17 at 12:21 am
    • From Terrapin Trader on Trade 66 The Return of Crazy Vol or Realistic Pricing

      just updating and trying to show disaster averted.

      2018/02/17 at 4:10 pm
  • From Terrapin Trader on Trade 66 The Return of Crazy Vol or Realistic Pricing

    In my own personal trading I am underwater. As I have often said,and this is not false modesty, I’m a rubbish trader. Will the flexibility of options get me out of a hole? I hope so, but at least I was not one of these clowns who shorted VIX month after month,and now they face epic losses.
    Keep it manageable,take the pain with the gains,and to quote ‘Don’t Panic’

    2018/02/11 at 12:00 pm
  • From Dominic Helscher on That Was the Week Ending 14th July

    My brother recommended I would possibly like this blog. He used to be totally right. This publish actually made my day. You cann’t imagine simply how a lot time I had spent for this information! Thank you!

    2018/02/08 at 9:02 am
    • From Terrapin Trader on That Was the Week Ending 14th July

      We just tell it straight from the heart- no insider knowledge just the hard yards -in the hope that others avoid the pitfalls and gift their hard earned money to the banks

      2018/02/08 at 2:34 pm
  • From Jennifer on A Little Old Fashioned Approach - P&F

    Hi. Very good article,thanks for sharing. I visit this website every day.

    2018/02/01 at 11:01 am
    • From Terrapin Trader on A Little Old Fashioned Approach - P&F

      We cannot post every day but there is a lot of content that we hope people enjoy and understand. There is so much to learn in trading, yet I’m still a terrible trader!We love comments and hope we give real insights into the options world

      2018/02/01 at 5:32 pm
  • From Terrapin Trader on Trade 64 Double Trouble Theta Creator

    Hindsight is 20:20 vision we know that but we have to take trades based on Friday’s prices as they are for illustration purposes only. This trade could have been placed yesterday for a CREDIT of 20! Yes life is unfair, but you can always add to your trade.
    The old adage of never add to a losing trade is the opposite for options in our experience. You take ina credit of zero and sudenly you can get 20, do it! Today the value of the trade is 7. So….even if you got a bit spooked by trade size you could take a short term view and close out the extra lots (or leave them and close out the original- a bit of humour here!)You think ETFs give you that sort of flexibility? Futures? CFDs? Options give you so much more.

    2018/02/01 at 9:27 am
  • From Julia on Point and Figure Charts- Be Afraid

    Hi. Very good article,thanks for sharing. I visit this website every day.

    2018/01/26 at 11:24 pm
  • From Tomi Thevenin on That Was The Week 28July

    A lot of what you articulate is supprisingly appropriate and that makes me ponder why I had not looked at this in this light before. This particular piece really did turn the light on for me personally as far as this subject matter goes. Nevertheless at this time there is one particular point I am not too comfortable with so whilst I make an effort to reconcile that with the main theme of your issue, permit me see exactly what all the rest of your readers have to point out.Very well done.

    2018/01/26 at 8:35 am
  • From Terrapin Trader on Trade 63- Paying up When the Market Dictates

    So! The 7750s are38 and the 7650 is 94-remember we sold 2 of the 7750s for every one of the7650s we own,so it’s 94-76=18. Our cost was 11-so we make 7-a 64% profit in 2 days. We can hold on for much bigger profits but a cautious trader might close out and take some money off the table by trading multiple lots.
    We therefore book our first trade of 2018 as a clear winner.
    Welcome to our options world-how’s your tracker fund doing?

    2018/01/24 at 7:54 am
  • From Smithd30 on Pension Pot, Pensionwise, Options and Risk

    I’m really impressed with your writing skills as well as with the layout on your blog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, its rare to see a great blog like this one these days.. fkeaedaecagdekbf

    2018/01/20 at 10:59 am
    • From Terrapin Trader on Pension Pot, Pensionwise, Options and Risk

      thanks pleas spread the word-we want to get back some of the money the fat cats have taken off us in QE! Seriously though, options are a fantastic stress free trading vehicle

      2018/01/27 at 11:54 am
  • From Jason Pedersen on That Was The Week Ending 04August

    Heya i’m for the first time here. I came across this board and I find It really useful & it helped me out much. I hope to give something back and help others like you aided me.

    2018/01/13 at 6:47 am
  • From Edwardo Harbison on Trade 27- Out of the Comfort Zone

    Thanks for sharing excellent informations. Your web-site is very cool. I’m impressed by the details that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found simply the info I already searched all over the place and just could not come across. What an ideal website.

    2018/01/10 at 10:40 pm
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