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  • From Terrapin Trader on Trade131 Week Ending 10May

    Trade 131 closd out for a very creditable 14 today. The Friday expiry is a lottery and I’d hate to se it go to zero. I closed out a put trade for 23 on Tuesday when the market looked bleak, and that has gone to zero. So all in, some good exits. Onwards and upwards with June expiry

    2019/05/16 at 7:18 pm
  • From Terrapin Trader on Trade 129 Week Ending 26April

    trade 129 paid 58 now 68.5 and improving all the time. Might be a better trade than first thought,and certainly has a lot of wiggle room

    2019/05/02 at 10:46 am
  • From Terrapin Trader on Trade 128 Week Ending Friday the 19th.............

    The 7350/7350 call ratio spread bought for 8.5 could now close out for maybe 14. I’m inclined to hang on a bit. The put butterfly now around 17, nothing to do-these always have to run close to expiry.

    2019/04/25 at 3:28 pm
  • From Terrapin Trader on Trade 124 Week Ending 22March

    MASSIVE APOLOGY TRADE 124 IS A DEBIT OF 34 NOT 24 – OPTIONS TRADERS ARE SMARTER -RIGHT?
    I WILL STAND IN THE CORNER FOR ONE HOUR

    2019/03/25 at 9:13 pm
  • From Terrapin Trader on Trade 123 Week Ending 15March

    Trade 123 feeling bad as I have no ‘skin in the game’ and this can be an influencer. As expected this trade has done little to date

    2019/03/21 at 10:44 am
  • From Terrapin Trader on Trade122 Week ending 08March

    Trade 122 closed out for 32-RESUUUUULT!

    2019/03/16 at 2:35 pm
  • From Terrapin Trader on Trade122 Week ending 08March

    Trade 119- yes that’s a nice 41
    Trade 120 now 42 and 207 =165 looks like 46 was top dollar here

    2019/03/14 at 9:33 pm
  • From Terrapin Trader on Trade122 Week ending 08March

    Trade 121 made a lofty 18 this week as FTSE danced around and actuall flirted with a drop on tuesday- yikes! A drop???? Trade 122 is this morning making coin- possibly 7.
    Trade 119 -could be as much as 40- no sensible prices currently
    Trade 120 the calendar straddle, paid 122 now 46 against 216 =170. I think that’s a lot of sweat for a modest profit-oh wait that’s not so bad 40% and low risk too.
    Trade 118 -well that was the jackpot for I.C.

    2019/03/14 at 10:33 am
  • From Terrapin Trader on Trade113 Week Ending 04Jan2019

    trade113- take a quick profit today? Cost of 4 to close out -but nah, we’ll stick with it. Of course yo can always take half off-so a 10 lot would mean closing out 5 at 7.5 or £375 for about an hour’s work.

    2019/01/07 at 7:50 pm
  • From Terrapin Trader on Trade110 Week ending 14December2018

    Trades 105 and 106 again would have made the full 50 if held to expiry

    2018/12/21 at 10:36 am
  • From Terrapin Trader on Trade110 Week ending 14December2018

    Trade110 made a whopping 60 at expiry -rounding off a very solid year while so many funds failed to make money (only 22% in profit). If people still don’t want to trade options they may wish to park their money in premium bonds-because that is the only othergame in town. Crypto’s are dead, gold and oil, nowhere and bonds are just too big for most of us.
    Again I do NOT claim to be a great or clever trader- clearly I am not-it is solely due to the power of options that these trades continue to make excellent returns based on the simplest analysis

    2018/12/21 at 10:33 am
  • From Terrapin Trader on Trade109 Week ending 07 December- Ouch!

    Trade 107 now valued at 76 to close out (Thurs 13th) so a small profit of 10. These are very low risk,with pre- limited margin requirements, the width of the strikes. However we risked a loss of 13.5 to get 10. We’d have margin of 100. I think that’s a win.

    2018/12/14 at 9:42 am
  • From Terrapin Trader on Trade109 Week ending 07 December- Ouch!

    Trade 109- currently about 24 to close out- that is a very good win- and most likely the risk to the downside has been abated for now.

    2018/12/11 at 2:53 pm
  • From Terrapin Trader on Trade 108 Week Ending 30 November

    I think that we have been very lucky with three by one ratio trades in the past- in the last two months these might have got very ugly. While we learn nothing when we fail to make mistakes, these trades are for demo purposes to show the workings not the outcomes. Though the wins are a happy outcome and demonstrate how flexible options are -our core function is to show options trades warts and all.

    2018/12/01 at 5:08 pm
  • From Terrapin Trader on Trade 107 Week Ending 23 November

    As expected not much movement with trades 105/6/7 but they show a small profit now.

    2018/11/27 at 10:55 am
  • From Terrapin Trader on Trade 106 Week Ending 16November

    Trade 106 another bite… credit to open 118,cost to close 84, so a nice 34 to trouser for a clueless trade! I don’t think it ever looked like a loss from the open.
    Trade 106 pretty much even money currently
    Futures? You might have got stopped out, run 100 points up, I really have lost track of how this might have been tradeable having no method. These reversal days are complicated and suit option traders perfectly, IMHO.
    Dixons Carphone 164.4 -creeping up a tad.

    2018/11/23 at 10:55 am
  • 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
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