All Entries Tagged With: "#options"
Trade 165 Week Ending 17th January
Another Dreary Week For a Volatility Hungry Trader Up again- another 1%+.Quelle surprise mes amis (just using up the last quota before Brexit means no French words allowed). So Brexit looms nobody gives a monkey’s, to coin a phrase. Our esteemed chancellor casually mentioned that businesses may find the ground a ‘tad shaky’. However,nobody cares. […]
Trade 164 Week ending 10 January
Another Week of Nothing- Are We Exhausted? Perhaps a great many folk are still on leave. Arch enemies USA and Iran squared up to each other but it all fizzled out. Commentators are saying the market is in imminent danger– NOT. Retailers are in decline and partners in John Lewis may not get their bonus, […]
Trade 162 Post Xmas Week Ending 27December
That Was The Week- Another Bump Up Fellow traders-is anyone seriously short here? We have now seen 11 consecutive up days. I believe the running count of up/down to be 134 up against 114 down. That, for my money, is a little skewed but with only 2 remaining trading days it’s of little value. The […]
Trade 157 Week Ending15 November
That Was The Week When Nothing Happened Market watchers lament the death of volatility, and note the going-nowhereness of the UK market. However we see new highs in the US. Curiously our winning trades needed the drop.This was delivered, predicated on a strong pound/totally random unconnected events. Crazy times as we know a 100 point […]
Trade156 Week Ending 08Nov
That Was The Week -We Ground Higher, Then Dropped Impeachment, drop out MPs and yet the financial markets grind away. So the S&P up 23% FTSE 9% YTD. And we just saw the S&P hit an all time high. Life’s good-borrow for nothing buy the dips. What could go wrong? How about this? […]
Trade 153 Week Ending 18 October, More Brexit.
The Week of Utter Bewilderment- again There are no words, it’s politics of the lowest calibre. Let’s stick with our trading. FTSE did have a blip up to save our trade 150, and then a trip down. However, 151 and it’s sister 152 did fabulous business.I had a disappointing quick put spread that did zip. Here’s […]
Trade150! Week Ending 27Sept and a Biiiig Apology
Business As Usual Resumed This Week Big apology as there was no contribution last week due to a certain trader being away courtesy of Thomas Cook (last known share price 3.45p). I should have suspected there might be issues but when sun and sea and history all beckoned, the rose tinted specs were ON! I […]
Trade 147 Week Ending 30August The PM’s Lost It! Panic some more
That Was The Week Well, we saw panic as GBPUSD dropped 1% thanks to Bojo, then recovered to its previous level at 1.22. Curiously FTSE took a dive at the same time but then recovered, as everyone looked up from their screens and decided it’s political nonsense. I took a view that perhaps the PM had […]
Trade146- Yes, Panic! Orange Alert
A Reminder of What We Do -For New Readers As I talk with non-traders who have no idea about options, I’m in a bit of a dilemma. Sure I could go in all guns blazing-the Greeks etc. However I like the analogy of the insurance market. Options are a kind of insurance. Thus the options […]
Trade145 Week Ending 16 August- Don’t Panic!
That Was The Week The US got a bit crazy with that 3% drop on Wednesday. This trader thought there’d be a bounce and closed out what would have been the perfect long put position at 7200. However 30% of max profit is ok too. Traders nursing big losses in the recent turmoil […]
