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Trade97 Week Ending 14 September

Trade97 Week Ending 14 September

That Was The Week A bit of a nothing but it didn’t feel like it as the FTSE dropped beneath the waves with a low of 7220. I have several positions running into this expiry,and confess to failing to take the 45DTE (Oct expiry trade) That came into view on 7th Sept. Of course this […]

Trade 95 Week Ending 31 August

Trade 95 Week Ending 31 August

Some Graphics To Pore Over, and a Great Exit for Trade 94 As we ALL know- don’t we, volatility rises when the market falls. It can rise when the market rises but it is a measure of the cost of risk. For premium sellers it is a thing of beauty, for those already short premium, […]

Trade 94 Week Ending 24 August

Trade 94 Week Ending 24 August

The Week That Time forgot Actually the whole of August has been pretty lame, for FTSE, though August 15th served us well with a 1.5% drop. August is the month when movers and shakers are away. The office cat is actually managing your funds! I like the ‘up day/down day‘ measure and August has 50% […]

Trade 93 Week Ending 17August

Trade 93 Week Ending 17August

What a Spikey Week! Big old vol spike on Wednesday. 5 consecutive down days (long overdue). And…. a terrific opportunity to double down with whatever position you like! I think this is more like it, though we may be heading back to that magnetic 7650 level. What do I know about levels? We’ll get to […]

Trade 76 When The Market's A Bit Too Happy

Trade 76 When The Market’s A Bit Too Happy

When Vol is Neither Big nor small We sometimes like to go directional, but an outright purchase of options is not …a great option. We could buy a put, a put spread,a call or a call spread. This would be safer than a combination (risk reversal for US traders). A combo is the buying of […]

That Was The Week Ending 06April

That Was The Week Ending 06April

Some Housekeeping First: Trade 73 Another Victory For the record- Trade72 would still be underwater if we’d run as a straight strangle but next week might see some big downside. So our short 7150 calls will likely be a bit less juicy,and in our favour. Last week we ran through some adjustments,and we don’t have […]

Trade73 Cheap and Cheerful

Trade73 Cheap and Cheerful

Trade 72- What’s the Story? Remember? Strangle at 7150 and 6300, credit of 39.5. Now the whole thing has gone a bit lopsided, what are the options (doh) for adjusting? The puts are now over 10% OTM so no worry there, the calls are close to the money at 100 points above so here’s how […]