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
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
From Branden Coberly
on
A Little Old Fashioned Approach - P&F
I found your blog web site on google and check a few of your early posts. Continue to maintain up the superb operate. I simply further up your RSS feed to my MSN News Reader. Searching for forward to reading extra from you later on!…
2018/01/10 at 8:59 pm
From Jenell Tang
on
The Week That Was- 24th June
I’ve read several excellent stuff here. Certainly price bookmarking for revisiting. I surprise how so much attempt you put to make this kind of fantastic informative site.
2018/01/08 at 10:35 pm
From Manuela Vandorien
on
That Was The Week Ending 04August
I enjoy what you guys are usually up too. Such clever work and exposure! Keep up the superb works guys I’ve added you guys to blogroll.
2018/01/08 at 7:41 pm
From Shantel Deslaurier
on
Trade 27- Out of the Comfort Zone
Valuable info. Lucky me I found your website by accident, and I’m shocked why this accident did not happened earlier! I bookmarked it.
2018/01/08 at 4:10 pm
From Terrapin Trader
on
Trade 62 Low Cost Low Probability, But..........
I’d like to say just buy the bloody market and be done-because it has really taken the wind out of our sails this last year. The few opportunities there were,(2) I missed, being such a rubbish trader. A few good trades mitigated this but I am on track to have my worst year since 2010, probably- unless FTSE expires at 7700 for Jan.
2018/01/07 at 1:51 pm
From nastynick
on
Trade 61 Christmas Looms
according to CQG 15k lots traded in last 15 mins…
is that reasonable volume ?
eurostoxx closed on lows tho !
2018/01/01 at 10:58 am
From Terrapin Trader
on
Trade 61 Christmas Looms
sorry just seen this- read what you will into other peoples trades-we cannot know the reasoning behind them.
Like open interest it means nothing when taken in isolation-and are they all short opening trades being taken by market makers? Who knows?
The market is a mystery, we just make of it what we can. enjoy,and happy trading.
PS Never trade when you are unwell-currently I am unwell.
2018/01/06 at 4:06 pm
From Terrapin Trader
on
Trade 61 Christmas Looms
should have known these ‘erberts would ramp up FTSE for end of year’s figures as there is NO volume to speak of. Hoping for reason in 2018(unlikely) and some volatility- almost certain when events overtake the dumb money’s apathy and ignorance of actual value. Meanwhile this trade has gone horribly against us- about time! We will make adjustments as and when required but this is probably going to run to expiry.
2018/01/01 at 9:59 am
From Terrapin Trader
on
HAPPY CHRISTMAS
2016 and 2017 have been horrible years for traders but we have shown that when we trade smarter, with options, we can make good profits without the cold sweats and sleepless nights
2017/12/24 at 9:45 am
From Terrapin Trader
on
Trade 61 Christmas Looms
Tried to place this for a credit of 2 yesterday- close but no cigar and as the calculator shows the vol is just obscenely low. One big retailer has now been caught cooking the books. H&M having a torrid time.Who else is faking it? Is this the time for the ‘credit card max out’ coming to an end? Personal debt is shocking, and unaffordable as bloated egos continue to seek comfort in buying random tat. The best gift is time, freely given. The plastic junk bought to placate, or salve a guilty conscience is an empty gesture.
2017/12/19 at 9:54 am
From Terrapin Trader
on
That Was The Week Ending 15Dec-Expiry
From Terrapin Trader
on
Trade 60 A Double Dilemma For Expiry
Oops! Looking at wrong data- the 7400 straddle hit about 110, NOT 180 -that is the Jan figure
2017/12/13 at 12:46 pm
From Terrapin Trader
on
Trade 60 A Double Dilemma For Expiry
SO! Another hefty winner with the 7400 straddle- it made 180+ so you’d more than doubled your money*********,and it was limited to premium paid- no margin required.
The condor? My weapon of choice-silly me-that has gone to almost nothing. You could have taken both trades but frankly I would not have done that as the straddle would have made coin if the condor also made money. At this time of year the volumes are wafer thin and the clowns, sorry money managers, like to ramp things up to make thewm look like they are smart.The only time we don’t get a Santa rally is when the market is hit by a dose of truth. The market NEVER drops on lies, only cold hard facts-and those are become as rare as a Blue Whale. Allegedly
********* see next comment- I’ll leave this obvious error
2017/12/13 at 12:28 pm
From Terrapin Trader
on
That Was The Week Ending 08Dec
Having missd an opportunity last week it has been a process of biting my lip as nothing leapt up and said….. “TRADE ME!”
2017/12/09 at 11:30 am
From Terrapin Trader
on
Trade 58 Time and Relative Value
OK so another winning trade- currently can be closed out for about 96- so that’s a return of 20 on an investment of 75. You do the math. The oh so clever money managers have seen the FTSE up about 3% in a year- I’d really love their job! I’d only have to work for a couple of days a year
2017/12/08 at 7:29 pm
From zxcv64
on
Trade 58 Time and Relative Value
Nice trade TP. This is effectively a double calendar – one for puts and one for calls. If the FTSE stays around 7400, this should be very profitable. The downside for calendars of course is the underlying movement. The further away FTSE is from 7400 on the 15th Dec, the less the profit.
2017/12/07 at 2:09 pm
From Terrapin Trader
on
Trade 58 Time and Relative Value
yeah it’s going nowhere fast! Just tryiong to get people excited about options but the UK makes it so hard for us these days with data at £120 a month-when the entire worldoutside the UK gives away live data because they are not terrified of a few retail traders taking their gravy boat away.
2017/12/08 at 12:07 pm
From Terrapin Trader
on
Trade 59 Low Volatility, But A Blip Up On Friday- There's Hope...
Trade 59 hit 12 today-you could have left a limit order in at say, 10 and multiplied your money 4 times-but we want 150 don’t we?
2017/12/06 at 7:21 pm
From Terrapin Trader
on
Trade 59 Low Volatility, But A Blip Up On Friday- There's Hope...
cheap low risk trades are not a bad idea-you only need to win 1/10
2017/12/05 at 10:25 am
From zxcv64
on
Trade 42 and an Apology
This is a risk-reversal. It would be nice to give some margin required calcs – the %age profit is not simply 27/1 = 2700%, but instead it would be (27/whatever-the-margin-was) * 100.
Love the website TP, and the trades.
2017/12/03 at 10:14 pm
From zxcv64
on
Wow! Trade 50- A Milestone, or a Millstone?
I like it TP. I normally trade these on the SPX, as there are weeklies, and so theta is greater.
2017/12/03 at 10:09 pm
From Terrapin Trader
on
Trade 59 Low Volatility, But A Blip Up On Friday- There's Hope...
This could be a real monster pay 2.5 to get 150? Are you serious?
2017/12/03 at 3:06 pm
From Terrapin Trader
on
That Was the Week Ending 01 Dec
This trader could have made serious coin but otherwise distracted on Friday.This is why we use LIMIT ORDERS when we are busy!
2017/12/02 at 11:29 am
From Terrapin Trader
on
Trade 57 Avoiding Losses, Exits Mean......... Everything
This has made a tiny profit to date but we run calendar trades to expiry where possible to use up all the time value
2017/11/26 at 2:50 pm
From Terrapin Trader
on
Trade 54 Ratio Calendar Spread For Early Xmas
From Terrapin Trader on Trade77 A Flight of Fancy
2018/05/02 at 10:34 pmFrom Terrapin Trader on Trade 75 With Market Moving Events Possible, We Limit Risk
2018/04/17 at 8:15 pmFrom Terrapin Trader on That Was The Week ending 30March
2018/04/01 at 5:14 pmFrom loxamborg on Trade 45 Feckless, Reckless- Why Not?
2018/03/23 at 10:25 pmFrom Terrapin Trader on Trade 71 Xmas Festivities? - It's The snow
2018/03/18 at 7:24 pmFrom Terrapin Trader on That Was The Week Ending 16th March
2018/03/18 at 12:20 pmFrom Terrapin Trader on Trade70 -This Kills Me, But Maybe It's The Smart Move
2018/03/13 at 11:54 pmFrom Terrapin Trader on Trade70 -This Kills Me, But Maybe It's The Smart Move
2018/03/12 at 8:23 pmFrom Terrapin Trader on Trade 69 Addressing Fear, Taking A View
2018/03/06 at 7:04 pmFrom Terrapin Trader on That Was The Week Ending 02March
2018/03/04 at 11:43 amFrom Terrapin Trader on Trade 69 Addressing Fear, Taking A View
2018/03/04 at 11:40 amFrom Terrapin Trader on Trade 65 Sell The Farm!
2018/03/01 at 4:18 pmFrom Terrapin Trader on Trade 66 The Return of Crazy Vol or Realistic Pricing
2018/03/01 at 4:12 pmFrom Terrapin Trader on Trade 67- Where To Now, Sherlock?
2018/03/01 at 4:10 pmFrom soylatino on That Was the Week Ending 23Feb
2018/02/27 at 4:25 pmFrom Terrapin Trader on That Was the Week Ending 23Feb
2018/02/24 at 8:31 pmFrom نکس لود on Trade 66 The Return of Crazy Vol or Realistic Pricing
2018/02/17 at 12:21 amFrom Terrapin Trader on Trade 66 The Return of Crazy Vol or Realistic Pricing
2018/02/17 at 4:10 pmFrom Terrapin Trader on Trade 66 The Return of Crazy Vol or Realistic Pricing
2018/02/11 at 12:00 pmFrom Dominic Helscher on That Was the Week Ending 14th July
2018/02/08 at 9:02 amFrom Terrapin Trader on That Was the Week Ending 14th July
2018/02/08 at 2:34 pmFrom Jennifer on A Little Old Fashioned Approach - P&F
2018/02/01 at 11:01 amFrom Terrapin Trader on A Little Old Fashioned Approach - P&F
2018/02/01 at 5:32 pmFrom Terrapin Trader on Trade 64 Double Trouble Theta Creator
2018/02/01 at 9:27 amFrom Julia on Point and Figure Charts- Be Afraid
2018/01/26 at 11:24 pmFrom Tomi Thevenin on That Was The Week 28July
2018/01/26 at 8:35 amFrom Terrapin Trader on Trade 63- Paying up When the Market Dictates
2018/01/24 at 7:54 amFrom Smithd30 on Pension Pot, Pensionwise, Options and Risk
2018/01/20 at 10:59 amFrom Terrapin Trader on Pension Pot, Pensionwise, Options and Risk
2018/01/27 at 11:54 amFrom Jason Pedersen on That Was The Week Ending 04August
2018/01/13 at 6:47 amFrom Edwardo Harbison on Trade 27- Out of the Comfort Zone
2018/01/10 at 10:40 pmFrom Branden Coberly on A Little Old Fashioned Approach - P&F
2018/01/10 at 8:59 pmFrom Jenell Tang on The Week That Was- 24th June
2018/01/08 at 10:35 pmFrom Manuela Vandorien on That Was The Week Ending 04August
2018/01/08 at 7:41 pmFrom Shantel Deslaurier on Trade 27- Out of the Comfort Zone
2018/01/08 at 4:10 pmFrom Terrapin Trader on Trade 62 Low Cost Low Probability, But..........
2018/01/07 at 1:51 pmFrom nastynick on Trade 61 Christmas Looms
2018/01/01 at 10:58 amFrom Terrapin Trader on Trade 61 Christmas Looms
2018/01/06 at 4:06 pmFrom Terrapin Trader on Trade 61 Christmas Looms
2018/01/01 at 9:59 amFrom Terrapin Trader on HAPPY CHRISTMAS
2017/12/24 at 9:45 amFrom Terrapin Trader on Trade 61 Christmas Looms
2017/12/19 at 9:54 amFrom Terrapin Trader on That Was The Week Ending 15Dec-Expiry
2017/12/16 at 3:00 pmFrom Terrapin Trader on Trade 60 A Double Dilemma For Expiry
2017/12/13 at 12:46 pmFrom Terrapin Trader on Trade 60 A Double Dilemma For Expiry
2017/12/13 at 12:28 pmFrom Terrapin Trader on That Was The Week Ending 08Dec
2017/12/09 at 11:30 amFrom Terrapin Trader on Trade 58 Time and Relative Value
2017/12/08 at 7:29 pmFrom zxcv64 on Trade 58 Time and Relative Value
2017/12/07 at 2:09 pmFrom Terrapin Trader on Trade 58 Time and Relative Value
2017/12/08 at 12:07 pmFrom Terrapin Trader on Trade 59 Low Volatility, But A Blip Up On Friday- There's Hope...
2017/12/06 at 7:21 pmFrom Terrapin Trader on Trade 59 Low Volatility, But A Blip Up On Friday- There's Hope...
2017/12/05 at 10:25 amFrom zxcv64 on Trade 42 and an Apology
2017/12/03 at 10:14 pmFrom zxcv64 on Wow! Trade 50- A Milestone, or a Millstone?
2017/12/03 at 10:09 pmFrom Terrapin Trader on Trade 59 Low Volatility, But A Blip Up On Friday- There's Hope...
2017/12/03 at 3:06 pmFrom Terrapin Trader on That Was the Week Ending 01 Dec
2017/12/02 at 11:29 amFrom Terrapin Trader on Trade 57 Avoiding Losses, Exits Mean......... Everything
2017/11/26 at 2:50 pmFrom Terrapin Trader on Trade 54 Ratio Calendar Spread For Early Xmas
2017/11/18 at 4:12 pm