From Terrapin Trader
on
Trade 46- 3 Legged Calendar Ratio Something
hope the calcualtions are clear enough for people to understand- I have done the end result based on the logic of owning the 7300,then short the 7200 and the 3 sept 7000 puts-I have thus sold a total of 4 puts for every one that I bought. Any mistakes in the calcs are due to ineptitude
2017/09/03 at 11:51 am
From Terrapin Trader
on
That Was the Week ending Sept 01- Boom!(Nearly)
Sorry but that looks like a bunch of dustbins strapped together-missile? Big is not better
2017/09/02 at 5:00 pm
From Amipro
on
Trade 45 Feckless, Reckless- Why Not?
Super trade!!! Did someone just make $$$..please share the love 🙂
2017/08/29 at 2:31 pm
From Terrapin Trader
on
Trade 45 Feckless, Reckless- Why Not?
30+ easy as you like when You have the inside track to Pyongyang!
Seriously-these trades used to pay the mortgage someyears ago-you need about 100 point move to make them interesting, but 30(£300) is a very nice return on what would probably have been about £1200 margin. I think we can book 25% return
2017/08/29 at 6:10 pm
From Pension Pot, Pensionwise, Options and Risk : Options Investing
on
The Basics Revisited, Take The Time, Change Your World
From Terrapin Trader
on
That Was The FTSE Week Ending 25 August
If anyone is curious about the chart and the way the price respects the longer moving average after the golden cross. It’s the magical 62. Remember 61.8 is the big Fibonacci number-the Golden Ratio……. Just sayin’ This is not a tip or even a hint, it’s coincidental as I usually work off a 5 minute chart and this is a 30 minute
2017/08/26 at 5:44 pm
From Terrapin Trader
on
Pension Pot, Pensionwise, Options and Risk
Trying to draw attention to the power of options trading has often got me into trouble with the cynics and the blinkered, who are sure everyone is out to scam them.
Pensioners are scammed in so many ways- the fitted kitchen and bathroom trade spring to mind, as so many pay thousands for substandard work. Preying on the ‘well off’ older folk is rich pickings-as care homes charge £5,000 a month for very little, in my opinion.
Yes this is a mission to educate, and wake up the somnambulant. Perhaps when people see how options work they will start to challenge and question in other areas of their lives too.
We hope the knock on effects of optionsinvesting.co.uk are to the good of our subscribers.Options are NOT for everyone but financial ignorance is not an option in our world. If your IFA cannot explain options,how can they be fit to sell some off the shelf product?
2017/08/26 at 11:52 am
From Terrapin Trader
on
Trade 44 Options Flexibility & a Variation on a Theme
Of course the market can go below 6550- let’s see,and if it does the volatility will give us plenty of juice to adjust/ roll out. This is what we hope for,to show the flexibility of options in the exit as well as the entry. and it is of course no problem to ‘leg in’ and out of any part of the position.
2017/08/20 at 3:53 pm
From Terrapin Trader
on
That Was The Week Ending 18th August- Options Expiry
Another rant about ETFs which may be great for retail investors but they flatten market moves,and fail to engage.
Much is made of algo trading-most NYSE stock trades are electronic. Black boxes work, like drum machines work- but we still like to see drummers. Although a black box turns up to work on time and sober and doesn’t try to chat up other people’s partners! I think we’ll see some volatility next week-just sayin’……..that’s not advice, probably wishful thinking
2017/08/19 at 3:28 pm
From Terrapin Trader
on
Trade 43 It's Xmas
To close? Nah it’s flat- a curious week and Trump antics continue apace- I see a bit of a Trump dump next week so I have no positions currently. Expiry was just ..7320, untypical as there is nearly always a rise for the auction at 10
2017/08/18 at 7:10 pm
From Terrapin Trader
on
Trade 43 It's Xmas
Well-early days but the trade has done very little and again vol has been sucked out of the market- no easy trading here,we need to be patient.
2017/08/17 at 2:30 pm
From Amit
on
Trade 43 It's Xmas
Pretty much this what I did for this month..worked wonders!!
2017/08/15 at 11:40 am
From Terrapin Trader
on
Trade 43 It's Xmas
This is why options are the best kept secret
2017/08/15 at 8:37 pm
From Terrapin Trader
on
That was the Week ending 11 August
LOL!!! Cannot believe the amazing outcomes we keep having with these trades-and of course it is easy to verify these.
Our site is free and dedicated to the would be options trader who can see past the rubbish offered by so many vendors of products that maybe had a winning trade once or twice,allegedly
2017/08/12 at 2:06 pm
From Terrapin Trader
on
Trade 41 a Bias To the Downside
so now the put trade is worth about 20, the calls- cannot get prices but likely a break even,and a wake up- do not trade when ill!
2017/08/10 at 4:47 pm
From Terrapin Trader
on
Trade 42 and an Apology
comment on Trade 41 has been added though it mysteriosuly disappeared from earlier. I may be going nuts!
2017/08/10 at 1:07 pm
From Terrapin Trader
on
Trade 41 a Bias To the Downside
Thought I’d commented already on these- the put BWB has come back to small profit,now about 16,buy price was 10.5
The calls- a modest loss of about 40- could be mitigatedwith a strangle with only 8 days to expiry and biiig theta.
2017/08/10 at 1:04 pm
From Terrapin Trader
on
Trade 42 and an Apology
Combo combo combo combo…. thank you very much
today the call was trading at 6, and the put at 19. A very respectable 13.
Of course the dumb money kept piling in until it didn’t.
I’m still looking for a smart way out of trade 41- the ill chosen call broken wing butterfly.
2017/08/09 at 6:41 pm
From Terrapin Trader
on
Trade 42 and an Apology
OK- now we have some sensible prices this combo is worth about 25. the 7550 call=2, the 7350 put 27. Smashed it out of the park, I’d say
2017/08/10 at 1:24 pm
From Terrapin Trader
on
That Was The Week Ending 04August
I have been unwell again and so Trade 41 was against any kind of judgement! I was unable to monitor positions this week but the Broken Wing Butterfly is a trade with little merit for me. It’s an object lesson in why we don’t trade when ill.
Even looking back at what might have worked with calls is a thankless task- the 7400/7500/7700 would have cost 12 and as of Friday’s close…. credit of 32.
Easy to be right in retrospect. I would always favour the butterfly which cannot cause losses beyond the premium paid. With 100 point wide strikes with the BWB you can of course lose another 100
2017/08/05 at 2:41 pm
From Terrapin Trader
on
Trade 40 and Some History
A Winner! Yay, vol kicked up a little but the market drop was the key, on Friday. Yes, we’d close out for a nice 25%
2017/07/29 at 1:25 pm
From Terrapin Trader
on
That Was the Week ending 21July
I tend to read some ‘parallel’ topics as trading material is tedious and I have read pretty much all there has been on options. Just finished ‘Scarcity’ By Sendhil Mullainathan, Eldar Shafir. A worthy read which makes plain some of our shortcomings in understanding the actions and inactions of others.
2017/07/22 at 2:40 pm
From real forex millionaire
on
Trade16 -Standard and yet Devious
Hey There. I discovered your weblog the usage of msn. That is an extremely
neatly written article. I will be sure to bookmark it and return to read
extra of your helpful information. Thank you for the post.
I will definitely comeback.
2017/07/17 at 4:30 am
From Terrapin Trader
on
Trade16 -Standard and yet Devious
you are very welcome- we have one goal- to help others understand options-and by so doing, improve our own understanding
2017/07/21 at 11:18 pm
From Terrapin Trader
on
Trade 39 A Theta Play
Not a great trade as there is little basis to take it other than to contiune to demonstrate the power and flexibility of options. Should the market smash up we will lose, not a huge amount but it would be annoying
2017/07/16 at 2:55 pm
From Terrapin Trader
on
Trade 38 Cheap But Not Free
there was an opportunity to close this out for 4 this week but that is not what we are looking for -this is a fun trade -we want to win big or just let it fade into oblivion
2017/07/13 at 6:45 pm
From Terrapin Trader
on
That Was The Week Ending July 7th
It is hoped that our followers will understand that trade selection is the key. People who trade direction only have to choose up or down. The gift of options is the wide range of possibilities -no need to be directional,often no need to be right either.
2017/07/09 at 11:40 am
From Terrapin Trader
on
Trade 37 Let's Get It Wrong
Could now be closed out for 5- 4.5% profit in under a week. The little guys can win little and often
2017/07/08 at 12:06 am
From Update Aadhar card
on
The Basics Revisited, Take The Time, Change Your World
Everything is very open with a precise description of the issues.
It was truly informative. Your site is very helpful. Thank you for sharing!
2017/07/07 at 9:20 am
From contactamipro
on
The Basics Revisited, Take The Time, Change Your World
thats an awesome library!
2017/07/02 at 8:20 pm
From contactamipro
on
The Basics Revisited, Take The Time, Change Your World
`thats an awesome library!
2017/07/02 at 8:19 pm
From David Eppel
on
The Basics Revisited, Take The Time, Change Your World
hope this has helped -when I first learned about options I was just utterly amazed.
I still am.
2017/07/02 at 12:23 pm
From contactamipro
on
That Was The Week Ending June 30th
It’s been reversal of the trend. Pound getting stronger and ftse100 correction
2017/07/01 at 4:22 pm
From Terrapin Trader
on
Trade 37 Let's Get It Wrong
For so many trades now I have been hoping to show one that goes horribly wrong.
I want to show how to repair a trade, but the market stubbornly refuses to do anything to help us fail.
The flipside of this is that with a little knowledge (often deemed dangerous) one can make serious coin with options strategies
2017/07/01 at 3:17 pm
From Terrapin Trader
on
Trade 36 Equal Premiums, Different Profiles
the naked call is now 5.5 (sold at 8.5) it has been lower.
the 7600/7650 spread is now worth 6
the ratio spread is now 3 -clearly the winner here.
I have to confess that while we are making money(and missing good trades too) this market is a complete basket case, in my opinion.
2017/06/28 at 6:04 pm
From Terrapin Trader
on
Trade 35 Cheap, Risk Limited
this trade now a credit of 9 as the call spread is now 6, and the put spread is 15. Another winner it seems.
2017/06/28 at 5:57 pm
From contactamipro
on
Trade 36 Equal Premiums, Different Profiles
Very true..any credit spread is 1:1 chances of winning
2017/06/26 at 12:03 am
From Terrapin Trader
on
Trade 35 Cheap, Risk Limited
I have been otherwise engaged this week but this trade has seen profits in the 5- 10 range but you need to place a limit order to catch them. I still get a bit uncomfortable about limit orders,and on Wednesday this week placed a limit order, took a ‘comfort break’ and the market had move another 20 points in my favour. So my limit of 23 could have been 28.That’s the difference between a rubbish trader like me who is too impatient,and failed 3 times to optimise this week’s trading,where another trader might have waited to open the trades on tuesday, not monday as I did. This was a pure volatility play and still made 100% however
2017/06/22 at 4:56 pm
From Terrapin Trader
on
Trade 34 A Bit of a Mystery
today that trade? the June puts are 5 (x2=10) the July put=55-giving a value of 45
We paid 14 for this profit of 31. That equates to £310 per lot or around £2,000 margin thus a 15% return in a week.
2017/06/15 at 11:21 am
From Terrapin Trader
on
Trade 33 Election Special- Enough Said
the put spread- possible close out for 30 today(50% profit) , the straddle-sitting there like a strong and stable thing!
2017/06/08 at 5:56 pm
From Terrapin Trader
on
Trade 33 Election Special- Enough Said
much to be pondered but this straddle would be 127 to buy on IG -with their huge spreads it might not be a great trade,but at least it could be done for £127 instead of £1,270. Tempted to look at this on Monday
2017/06/03 at 4:48 pm
From contactamipro
on
Trade 33 Election Special- Enough Said
Ouch…that’s straddle is still expensive. I wonder how they are pricing vftse to be so low! We would find out soon but I agree it does not harm to have a bit of uspide risk, so may be buy the put spread and sell a call instead?
2017/06/03 at 4:01 pm
From Terrapin Trader
on
Trade 32 Free Trade
I have rarely used the ’25’ strikes,always gravitating to the round hundreds or fifties. I don’t know if that makes any difference and it may be that we backtest using quirky strikes. That is very much in the pipeline.
2017/05/28 at 12:11 pm
From Terrapin Trader
on
Alpha and Beta
I love the many articlkes written by PhDs on markets- about seeking alpha etc. For me I can never be a part of that world,but it intrigues me and there is always some value in reading and getting insights from the smart guys. I just don’t see buying a share portfolio as a way of optimising money for the individual
2017/05/21 at 12:06 pm
From Terrapin Trader
on
Trade 30,Reversing Positions
Today you could have closed out for a credit of 14 ( call at 28.5 and 42.5 for the put) You may have got that price or a bit less as the market has been crazy this week
I was also going to show a helpful adjustment but that can wait for a while-in fact I’m reluctant to share it as it has taken me years to figure it out. Smarter traders may know a few twists here……
2017/05/18 at 5:44 pm
From Terrapin Trader
on
Trade 30,Reversing Positions
Today that 7550 call is 48.5. I had no time yesterday tpo show an adjustment wbut I will aim to update everyone throughout the week’s moves. After 10 consecutive up days,a new all time high in the face of inflation,and terrible numbers from VOD you have to suspect something is rotten in the state of Denmark.
again I hope to reveal some of that too
2017/05/16 at 8:18 pm
From Terrapin Trader
on
US,UK and the big 'V'
The smart mopney is in options trading-the dumb money is in the market-that’s all they can do-buy stocks-risking a lot to get a measly dividend and perhaps more QE to boost the share price to an already stupid high valuation that will never make sense.
Hence VIX is a very smart indicator and derivatives of it are traded big time.
2017/05/01 at 10:54 am
From Terrapin Trader
on
Trade 27- Out of the Comfort Zone
It looks risky as you could be faced with a short put spread costing 100. Yes you could-this trade has to be managed,but think of the flip side. Would you be doing the ratio spread? Would you be selling for a credit of 3? Not on your life- volatility is just way below the norm again. The only issue is the amount of time-we have <3 weeks for this to be a winner. However if FTSE stays above 7150 we lose 3, and live to fight another day.
I looked at June prices but you'd be paying (63.5x2) minus 93= 34. While profit to the downside is theoretically massive I'd be looking for low cost trades that you can afford to lose. Some people might sweat on the June trade and watch that premium cost dribble away. Enjoy, and watch this one daily
2017/05/01 at 10:43 am
From Terrapin Trader
on
Trade 27....Naked and Risky
Another winner-the put is now trading for 1-why not close out and accept an annualised 18%- that’s twenty times what your bank would pay
2017/04/26 at 6:13 pm
From Terrapin Trader
on
Trade 27....Naked and Risky
I spend more time looking at options prices than anything else. Prices tell us a lot, so when calls are cheap but vol is up it looks like the market is not pricing in a meaningful rise.
2017/04/23 at 3:42 pm
From Terrapin Trader
on
Trade 26- Going down?
return on capital is best with a short spread and risk is limited. £500- £115= £385, worst way.
You could do say 20 spreads with a trading account of £10k- just sayin’
2017/04/17 at 12:47 pm
From Terrapin Trader
on
Trade 25- Iron Condor -Based on Premiums
thecall spread is now about 8, puts still about 11
2017/04/17 at 12:18 pm
From contactamipro
on
Making the Elusive First Million
Really?? 16 doubles is less than two years! Exciting information. We can certainly backtest and i am sure if we are just aiming for 10 points, it would be something like less than 10 delta.. Awesome trade with more than 90% win probability.
2017/04/09 at 4:39 pm
From Terrapin Trader
on
Making the Elusive First Million
I was told it takes 16 doubles to get to that million from £100-doesn’t SOUND like a tall order….
From Terrapin Trader on Trade 46- 3 Legged Calendar Ratio Something
2017/09/03 at 11:51 amFrom Terrapin Trader on That Was the Week ending Sept 01- Boom!(Nearly)
2017/09/02 at 5:00 pmFrom Amipro on Trade 45 Feckless, Reckless- Why Not?
2017/08/29 at 2:31 pmFrom Terrapin Trader on Trade 45 Feckless, Reckless- Why Not?
2017/08/29 at 6:10 pmFrom Pension Pot, Pensionwise, Options and Risk : Options Investing on The Basics Revisited, Take The Time, Change Your World
2017/08/27 at 4:22 pmFrom Terrapin Trader on That Was The FTSE Week Ending 25 August
2017/08/26 at 5:44 pmFrom Terrapin Trader on Pension Pot, Pensionwise, Options and Risk
2017/08/26 at 11:52 amFrom Terrapin Trader on Trade 44 Options Flexibility & a Variation on a Theme
2017/08/20 at 3:53 pmFrom Terrapin Trader on That Was The Week Ending 18th August- Options Expiry
2017/08/19 at 3:28 pmFrom Terrapin Trader on Trade 43 It's Xmas
2017/08/18 at 7:10 pmFrom Terrapin Trader on Trade 43 It's Xmas
2017/08/17 at 2:30 pmFrom Amit on Trade 43 It's Xmas
2017/08/15 at 11:40 amFrom Terrapin Trader on Trade 43 It's Xmas
2017/08/15 at 8:37 pmFrom Terrapin Trader on That was the Week ending 11 August
2017/08/12 at 2:06 pmFrom Terrapin Trader on Trade 41 a Bias To the Downside
2017/08/10 at 4:47 pmFrom Terrapin Trader on Trade 42 and an Apology
2017/08/10 at 1:07 pmFrom Terrapin Trader on Trade 41 a Bias To the Downside
2017/08/10 at 1:04 pmFrom Terrapin Trader on Trade 42 and an Apology
2017/08/09 at 6:41 pmFrom Terrapin Trader on Trade 42 and an Apology
2017/08/10 at 1:24 pmFrom Terrapin Trader on That Was The Week Ending 04August
2017/08/05 at 2:41 pmFrom Terrapin Trader on Trade 40 and Some History
2017/07/29 at 1:25 pmFrom Terrapin Trader on That Was the Week ending 21July
2017/07/22 at 2:40 pmFrom real forex millionaire on Trade16 -Standard and yet Devious
2017/07/17 at 4:30 amFrom Terrapin Trader on Trade16 -Standard and yet Devious
2017/07/21 at 11:18 pmFrom Terrapin Trader on Trade 39 A Theta Play
2017/07/16 at 2:55 pmFrom Terrapin Trader on Trade 38 Cheap But Not Free
2017/07/13 at 6:45 pmFrom Terrapin Trader on That Was The Week Ending July 7th
2017/07/09 at 11:40 amFrom Terrapin Trader on Trade 37 Let's Get It Wrong
2017/07/08 at 12:06 amFrom Update Aadhar card on The Basics Revisited, Take The Time, Change Your World
2017/07/07 at 9:20 amFrom contactamipro on The Basics Revisited, Take The Time, Change Your World
2017/07/02 at 8:20 pmFrom contactamipro on The Basics Revisited, Take The Time, Change Your World
2017/07/02 at 8:19 pmFrom David Eppel on The Basics Revisited, Take The Time, Change Your World
2017/07/02 at 12:23 pmFrom contactamipro on That Was The Week Ending June 30th
2017/07/01 at 4:22 pmFrom Terrapin Trader on Trade 37 Let's Get It Wrong
2017/07/01 at 3:17 pmFrom Terrapin Trader on Trade 36 Equal Premiums, Different Profiles
2017/06/28 at 6:04 pmFrom Terrapin Trader on Trade 35 Cheap, Risk Limited
2017/06/28 at 5:57 pmFrom contactamipro on Trade 36 Equal Premiums, Different Profiles
2017/06/26 at 12:03 amFrom Terrapin Trader on Trade 35 Cheap, Risk Limited
2017/06/22 at 4:56 pmFrom Terrapin Trader on Trade 34 A Bit of a Mystery
2017/06/15 at 11:21 amFrom Terrapin Trader on Trade 33 Election Special- Enough Said
2017/06/08 at 5:56 pmFrom Terrapin Trader on Trade 33 Election Special- Enough Said
2017/06/03 at 4:48 pmFrom contactamipro on Trade 33 Election Special- Enough Said
2017/06/03 at 4:01 pmFrom Terrapin Trader on Trade 32 Free Trade
2017/05/28 at 12:11 pmFrom Terrapin Trader on Alpha and Beta
2017/05/21 at 12:06 pmFrom Terrapin Trader on Trade 30,Reversing Positions
2017/05/18 at 5:44 pmFrom Terrapin Trader on Trade 30,Reversing Positions
2017/05/16 at 8:18 pmFrom Terrapin Trader on US,UK and the big 'V'
2017/05/01 at 10:54 amFrom Terrapin Trader on Trade 27- Out of the Comfort Zone
2017/05/01 at 10:43 amFrom Terrapin Trader on Trade 27....Naked and Risky
2017/04/26 at 6:13 pmFrom Terrapin Trader on Trade 27....Naked and Risky
2017/04/23 at 3:42 pmFrom Terrapin Trader on Trade 26- Going down?
2017/04/17 at 12:47 pmFrom Terrapin Trader on Trade 25- Iron Condor -Based on Premiums
2017/04/17 at 12:18 pmFrom contactamipro on Making the Elusive First Million
2017/04/09 at 4:39 pmFrom Terrapin Trader on Making the Elusive First Million
2017/04/09 at 2:31 pm