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  • From Terrapin Trader on Trade149 Week ending Friday 13th

    LOL! Trade 149- already lost 10, or 12.5%. But would you sell so near to expiry?

    2019/09/17 at 9:50 am
  • From zxcv on Trade146- Yes, Panic! Orange Alert

    I actually opened the 6950/6850/6750 fly today based on the one you mentioned (couldn’t do the 7000 strike as I already have short puts at that strike as part of another trade) for 7.

    Just a little flutter in case the FTSE decides to go downhill.

    Will keep you updated.

    2019/08/27 at 4:28 pm
    • From Terrapin Trader on Trade146- Yes, Panic! Orange Alert

      I have often been surprised by butterflies-you think they are so loaded with comms they won’t do much. If I was trading the US with comms at <$1 I'd be doubling my activity-it shouldn't be this way but there are so few UK options traders. I'm doing 30- 60 lots per month- I know it's rude to mention size. Happy trading

      2019/08/28 at 7:35 am
  • From zxcv on Trade146- Yes, Panic! Orange Alert

    The Put fly (trade 146) looks interesting. I’ll see how it is priced when the market opens on Tue, and use modelling software to see what the P/L diagram is like, esp if the FTSE rises back up a little.

    Thanks and happy trading.

    2019/08/25 at 10:54 am
    • From Terrapin Trader on Trade146- Yes, Panic! Orange Alert

      nice to get feedback- in all honesty I set myself a limited amount of time to select trades but I am not a methodical trader with spreadsheets and the like. I just look at the options chain and the prices often suggest a trade. Trump may change course on tariffs now so we may see a bump up.
      Enjoy. T1

      2019/08/25 at 5:04 pm
  • From BestDena on Alpha and Beta

    I see you don’t monetize optionsinvesting.co.uk, don’t waste your traffic, you can earn extra cash
    every month with new monetization method. This is the best adsense alternative for any type of website (they approve all sites), for more info simply search in gooogle: murgrabia’s tools

    2019/08/17 at 9:22 pm
    • From Terrapin Trader on Alpha and Beta

      No- it is for free- I share my options knowledge sotraders can stop doing sumb things like forex!

      2019/08/18 at 9:44 am
  • From zxcv on Trade145 Week Ending 16 August- Don't Panic!

    Loving the site Terrapin (you’ll remember that name from the Fool site years ago 🙂 ).

    Keep trading, keep winning.

    2019/08/17 at 7:23 pm
    • From Terrapin Trader on Trade145 Week Ending 16 August- Don't Panic!

      Cheers zx- how I miss the Fool- my trading buddy owned the domain name so I just started blogging and here we are 145 trades in, with a tiny handful of small losers. Not because I’m smart but because options are the best trading vehicle. I once beta tested a system that had 14 consecutive losers,though overall it made money, nobody can deal with that mentally. Small wins are fine, but for us doing multiple lots we can make ££££ without the terrors of directional trading. Hope you are doing well

      2019/08/18 at 9:48 am
  • From https://weheartit.com/riskhome87 on Trade109 Week ending 07 December- Ouch!

    certainly like your web-site but you have to take
    a look at the spelling on several of your posts. Several of them are rife with spelling problems and I in finding it very bothersome
    to inform the reality on the other hand I’ll definitely come again again.

    2019/08/14 at 3:20 pm
    • From Terrapin Trader on Trade109 Week ending 07 December- Ouch!

      Proof reading is not my forte- eyesight diminishing with age-my spelling is not as bad as my typing. Thanks for the feedback-hope my latest is of interest. We are about education and nothing works as well as success. 95% of traders are just fodder for the market as being directional is way too hard for small accounts. Sadly the UK does not accommodate small accounts for options. America is spoiled rotten in comparison.

      2019/08/17 at 5:26 pm
  • From Terrapin Trader on Trade 143 Week Ending 02August

    That butterfly now 29 so if you like a 50% profit,take it! By the way I hope our trusty followesr understood this was a put butterfly. sometimes I miss out the key words just to keep you sharp.
    We win again

    2019/08/09 at 12:28 pm
  • From Terrapin Trader on Trade 143 Week Ending 02August

    Meant also to mention this guy:
    Vance Harwood@6_Figure_Invest

    The VIX futures term structure as shown on (link: http://vixcentral.com) vixcentral.com (using the “wide” setting” ) is very flat and closing $VIX value is right on top of it. That’s unusual, typically this close to backwardation $VIX is well above VIX futures prices. Seems that VIX is underreacting.

    2019/08/03 at 2:49 pm
  • From Terrapin Trader on Trade 142 Week ending 26July

    Trade 142 -winner and closed out
    Here’s what we did: Market smashed up,so what do we do when in a losing trade? That’s right we ADD to it. Again- we ADD to it.
    We bought the 7500/7400 put spread for 11.5. Now we are in for 28, owning a big old 7500/7300 spread. Today we sold for 43.
    About 50% profit in 4 days. All will be explained further at the w/end. Reason for closing? Nice profit and the beach beckons…

    2019/07/31 at 9:16 pm
  • From Terrapin Trader on Trade 142 Week ending 26July

    I said volatility via Bollinger Band width presaged a big move- of course like an imbecile, I’m pointed the wrong way -I have to ditch my stopped clock downside bias- I’m just fighting the tape and that way is ruin.

    2019/07/29 at 8:12 pm
  • From Terrapin Trader on Trade140 Week Ending 12July

    Trade 140- I think we close for a small credit of 8.5 giving us 17. In real money that’s £170, but if we were doing our standard 5 or 10 lots we’d belooking at about £700. The reason for closing out was the fact that we had 2 up days andthose tend to suck the volatility out ofthe near month. The market had moved over 1% and these only make money on moves of about 1.5%. Sorry this is late but yesterday was a tad frenetic in my other life. We’dbook this as a winner but out of curiousity let’s see how it unfolds

    2019/07/18 at 7:21 am
  • From Terrapin Trader on Trade 138 Week Ending 28June

    TRADE138- win and close- we’d have done 5-10 lots. So from a cost of 0 the trade went to 34 for the calls and 7 for the puts= 27. Even on a modest 5 lots after comms this would be about £1200 in the back pocket. (720 Duchy Original golden ales!).
    The market may do more but these are ‘box of frogs ‘ trades -hop in and hop out

    2019/07/01 at 7:45 pm
  • From punjabi on Trade 137 Week Ending 21June

    Great post and trades Windlesham. For the Iron Fly (trade 136), what’s the expiry?

    Cheers

    2019/06/25 at 7:44 pm
    • From Terrapin Trader on Trade 137 Week Ending 21June

      Hi and thanks-always trade the near month- July for this one- I should make that clear. My aim is to educate and I should be communicating in a way that is easily understood. Keep watching, and please comment -we love interaction.

      2019/06/25 at 8:03 pm
  • 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
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