The Week’s Action
FTSE cash index- 7547 open 7527 close high 7598.99 low 7449.73
FTSE volatility- 10.83 open 9.85 close
What Trades Would Have Done well?
Strangle, straddle, short spreads, -basically selling premium as volatility has been counter to events. Theta(time decay) gets vicious this time in the cycle. Hard to trade these big events.
Market Volatility
High12 low 7.68-not a comfortable environment to sell premium. We are in a new paradigm
News
Enough events to rock the World- is the market smarter than all the media reporting?
Summary
Expectations of big moves were not met-have no expectations. Never,therefore, be disappointed!
