Update to Trades 61 & 62 We are NOT Losers!

not quite in the trash yet..

Big Apology To the Faithful Followers

There has been a lot of illness recently and absence from the UK. Our aim was always to show  weekly trades. One huge lesson learned many years ago- never trade while you are ill. So we do say sorry and we’ll keep taking the medicine, and aim to bring more adventures and, of course, winners soon.

Meanwhile, those trades …..

Trade 61

Remember this from December?

I’m not so bullish as to foam at the mouth about FTSE, but I like 7650/7700 call ratio spread for zero. Margin required of course. We are safe up to 7750, and this may well be more than the top. I don’t make predictions, (and I never will!) but I see 7700 as a top. Anything below 7750 suits us. Thus if the market tanks we may just make pennies on the long 7650 calls.Update: A close out for 20-25. WINNER!

And this:

Trade 62

Put Ratio Spread

Buy FTSE  Jan 7600 put(11.5) Sell 2xJan 7500 put(5.5) thus 11.5 -(5.5×2)= 0.5. A debit of a fiver(£5) Could thus net us up to £1,000. (Margin required,of course as we are ‘naked’ one put) What are the odds of doing these 12 times a year and one or two making serious dough? By the way this should NEVER be a debit trade in normal times.

Update: Long puts could be closed out for at least 1 possibly 2. WINNER!(Ok it’s not the retirement plan you want!)

Filed Under: InformativeStrategiesWeekly Trade Idea

About the Author: First found out about options in 1995.From the arcane magazine Exchange and Mart! First trade- a covered call on VOD in 1999. Made 10%,VOD almost doubled. That's when I realised I was not a good trader,and I was forgiven thanks to the amazing world of exchange traded options

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